Maryland
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77-0369576
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(State or Other Jurisdiction of Incorporation)
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(I.R.S. Employer Identification No.)
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d2(b))
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o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
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99.1
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Written communication comprised of slides given out at the 2011 Zelman Housing Summit and the BMO Capital Markets North American Real Estate Conference furnished pursuant to Item 7.01 of this Form 8-K.
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Essex Property Trust, Inc.
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By:/s/ Michael T. Dance
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Michael T. Dance
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Executive Vice President & Chief Financial Officer
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Exhibit
Number |
Description
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Written communication comprised of slides shown during a presentation for the 2011 Zelman Housing Summit and the BMO Capital Markets North American Real Estate Conference on September 20, 2011 and September 22, 2011 furnished pursuant to Item 7.01 of this Form 8-K.
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1
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Corbella (169 units)
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2
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Elevation (157 units)
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3
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Courtyard off Main (109 units)
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4
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Joule (295 units)
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5
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The Bernard (63 units)
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6
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Fourth & U (171 units)
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7
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Via (284 units)
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8
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Family Tree (121 units)
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9
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101 San Fernando (323 units)
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10
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The Commons (264 units)
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11
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Bella Villagio (231 units)
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12
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Arbors at Parc Rose (373 units)
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13
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Millennium (438 units)
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14
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Bellerive (63 units)
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15
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Allegro (96 units)
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16
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Muse (152 units)
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17
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416 on Broadway (115 units)
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18
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Orsini I & II (862 units)
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19
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Piero (225 units)
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20
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Reserve Lofts (79 units)
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21
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Santee Court (165 units)
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21
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Santee Village (73 units)
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22
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Anavia (250 units)
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23
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Madison Anaheim (768 units)
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24
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Skyline (349 units)
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FFO Per Share Guidance
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$5.58- $5.73
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Same Property NOI Growth (Midpoint)
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6.0%
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Market Expectations
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2011
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2011
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2011
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Market
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Market
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Market
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Job Growth
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Rent Growth
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Occupancy
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Southern California
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0.9%
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5.0%
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95.2%
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Northern California
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1.3%
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8.7%
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96.3%
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Seattle Metro
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2.0%
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9.0%
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95.5%
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Weighted Average
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1.1%
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7.5%
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95.7%
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US Economic Assumptions
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GDP Growth of 2.0%
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Job Growth of 1.1%
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Targeted Acquisitions
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$300 million - $500 million
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Targeted Development
Investment |
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$150 million related to finishing Via, starting Queen Anne and the Cadence Campus
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RECENT DEVELOPMENT AWARDS
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2011
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Fourth and U, Berkeley, CA
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Gold Nugget, Award of Merit - Best Mixed-Use Project
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2010
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Eastlake 2851, Seattle, WA
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Pillars of the Industry, Finalist - Best Garden Apartment Community
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2010
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The Grand, Oakland, CA
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Pillars of the Industry, Finalist - Best High Rise Apartments (9+) stories
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2010
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Eastlake 2851, Seattle, WA
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Gold Nugget, Award of Merit - Rental Apartments
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2010
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Joule, Seattle, WA
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Gold Nugget, Award of Merit - Best Multifamily Project (4-6 stories)
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2010
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Belmont Station, Los Angeles, CA
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Gold Nugget, Award of Merit - Best Multifamily Project over 6 stories
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2010
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Via, Sunnyvale, CA
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Gold Nugget, Award of Merit - Best on the Boards Multifamily Projects (Best Plan)
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2010
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Belmont Station, Los Angeles, CA
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Gold Nugget, Award of Merit - Best Affordable Project
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SJ MSA
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U.S.
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|||
Average
Wage |
% of
Total Jobs |
Average
Wage |
% of
Total Jobs |
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$73,144
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4%
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$50,268
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4%
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$145,811
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17%*
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$68,393
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9%
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$68,868
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15%
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$45,227
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19%
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$183,894
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5%
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$86,949
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2%
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$37,193
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4%
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$48,585
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6%
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$92,283
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19%
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$57,552
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13%
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$52,873
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25%
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$36,955
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29%
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$84,500
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11%
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$62,914
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18%
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$89,752
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$50,784
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% of
Total Jobs |
||||
4%
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||||
9%
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||||
19%
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||||
2%
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||||
6%
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||||
13%
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||||
29%
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||||
18%
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||||
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||||
LA MSA
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U.S.
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|||
Average
Wage |
% of
Total Jobs |
Average
Wage |
% of
Total Jobs |
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$58,565
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3%
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$50,268
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4%
|
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$73,593
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10%
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$68,393
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9%
|
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$50,381
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20%
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$45,227
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19%
|
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$111,157
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5%
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$86,949
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2%
|
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$42,135
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5%
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$48,585
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6%
|
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$64,705
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14%
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$57,552
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13%
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$44,148
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28%
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$36,955
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29%
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$75,353
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15%
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$62,914
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18%
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$59,645
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$50,784
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ORG MSA
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U.S.
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|||
Average
Wage |
% of
Total Jobs |
Average
Wage |
% of
Total Jobs |
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$81,817
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5%
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$50,268
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4%
|
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$80,612
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11%
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$68,393
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9%
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$59,061
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18%
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$45,227
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19%
|
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$81,716
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2%
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$86,949
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2%
|
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$50,573
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8%
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$48,585
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6%
|
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$64,251
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18%
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$57,552
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13%
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$40,692
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27%
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$36,955
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29%
|
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$74,187
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11%
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$62,914
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18%
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$60,005
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$50,784
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