This Slide: #13 of 60 |
Slide #13. Essex Property Trust, Inc. — BRE Properties
Acquirer:
Essex Property Trust, Inc. (ESS)
Acquiree:
BRE Properties (BRE)
Details:
Essex Property Trust, Inc. (NYSE: ESS) and BRE Properties (NYSE: BRE) announced today that they have entered into a definitive agreement under which BRE Properties will combine with Essex, creating the only publicly traded West Coast pure play multifamily REIT. The combined company is expected to have a pro forma equity market capitalization of approximately $10.4 billion and a total market capitalization of approximately $15.4 billion.
Essex Property Trust operates as a self-administered and self-managed real estate investment trust. Co. owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, L.P. (the Operating Partnership). Co. is the sole general partner of the Operating Partnership. Co. is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities, located along the West Coast of the U.S. Co. owns or has ownership interests in various operating apartment communities.
Essex Property Trust SEC Filing Email Alerts Service
Preferred: ESS.PRH
Open the ESS Page at The Online Investor »
Essex Property Trust operates as a self-administered and self-managed real estate investment trust. Co. owns all of its interest in its real estate and other investments directly or indirectly through Essex Portfolio, L.P. (the Operating Partnership). Co. is the sole general partner of the Operating Partnership. Co. is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities, located along the West Coast of the U.S. Co. owns or has ownership interests in various operating apartment communities.
Essex Property Trust SEC Filing Email Alerts Service
Preferred: ESS.PRH
Open the BRE Page at The Online Investor »
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