8-K

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): July 26, 2011

ESSEX PROPERTY TRUST, INC.

(Exact Name of Registrant as Specified in its Charter)

001-13106

(Commission File Number)

Maryland	77-0369576
(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 240.14d2(b))

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

Item 7.01. Regulation FD Disclosure.

On July 26, 2011 and July 27, 2011, officers of Essex Property Trust, Inc., a Maryland corporation (the "Registrant"), provided a handout for investor meetings as part of a Non-Deal Road Show that included written communications comprised of slides which are furnished as Exhibit 99.1 to this Report on Form 8-K.

The information furnished pursuant to this Item, including Exhibit 99.1, shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Act of 1934, or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The exhibit listed below is being furnished with this Form 8-K.

99.1 Written communication comprised of slides given out as part of a Non-Deal Road Show furnished pursuant to Item 7.01 of this Form 8-K.

SIGNATURE

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

Date: July, 26, 2011

Essex Property Trust, Inc.

By: /s/ Michael T. Dance

Michael T. Dance

Executive Vice President & Chief Financial Officer

EXHIBIT INDEX

Exhibit Number	Description
99.1	Written communication comprised of slides presented during investor meetings as part of a Non-Deal Road Show on July 26, 2011 and July 27, 2011 furnished pursuant to Item 7.01 of this Form 8-K.

EX-99.1

Exhibit 99.1

ESSEX PROPERTY TRUST

Millennium- Los Angeles, CA (438 units)

Acquired 2011

CREATING OPPORTUNITIES for GROWTH

Santee Court - Los Angeles, CA

416 on Broadway - Glendale, CA

Arbors at Parc Rose - Oxnard, CA

Muse - Los Angeles, CA

101 San Fernando - San Jose, CA

Essex Skyline, - Irvine, CA

EXTERNAL GROWTH

Since January 2010, Essex has acquired or developed over $1.2 billion in new investments

1	Corbella (169 units)
2	Elevation (157 units)
3	Courtyard off Main (109 units)
4	Joule (295 units)

5	Fourth & U (171 units)
6	Via (284 units)
7	Family Tree (121 units)
8	101 San Fernando (323 units)
9	The Commons (264 units)
10	Bella Villagio (231 units)

11	Arbors at Parc Rose (373 units)
12	Millennium (438 units)
13	Bellerive (63 units)
14	Allegro (96 units)
15	Muse (152 units)
16	416 on Broadway (115 units)
17	Orsini I & II (862 units)
18	Piero (225 units)
19	Reserve Lofts (79 units)
20	Santee Court (165 units)
20	Santee Village (73 units)
21	Anavia (250 units)
22	Madison Anaheim (768 units)
23	Skyline (349 units)

Seattle Area

Northern California

Southern California

3

4

5

6

1

2

3

7

8

9

10

11

12

13

15

14

16

23

17

19

Acquisitions ($884 mn)

Completed Development($265 mn)

Preferred Equity Investments($52 mn)

22

1971George Marcus forms Essex Property Corporation

1988Essex delivers 8 development communities under the name Summerhill Development

1994Prices IPO at $19.50 per share (6.3 million shares). Essex has ownership in 16 apartment
communities in the West Coast

1997Increases portfolio by 60%, acquiring 27 communities. Reaches $1 billion market
capitalization

2001Creates Essex Apartment Value Fund L.P. with approximately $700 million in investment
capability

2002Acquires John M. Sachs, Inc. through a merger and adds 18 communities to portfolio

2004Sells remaining Essex Fund I assets for $756 million, generating a 41% gross partnership IRR
and forms Essex Apartment Value Fund II with $750 million investment capacity

2010Michael Schall appointed new CEO. Company acquires 12 communities for $584 million
andachieves 42% one-year total shareholder return

CELEBRATING 40 YEARS ofEXCELLENCE

ACCOMPLISHMENTS

§Highest total return of any REIT since IPO - 1,882% (Source: SNL Financial)

§Cumulative Dividend paid in excess of $50 per share since IPO

§At IPO, Essex owned 16 multifamily properties (4,410 units); currently, Essex has ownership in

150 apartment communities (30,716 units)

§Total capitalization at IPO was $250 million; as of March 31, 2010, total capitalization was $6.7

billion

§IPO stock price was $19.50 a share, today the stock trades around $135 per share

4

2011 Guidance (updated May 5, 2011)

FFO Per Share Guidance
$5.50- $5.70
Earnings Per Share Guidance
$0.85 - $1.15
Same Property Revenue Growth (Midpoint)
4.2%
Same Property NOI Growth(Midpoint)
5.4%
Market Expectations		2011	2011	2011
		Market	Market	Market
		Job Growth	Rent Growth	Occupancy
Southern California		1.2%	4.9%	95.2%
Northern California		1.2%	4.9%	95.8%
Seattle Metro		1.7%	5.25%	95.25%
	Weighted Average	1.3%	5.0%	95.5%
US Economic Assumptions
GDP Growth of 2.5% to 3.0%
Job Growth of 1.3%
Targeted Acquisitions
$300 million - $500 million
Targeted Development Investment
$150 million related to finishing Via, starting Queen Anne and the Cadence Campus

5

ESSEX MARKET DYNAMICS

6

Anavia- Anaheim, CA

7

DEVELOPMENT TRACK RECORD

Over the past 25-years, we have delivered over 8,500 units through our development program

RECENT DEVELOPMENT AWARDS
2011	Fourth and U, Berkeley, CA	Gold Nugget, Award of Merit - Best Mixed-Use Project
2010	Eastlake 2851, Seattle, WA	Pillars of the Industry, Finalist - Best Garden Apartment Community
2010	The Grand, Oakland, CA	Pillars of the Industry, Finalist - Best High Rise Apartments (9+) stories
2010	Eastlake 2851, Seattle, WA	Gold Nugget, Award of Merit - Rental Apartments
2010	Joule, Seattle, WA	Gold Nugget, Award of Merit - Best Multifamily Project (4-6 stories)
2010	Belmont Station, Los Angeles, CA	Gold Nugget, Award of Merit - Best Multifamily Project over 6 stories
2010	Via, Sunnyvale, CA	Gold Nugget, Award of Merit - Best on the Boards Multifamily Projects (Best Plan)
2010	Belmont Station, Los Angeles, CA	Gold Nugget, Award of Merit - Best Affordable Project

ACTIVE DEVELOPMENT COMMUNITIES (Starting in 2011)

Fourth & U - Berkeley, CA

8

Northern California

Seattle

2

3

1) West Dublin - 309 units ($94.5 million)

2) Cadence Phase 1 - 280 units ($98.6 million)

3)Queen Anne - 275 units ($79.1 million)

1

REDEVELOPMENT

28 units added at Foothill Commons - Bellevue, WA

Before/After at Highridge - Rancho Palos Verdes, CA

Before/After at Elevation (Eagle Rim) - Redmond, WA

SAN JOSE

Via - Sunnyvale, CA

Family Tree - Santa Clara, CA

Bella Villagio - San Jose, CA

Cadence Campus - San Jose, CA

10

San Jose vs. U.S. Average Earnings Comparison
	SJ MSA		U.S.
	Average Wage	% of Total Jobs	Average Wage	% of Total Jobs
Construction	$73,144	4%	$50,268	4%
Manufacturing	$145,811	17%*	$68,393	9%
T.T.U	$68,868	15%	$45,227	19%
Information	$183,894	5%	$86,949	2%
Financial	$37,193	4%	$48,585	6%
Prof/Bus. Services	$92,283	19%	$57,552	13%
Other Services	$52,873	25%	$36,955	29%
Government	$84,500	11%	$62,914	18%
Weighted Average	$89,752		$50,784
Economy.com, 2011, Earnings for 2009 * Predominately technology related

Gap = 11% of
currentrents

11

SEATTLE

Joule - Seattle, WA

Queen Anne - Seattle, WA

Courtyard off Main - Bellevue, WA

Elevation (Eagle Rim) - Redmond, WA

Seattle vs. U.S. Average Earnings Comparison
	SEA MSA		U.S.
	Average Wage	% of Total Jobs	Average Wage	% of Total Jobs
Construction	$68,400	5%	$50,268	4%
Manufacturing	$92,793	11%	$68,393	9%
T.T.U	$56,441	18%	$45,227	19%
Information	$147,010	6%	$86,949	2%
Financial	$50,203	6%	$48,585	6%
Prof/Bus. Services	$68,726	14%	$57,552	13%
Other Services	$40,137	25%	$36,955	29%
Government	$68,678	15%	$62,914	18%
Weighted Average	$65,876		$50,784
*Economy.com, 2011, Earnings for 2009

Gap = 10% of
currentrents

13

LOS ANGELES

416on Broadway - Glendale, CA

Millennium, Los Angeles, CA

Bellerive, Los Angeles, CA

Los Angeles vs. U.S. Average Earnings Comparison
	LA MSA		U.S.
	Average Wage	% of Total Jobs	Average Wage	% of Total Jobs
Construction	$58,565	3%	$50,268	4%
Manufacturing	$73,593	10%	$68,393	9%
T.T.U	$50,381	20%	$45,227	19%
Information	$111,157	5%	$86,949	2%
Financial	$42,135	5%	$48,585	6%
Prof/Bus. Services	$64,705	14%	$57,552	13%
Other Services	$44,148	28%	$36,955	29%
Government	$75,353	15%	$62,914	18%
Weighted Average	$59,645		$50,784
*Economy.com, 2011, Earnings for 2009

Gap = 10% of
currentrents

15

ORANGE COUNTY

Axis 2300 - Irvine, CA

Essex Skyline - Santa Ana, CA

Anavia - Anaheim, CA

Orange Co. vs. U.S.  Average Earnings Comparison
	ORG MSA		U.S.
	Average Wage	% of Total Jobs	Average Wage	% of Total Jobs
Construction	$81,817	5%	$50,268	4%
Manufacturing	$80,612	11%	$68,393	9%
T.T.U	$59,061	18%	$45,227	19%
Information	$81,716	2%	$86,949	2%
Financial	$50,573	8%	$48,585	6%
Prof/Bus. Services	$64,251	18%	$57,552	13%
Other Services	$40,692	27%	$36,955	29%
Government	$74,187	11%	$62,914	18%
Weighted Average	$60,005		$50,784
*Economy.com, 2011, Earnings for 2009

Gap = 6% of
currentrents

17

NOTES

______________________________
______________________________
______________________________
______________________________
______________________________
______________________________
______________________________
______________________________
______________________________
______________________________
______________________________
______________________________
______________________________
______________________________

18