0001140361-13-045413.txt : 20131210 0001140361-13-045413.hdr.sgml : 20131210 20131209212759 ACCESSION NUMBER: 0001140361-13-045413 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20131209 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131210 DATE AS OF CHANGE: 20131209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ESSEX PROPERTY TRUST INC CENTRAL INDEX KEY: 0000920522 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 770369576 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13106 FILM NUMBER: 131266992 BUSINESS ADDRESS: STREET 1: 925 EAST MEADOW DR CITY: PALO ALTO STATE: CA ZIP: 94303 BUSINESS PHONE: 6504943700 MAIL ADDRESS: STREET 1: 925 EAST MEADOW DRIVE CITY: PALO ALTO STATE: CA ZIP: 94303 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ESSEX PORTFOLIO LP CENTRAL INDEX KEY: 0001053059 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 000000000 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-44467-01 FILM NUMBER: 131266993 BUSINESS ADDRESS: STREET 1: 777 CALIFORNIA AVE CITY: PALO ALTO STATE: CA ZIP: 94304 BUSINESS PHONE: 4154943700 MAIL ADDRESS: STREET 1: 777 CALIFORNIA AVENUE CITY: PALO ALTO STATE: CA ZIP: 94304 8-K 1 form8k.htm ESSEX PROPERTY TRUST, INC 8-K 12-9-2013
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
FORM 8-K
 
 
Current Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): December 9, 2013

ESSEX PROPERTY TRUST, INC.
ESSEX PORTFOLIO, L.P.
(Exact Name of Registrant as Specified in its Charter)

001-13106 (Essex Property Trust, Inc.)
333-44467-01 (Essex Portfolio, L.P.)
 (Commission File Number)

Maryland (Essex Property Trust, Inc.)
California (Essex Portfolio, L.P.)
 
77-0369576 (Essex Property Trust, Inc.)
77-0369575 (Essex Portfolio, L.P.)
(State or Other Jurisdiction of Incorporation)
 
(I.R.S. Employer Identification No.)

925 East Meadow Drive, Palo Alto, California 94303
(Address of principal executive offices) (Zip Code)

(650) 494-3700
(Registrant’s telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Item 8.01. Other Events

On December 9, 2013, Essex Property Trust, Inc. (the “Company”) issued a press release announcing that the Company has made a non-binding proposal to acquire BRE Properties, Inc. in a negotiated strategic business combination. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein in its entirety.

Item 9.01. Financial Statements and Exhibits.

(a) - (b) Not applicable.

(c) Exhibits.

The exhibits listed below are being furnished with this Form 8-K.

 
99.1
Press Release issued by Essex Property Trust, Inc. dated December 9, 2013

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  December 9, 2013
 
 
 
 
ESSEX PROPERTY TRUST, INC.
 
 
 
 
/s/ Michael T. Dance
 
 
Name: Michael T. Dance
 
Title: Executive Vice President & Chief Financial Officer
 
 
 
 
ESSEX PORTFOLIO, L.P.
 
 
 
 
By:  Essex Property Trust, Inc.,
 
its General Partner
 
 
 
/s/ Michael T. Dance
 
 
Name: Michael T. Dance
 
Title: Executive Vice President &
 
Chief Financial Officer
 
EXHIBIT INDEX

Exhibit
Number
 
Description
 
 
 
 
Press Release issued by Essex Property Trust, Inc. dated December 9, 2013

 
 EX-99.1 2 ex99_1.htm EXHIBIT 99.1
Exhibit 99.1



ESSEX PROPERTY TRUST ENTERS INTO EXCLUSIVE NEGOTIATIONS WITH BRE PROPERTIES

Palo Alto, California — December 9, 2013 — Essex Property Trust, Inc. (NYSE:ESS) today announced that it has made a non-binding proposal to acquire BRE Properties, Inc. (NYSE: BRE) in a negotiated strategic business combination.  Under the proposal, each outstanding share of BRE common stock would be exchanged for 0.2971 shares of Essex common stock and $12.33 in cash.  The companies are currently engaged in discussions and have agreed to an exclusivity period.

There can be no assurances that any transaction will be entered into or consummated. Pursuant to the terms of a confidentiality agreement, Essex cannot discuss or disclose developments with respect to these discussions unless and until both Boards have approved a transaction.

About Essex Property Trust, Inc.
Essex Property Trust, Inc., an S&P 400 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages apartment communities located in highly desirable, supply-constrained markets. Essex currently has ownership interests in 163 multifamily properties with an additional 11 properties in various stages of development. Additional information about Essex can be found on the Company's web site at www.essexpropertytrust.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:
 This press release may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual events may differ materially from those anticipated in such forward-looking statements. There can be no assurances that the Company and BRE Properties will ever reach agreement on the terms of a strategic business combination or enter into any agreement; nor can there be any assurances as to any such terms (including price) if an agreement is reached or the timing of reaching an agreement.  Factors that might cause such a difference include, but are not limited to, changes in market demand for rental apartment homes and the impact of competition and competitive pricing, changes in economic conditions, and other risks detailed in the Company's filings with the Securities and Exchange Commission (SEC). All forward-looking statements are made as of today, and the Company assumes no obligation to update this information or to provide any further information concerning any discussions with BRE Properties. For more details relating to risk and uncertainties affect our business in general, please refer to our SEC filings, including the Company’s Report on Form 10-K for the year ended December 31, 2012.
 
925 East Meadow Drive Palo Alto California 94303 telephone 650 494 3700 facsimile 650 494 8743
www.essexpropertytrust.com
Contact Information

Investors:
Essex Property Trust
Barb Pak
Director of Investor Relations
(650) 494-3700

Media:
Sard Verbinnen & Co
Renée Soto / Lesley Bogdanow
(212) 687-8080

 

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