Business NewsMarketWire • Essex Property Trust, Inc. and Essex Portfolio, L.P. Commence Redemption of the Company's 3.625% Exchangeable Senior Notes Due 2025

Essex Property Trust, Inc. and Essex Portfolio, L.P. Commence Redemption of the Company's 3.625% Exchangeable Senior Notes Due 2025

Essex Property Trust, Inc. and Essex Portfolio, L.P. Commence Redemption of the Company's 3.625% Exchangeable Senior Notes Due 2025

PALO ALTO, CA--(Marketwire - October 6, 2010) -  Essex Property Trust, Inc. (the "Company") (NYSE: ESS), a real estate investment trust (REIT) that invests in apartment communities located in highly desirable, supply-constrained markets, announced today that the Company and its operating partnership, Essex Portfolio, L.P. (the "Operating Partnership"), have commenced a redemption of all of the Operating Partnership's outstanding 3.625% Exchangeable Senior Notes due 2025 (the "Notes"). As of October 6, 2010, there are $3,215,000 aggregate principal amount of Notes outstanding.

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