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Acquisition Criteria
Essex is seeking investment opportunities within its targeted West Coast markets:
Southern California
| Northern California
| Pacific Northwest
-Los Angeles County
-Ventura County
-Orange County
-San Diego County
-Riverside County
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-San Francisco County
-Alameda County
-Contra Costa County
-Santa Clara County
-Marin County
-San Mateo County
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Seattle Metro Area
-King County
-Snohomish County
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Acquisitions allow the Company to rapidly deploy capital into the strongest markets. The Company's strong financial condition supports this investment strategy by providing access to a wide range of capital alternatives. The data derived from our research model enhances Essex's ability to effectively shift its investment activities to markets that provide the best operating performance and enhance the portfolio's overall net asset value (NAV). Essex's investment strategy and financial strength has contributed to solid returns for shareholders through its dividend increases and stock price appreciation.
QUALIFYING PROPERTIES
Multifamily assets with over 100 units
TRANSACTION SIZE
$10 million Minimum
INVESTMENT STRUCTURES
All Cash
Loan Assumptions
Tax-deferred UPREITs |
Recent Acquisitions
($ millions)
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ACQUISITION
UNITS
CONTRACT PRICE
The Cairns, Seattle, WA
Magnolia Lane, Sunnyvale, CA
Coldwater Canyon, Studio City, CA
Canyon Oaks, San Ramon, CA
Cardiff By the Sea, Cardiff, CA
Hope Ranch Collection, Santa Barbara, CA
Harvest Park, Santa Rosa, CA
Camino Ruiz Square, Camarillo, CA
Belmont Terrace, Belmont, CA
Alderwood Park, Newark, CA
Hillsdale Garden, San Mateo, CA
Renaissance Apartments, Los Angeles, CA
Davey Glen, Belmont, CA
CBC, Santa Barbara, CA
Chimney Sweep, Santa Barbara, CA
The Enclave, San Jose, CA
Morning Run, Monroe, WA
Marbella, Los Angeles, CA
Echo Ridge, Snoqualmie, WA
Mission Hills, Oceanside, CA
Thomas Jefferson, Sunnyvale, CA
Mill Creek, San Ramon, CA
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100
32
39
250
300
108
104
160
71
96
697
168
69
148
91
637
222
60
120
282
156
400
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$28.1
$5.4
$8.4
$64.3
$72.0
$21.2
$22.5
$33.0
$14.7
$13.4
$97.3
$46.3
$14.0
$27.1
$30.1
$127.0
$19.8
$13.6
$17.9
$50.5
$28.0
$100.5
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Acquisitions Contacts
Craig Zimmerman
Executive Vice President, Acquisitions
San Francisco Bay Area
(650) 849-1631
Bryan Meyer
First Vice President, Acquisitions
Pacific Northwest
(425) 643-5899
Jeff Rowerdink
First Vice President, Acquisitions
Orange/San Diego Counties
(949) 225-7921
Adam Berry
Vice President, Acquisitions
Los Angeles/Ventura Counties
(650) 849-1611
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