Essex Property Trust, Inc. (NYSE:ESS) (Essex) has announced that its operating partnership, Essex Portfolio, L.P. (the Issuer), priced an underwritten public offering of US$350 million aggregate principal amount of 5.500% senior notes due 2034 (the Notes). The Notes were priced at 99.752% of par value with a yield to maturity of 5.532%. The Notes mature on April 1, 2034. The Notes will be the senior unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Essex. The Notes offering is expected to close on March 14, 2024, subject to the satisfaction of certain closing conditions. Latham & Watkins LLP represents Essex Property Trust in the offering with a corporate deal team led by San Diego partners Craig Garner and Kevin Reyes and Los Angeles/New York partner Greg Rodgers, with associates Julian Brody, Rachel Staub, Adam Weber, and Samantha Wang. Advice was also provided on tax matters by Century City partner Ana O’Brien and Los Angeles partner Eric Cho, with associate Brian Rogers.~~