Essex Property Trust Files 8-K

TL;DR

Essex Property Trust filed an 8-K. Standard reporting, no major news yet.

AI Summary

Essex Property Trust, Inc. filed an 8-K on March 8, 2024, to report other events and financial statements. The filing includes information related to the company's operations and financial reporting, but does not detail specific transactions or financial figures in this summary section.

Why It Matters

This filing indicates Essex Property Trust is providing updated information to the SEC, which is crucial for investors to stay informed about the company's status and financial health.

Risk Assessment

Risk Level: low — This filing is a routine 8-K for reporting events and financial statements, not indicating any immediate adverse developments.

Key Players & Entities

• ESSEX PROPERTY TRUST, INC. (company) — Filer
• ESSEX PORTFOLIO LP (company) — Former Company

FAQ

Key Financial Figures

• $350.0 million — ffering by the Operating Partnership of $350.0 million aggregate principal amount of the Opera

Filing Documents

• ny20023289x6_8k.htm (8-K) — 41KB
• ny20023289x6_ex1-1.htm (EX-1.1) — 282KB
• ny20023289x6_ex99-1.htm (EX-99.1) — 13KB
• ny20023289x6ex99-1_image01.jpg (GRAPHIC) — 5KB
• 0001140361-24-012353.txt ( ) — 575KB
• ess-20240307.xsd (EX-101.SCH) — 4KB
• ess-20240307_def.xml (EX-101.DEF) — 17KB
• ess-20240307_lab.xml (EX-101.LAB) — 25KB
• ess-20240307_pre.xml (EX-101.PRE) — 19KB
• ny20023289x6_8k_htm.xml (XML) — 6KB

01. Other Events

Item 8.01. Other Events. On March 7, 2024, Essex Property Trust, Inc. (the "Company") and Essex Portfolio, L.P. (the "Operating Partnership") entered into an underwriting agreement (the "Underwriting Agreement") with Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC and U.S. Bancorp Investments, Inc., as representatives of the several underwriters named therein (the "Underwriters"), in connection with the public offering by the Operating Partnership of $350.0 million aggregate principal amount of the Operating Partnership's 5.500% senior notes due 2034 (the "Notes"). The Notes will be fully and unconditionally guaranteed by the Company. The press release announcing the pricing of the Notes is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The Operating Partnership intends to use the net proceeds of this offering to repay upcoming debt maturities, including to fund a portion of the repayment of the Issuer's 3.875% senior unsecured notes due May 2024 upon maturity thereof, and for other general corporate and working capital purposes, which may include the funding of potential acquisition opportunities. Pending application of the net proceeds from the offering for the foregoing purposes, such net proceeds initially may be invested in short-term securities. Neither the press release nor this Current Report on Form 8-K constitutes an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any jurisdiction in which, or to any person to whom, such offer, solicitation or sale would be unlawful. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by the full text of the Underwriting Agreement, which is being filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 1.1 Underwriting Agreement, dated March 7, 2024, among Essex Portfolio, L.P., Essex Property Trust, Inc., and Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC and U.S. Bancorp Investments, Inc., as representatives of the Underwriters. 99.1 Press release issued by Essex Property Trust, Inc. on March 7, 2024. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrants have duly caused this report to be signed on their behalf by the undersigned, hereunto duly authorized. Date: March 8, 2024 ESSEX PROPERTY TRUST, INC. /s/ Barbara Pak Name: Barbara Pak Title: Executive Vice President and Chief Financial Officer ESSEX PORTFOLIO, L.P. By: Essex Property Trust, Inc. its General Partner /s/ Barbara Pak Name: Barbara Pak Title: Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR