Essex Property Trust Provides Update on California Wildfires

Essex Property Trust, Inc. (NYSE:ESS) announced today that there has been no significant damage to the Company’s apartment communities as a result of the wildfires occurring throughout Northern and Southern California. The fires closest to the Company’s communities in Ventura and Los Angeles counties are still ongoing and may continue for a few more days given severe wind conditions. The Company will provide further updates in the event of any material changes.

"Our thoughts are with those affected by the California wildfires. We continue to monitor the situation closely to ensure the safety of our employees and residents during this time,” commented Michael Schall, President and CEO of the Company.

About Essex Property Trust, Inc.

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. The Company currently has ownership interests in 248 apartment communities comprising approximately 60,000 apartment homes, excluding six properties in various stages of active development, one commercial building, preferred equity co-investments, and loan investments. Additional information about Essex can be found on the Company’s website at www.essex.com.

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