Exhibit 99.2

Q3 2012 Supplemental

Table of Contents

	Page
Consolidated Operating Results	S-1 – S-2
Consolidated Funds From Operations	S-3
Consolidated Balance Sheets	S-4
Debt Summary – September 30, 2012	S-5
Capitalization Data, Public Bond Covenants, Credit Ratings, and Selected Debt Ratios – September 30, 2012	S-6
Property Operating Results – Quarters ended September 30, 2012 and 2011	S-7
Property Operating Results – Nine months ended September 30, 2012 and 2011 S-	S-7.1
Revenue by County – Quarters ended September 30, 2012, September 30, 2011 and June 30, 2012	S-8
Revenue by County – Nine months ended September 30, 2012 and 2011	S-8.1
Development Pipeline – September 30, 2012	S-9
Redevelopment Pipeline and Capital Expenditures – September 30, 2012	S-10
Co-Investments – September 30, 2012	S-11
Summary of Consolidated Co-Investments and Noncontrolling Interest – September 30, 2012	S-12
Income From Discontinued Operations and Selected Financial Data – September 30, 2012	S-13
Assumptions for 2012 FFO Guidance Range	S-14
Summary of Apartment Community Acquisitions and Dispositions Activity	S-15
Preliminary 2013 MSA Level Forecasts: Supply, Jobs and Apartment Market Conditions	S-16
New Residential Supply Data	S-17
Exhibit A - Property List by Region	1 - 3

E S S E X  P R O P E R T Y  T R U S T, I N C.

Consolidated Operating Results	Three Months Ended						Nine Months Ended
(Dollars in thousands, except per share amounts)	September 30,						September 30,
	2012			2011			2012			2011
Revenues:
Rental and other property	$	135,070		$	117,226		$	390,308		$	343,340
Management and other fees		3,072			1,940			8,312			4,585
		138,142			119,166			398,620			347,925
Expenses:
Property operating		45,309			40,850			127,891			119,045
Depreciation		43,041			37,881			125,575			111,786
General and administrative		5,276			4,966			16,440			15,626
Cost of management and other fees		1,642			1,164			4,893			3,161
		95,268			84,861			274,799			249,618
Earnings from operations		42,874			34,305			123,821			98,307
Interest expense before amortization		(25,064	)		(22,096	)		(74,380	)		(66,612	)
Amortization expense		(2,927	)		(2,936	)		(8,681	)		(8,527	)
Interest and other income		3,003			2,741			10,869			12,357
Equity income (loss) from co-investments		3,547			317			8,998			(330	)
Gain on remeasurement of co-investment		-			-			21,947			-
Loss on early retirement of debt		(1,211	)		(567	)		(2,661	)		(820	)
Income before discontinued operations		20,222			11,764			79,913			34,375
Income from discontinued operations		-			(679	)		10,037			5,273
Net income		20,222			11,085			89,950			39,648
Net income attributable to noncontrolling interest		(2,635	)		(2,031	)		(9,827	)		(7,882	)
Net income attributable to controlling interest		17,587			9,054			80,123			31,766
Dividends to preferred stockholders		(1,368	)		(1,367	)		(4,104	)		(3,385	)
Excess of cash paid to redeem preferred stock
and units over the carrying value		-			-			-			(1,949	)
Net income available to common stockholders	$	16,219		$	7,687		$	76,019		$	26,432
Net income per share - basic	$	0.46		$	0.23		$	2.19		$	0.82
Net income per share - diluted	$	0.45		$	0.23		$	2.18		$	0.82

See Company's 10-Q for additional disclosures

S-1

E S S E X  P R O P E R T Y  T R U S T, I N C.

Consolidated Operating Results	Three Months Ended						Nine Months Ended
Selected Line Item Detail	September 30,						September 30,
(Dollars in thousands)	2012			2011			2012			2011
Rental and other property
Rental	$	126,076		$	109,185		$	363,731		$	319,951
Other property		8,994			8,041			26,577			23,389
Rental and other property	$	135,070		$	117,226		$	390,308		$	343,340
Management and other fees
Management	$	2,154		$	1,309		$	6,193		$	3,650
Development and redevelopment		918			631			2,119			935
Management and other fees	$	3,072		$	1,940		$	8,312		$	4,585
Property operating expenses
Real estate taxes	$	12,358		$	11,208		$	35,470		$	32,619
Administrative and insurance		10,722			9,361			30,761			28,207
Maintenance and repairs		9,851			8,948			26,774			25,224
Utilities		9,184			8,313			25,402			24,119
Property management		3,194			3,020			9,484			8,876
Property operating expenses	$	45,309		$	40,850		$	127,891		$	119,045
General and administrative
General and administrative	$	11,635		$	10,494		$	35,283		$	32,130
Allocated to cost of management and other fees		(1,642	)		(1,164	)		(4,893	)		(3,161	)
Allocated to property operating expenses - administrative		(3,194	)		(3,020	)		(9,484	)		(8,876	)
Capitalized to real estate		(1,523	)		(1,344	)		(4,466	)		(4,467	)
Net general and administrative	$	5,276		$	4,966		$	16,440		$	15,626
Interest and other income
Marketable securities and other interest income	$	2,110		$	1,475		$	5,260		$	4,380
Notes receivable		893			1,086			2,789			3,254
Co-investment promote fee		-			-			2,299			-
Gain from sale of marketable securities		-			-			521			4,543
Gain on sale of land		-			180			-			180
Interest and other income	$	3,003		$	2,741		$	10,869		$	12,357
Equity income (loss) from co-investments
Equity loss from co-investments	$	(13	)	$	(1,536	)	$	(1,042	)	$	(3,364	)
Income from preferred equity investments		3,560			934			10,040			2,115
Gain on sale of co-investment		-			919			-			919
Equity income (loss) from co-investments	$	3,547		$	317		$	8,998		$	(330	)
Noncontrolling interest
Limited partners of Essex Portfolio, L.P.	$	1,077		$	583		$	5,169		$	2,201
DownREIT limited partners' distributions		1,095			1,016			3,293			3,136
Perpetual preferred distributions		-			-			-			1,650
Third-party ownership interest		463			432			1,365			895
Noncontrolling interest	$	2,635		$	2,031		$	9,827		$	7,882

See Company's 10-Q for additional disclosures

S-2

E S S E X  P R O P E R T Y  T R U S T, I N C.

Consolidated Funds From Operations	Three Months Ended									Nine Months Ended
(Dollars in thousands, except share and per share amounts)	September 30,									September 30,
	2012			2011			% Change			2012			2011			% Change
Funds from operations
Net income available to common stockholders	$	16,219		$	7,687					$	76,019		$	26,432
Adjustments:
Depreciation		43,041			38,137						125,669			112,678
Gains not included in FFO, net of internal disposition costs (1)		-			880						(31,730	)		(4,384	)
Depreciation add back from unconsolidated co-investments, and add back convertible preferred dividend - Series G		3,352			3,502						11,104			8,498
Noncontrolling interest related to Operating Partnership units		1,077			583						5,169			2,201
Depreciation attributable to noncontrolling interest		(312	)		(266	)					(904	)		(790	)
Funds from operations	$	63,377		$	50,523					$	185,327		$	144,635
FFO per share-diluted	$	1.67		$	1.43			17.1	%	$	4.99		$	4.19			19.3	%
Components of the change in FFO
Non-core items:
Loss on early retirement of debt		1,211			567						2,661			820
Acquisition costs		277			210						775			1,050
Co-investment promote income		-			-						(2,299	)		-
Gain on sales of marketable securities		-			-						(521	)		(4,543	)
Gain on sale of co-investment		-			(919	)					-			(919	)
Gain on sale of land		-			(180	)					-			(180	)
Excess of cash paid to redeem preferred stock and units over the carrying value		-			-						-			1,949
Core funds from operations		64,865			50,201						185,943			142,812
Core FFO per share-diluted	$	1.71		$	1.42			20.6	%	$	5.01		$	4.13			21.2	%
Changes in core items:
Same-property NOI	$	6,824								$	21,405
Non-same property NOI		6,561									16,717
Management and other fees		1,132									3,727
Equity income (loss) from co-investments		3,999									12,853
Interest and other income		442									415
Interest and amortization expense		(2,959	)								(7,922	)
General and administrative		(243	)								(1,089	)
Cost of management and other fees		(478	)								(1,732	)
Perpetual preferred distributions		-									1,650
Dividends to preferred stockholders		(1	)								(719	)
Discontinued operations		(457	)								(1,433	)
Other items, net		(156	)								(741	)
	$	14,664								$	43,131
Weighted average number of shares outstanding diluted (2)		37,969,407			35,437,693						37,108,021			34,537,774

(1) In Q1 2012 the gain from the sale of two communities is net of costs related to a disposition incentive program attributable to the sale of certain communties and selling expenses.No internal disposition cost were recorded in Q3 2012.

(2) Assumes conversion of the weighted average operating partnership interests in the Operating Partnership into shares of the Company's common stock.

See Company's 10-Q for additional disclosures

S-3

E S S E X  P R O P E R T Y  T R U S T, I N C.

Consolidated Balance Sheets
(Dollars in thousands)
	September 30, 2012			December 31, 2011
Real Estate:
Land and land improvements	$	934,282		$	860,661
Buildings and improvements		3,823,382			3,452,403
		4,757,664			4,313,064
Less:  accumulated depreciation		(1,037,663	)		(920,026	)
		3,720,001			3,393,038
Real estate for development		60,020			44,280
Co-investments		477,967			383,412
		4,257,988			3,820,730
Cash and cash equivalents		26,877			35,463
Marketable securities		141,573			74,275
Notes and other receivables		50,316			66,369
Other assets		57,918			40,127
Total assets	$	4,534,672		$	4,036,964
Mortgage notes payable	$	1,571,821		$	1,745,858
Unsecured debt		962,008			465,000
Lines of credit		61,872			150,000
Other liabilities		146,357			114,968
Derivative liabilities		7,174			3,061
Total liabilities		2,749,232			2,478,887
Cumulative convertible preferred stock, carrying value		4,349			4,349
Stockholders' equity and noncontrolling interest:
Common stock		3			3
Cumulative redeemable preferred stock, liquidation value		73,750			73,750
Additional paid-in-capital		2,116,531			1,844,611
Distributions in excess of accumulated earnings		(448,142	)		(408,066	)
Accumulated other comprehensive loss		(76,449	)		(72,771	)
Total stockholders' equity		1,665,693			1,437,527
Noncontrolling interest		115,398			116,201
Total stockholders' equity and noncontrolling interest		1,781,091			1,553,728
Total liabilities and equity	$	4,534,672		$	4,036,964

See Company's 10-Q for additional disclosures

S-4

E S S E X  P R O P E R T Y  T R U S T, I N C.

Debt Summary - September 30, 2012

(Dollars in thousands)

						Scheduled principal payments (excludes lines of credit)
	Percentage			Weighted Average									Percentage
	of Total	Balance		Interest	Maturity		Balance Outstanding						of Total
	Debt	Outstanding		Rate	In Years		Secured		Unsecured			Total	Debt
Mortgage Notes Payable
Fixed rate - secured	53%	$	1,369,685	6.0%	6.1	2012	$	-	$	-	$	-	-
Variable rate - secured (1)	8%		202,136	1.9%	19.1	2013		40,546		-		40,546	1.6%
Total mortgage notes payable	61%		1,571,821	5.4%	7.8	2014		65,715		-		65,715	2.6%
						2015		69,283		-		69,283	2.7%
Unsecured Debt						2016		12,721		350,000		362,721	14.3%
Bonds private placement - fixed rate	18%		465,000	4.4%	6.5	2017		145,895		40,000		185,895	7.3%
Bonds public offering - fixed rate	11%		297,008	3.6%	9.9	2018		296,099		-		296,099	11.7%
Term loan (2)	8%		200,000	2.7%	4.1	2019		187,096		75,000		262,096	10.3%
	37%		962,008	3.8%	7.0	2020		408,453		-		408,453	16.1%
Unsecured Lines of Credit						2021		48,296		200,000		248,296	9.8%
Line of credit (3)	2%		58,000	2.3%		2022		-		297,008		297,008	11.7%
Line of credit (4)	-		3,872	2.3%		Thereafter		297,717		-		297,717	11.7%
Total lines of credit	2%		61,872	2.3%
						Total	$	1,571,821	$	962,008	$	2,533,829	100.0%
Total debt	100%	$	2,595,701	4.8%

Capitalized interest for the three months and nine months ended September 30, 2012 was approximately $2.8 million and $6.8 million, respectively.

(1)  $202.1 million of the variable rate debt is tax exempt to the note holders, and $187.8 million of the tax exempt debt is subject to interest rate protection agreements.

(2)  The unsecured term loan has a variable interest rate of LIBOR plus 1.30%, and in July 2012 the capacity of the term loan was expanded to $350 million.  The Company has entered into interest rate swap contracts for a term of five years with a notional amount totaling $300 million, which effectively converts the interest rate on $300 million of the term loan to a fixed rate of 2.39%.  During October the Company drew an additional $150 million in the term loan and is now fully drawn at $350 million.

(3)  The unsecured line of credit facility is $500 million with an accordion to $600 million.  The line matures in December 2015 with two one-year extensions, exercisable at the Company's option.  The underlying interest rate on this line is based on a tiered rate structure tied to the Company's corporate ratings and is currently at LIBOR plus 1.20%.

(4)  The unsecured line of credit facility is $25 million and matures in January 2014 with a one-year extension, exercisable at the Company's option.  The underlying interest rate on this line is based on a tiered rate structure tied to the Company's corporate ratings and is currently at LIBOR plus 1.20%.

See Company's 10-Q for additional disclosures

S-5

E S S E X  P R O P E R T Y  T R U S T, I N C.

Capitalization Data, Public Bond Covenants, Credit Ratings and Selected Credit Ratios - September 30, 2012

(Dollars and shares in thousands, except per share amounts)

Capitalization Data				Public Bond Covenants	Actual			Requirement
Total debt	$	2,595,701
				Debt to Total Assets:		47	%	< 65%
Common stock and potentially dilutive securities
Common stock outstanding		35,714
Limited partnership units (1)		2,234
Options-treasury method		150		Secured Debt to Total Assets:		28	%	< 40%
Total share of common stock and potentially dilutive securities		38,098
Common stock price per share as of September 30, 2012	$	148.24
				Interest Coverage		327	%	> 150%
Market value of common stock and potentially dilutive securities	$	5,647,648
Preferred stock	$	73,079		Unsecured Debt Ratio (1) :		294	%	> 150%
Total equity capitalization	$	5,720,727
				Selected Credit Ratios	Actual
Total market capitalization	$	8,316,428
Ratio of debt to total market capitalization		31.2	%	Indebtedness Divided by Adjusted EBITDA (2):		7.0	x
(1) Assumes conversion of all outstanding operating partnership interests in the Operating Partnership into shares of the Company's common stock.				Unencumbered NOI to Total NOI:		54	%

			(1) Unsecured Debt Ratio is unsecured assets excluding investments in joint ventures
Credit Ratings			divided by unsecured indebetedness.
Rating Agency	Rating	Outlook
			(2) Adjusted EBITDA is annualized current quarter NOI adjusted for non-
Fitch	BBB	Positive	recurring items and proforma NOI for current quarter acquisitions.
Moody's	Baa2	Stable
Standard & Poors	BBB	Stable

See Company's 10-Q for additional disclosures

S-6

E S S E X  P R O P E R T Y  T R U S T, I N C.

Property Operating Results - Quarters ended September 30, 2012 and 2011

(Dollars in thousands, except per unit amounts)

	Southern California									Northern California									Seattle Metro									Other real estate assets (1)				Total
	2012			2011			% Change			2012			2011			% Change			2012			2011			% Change			2012		2011		2012			2011			% Change
Revenues:
Same-property revenue	$	57,223		$	54,690			4.6	%	$	40,427		$	36,724			10.1	%	$	21,542		$	19,762			9.0	%	$	-	$	-	$	119,192		$	111,176			7.2	%
Non-same property revenue (2)		7,116			1,479						3,178			1,033						2,561			768						3,023		2,770		15,878			6,050
Total Revenues	$	64,339		$	56,169					$	43,605		$	37,757					$	24,103		$	20,530					$	3,023	$	2,770	$	135,070		$	117,226
Property operating expenses:
Same-property operating expenses
Real estate taxes	$	4,831		$	4,780					$	3,867		$	3,832					$	1,779		$	1,711					$	-	$	-	$	10,477		$	10,323			1.5	%
Administrative and insurance		5,334			5,161						2,951			2,719						1,752			1,684						-		-		10,037			9,564			4.9	%
Maintenance and repairs		4,401			4,334						2,752			2,685						1,668			1,564						-		-		8,821			8,583			2.8	%
Utilities		3,711			3,644						2,707			2,525						1,771			1,715						-		-		8,189			7,884			3.9	%
Management fees		1,353			1,350						843			824						604			604						-		-		2,800			2,778			0.8	%
Total same-property operating expenses		19,630			19,269			1.9	%		13,120			12,585			4.3	%		7,574			7,278			4.1	%		-		-	$	40,324		$	39,132			3.0	%
Non-same property operating expenses (2)		2,777			661						913			483						811			288						484		286		4,985			1,718
Total property operating expenses	$	22,407		$	19,930					$	14,033		$	13,068					$	8,385		$	7,566					$	484	$	286	$	45,309		$	40,850
Net operating income (NOI):
Same-property NOI	$	37,593		$	35,421			6.1	%	$	27,307		$	24,139			13.1	%	$	13,968		$	12,484			11.9	%	$	-	$	-	$	78,868		$	72,044			9.5	%
Non-same property NOI (2)
Redevelopment communities		-			-						-			-						517			453						-		-		517			453
Acquired communities - 2012 (3)		2,744			-						341			-						639			-						-		-		3,724			-
Acquired communities - 2011 (4)		-			-						484			446						594			27										1,078			473
Development communities (5)		1,595			818						1,440			104						-			-						-		-		3,035			922
Other real estate assets (1)		-			-						-			-						-			-						2,539		2,484		2,539			2,484
Total non-same property NOI		4,339			818						2,265			550						1,750			480						2,539		2,484		10,893			4,332
Total NOI	$	41,932		$	36,239					$	29,572		$	24,689					$	15,718		$	12,964					$	2,539	$	2,484	$	89,761		$	76,376
Same-property operating margin		66	%		65	%					68	%		66	%					65	%		63	%									66	%		65	%
Annualized same-property turnover percentage		63	%		63	%					61	%		66	%					66	%		67	%									63	%		64	%
Average same-property concessions per turn (6)	$	93		$	134					$	127		$	137					$	84		$	94									$	100		$	127
Reconciliation of apartment units at end of period
Same-property apartment units		12,556									7,701									5,743													26,000
Consolidated apartment units		13,656			13,204						8,332			7,817						6,508			6,042										28,496			27,063
Joint venture		1,560			1,908						2,051			1,575						1,530			1,530										5,141			5,013
Under development		492			187						1,728			873						275			275										2,495			1,335
Total apartment units at end of period		15,708			15,299						12,111			10,265						8,313			7,847										36,132			33,411
Percentage of total		43	%		46	%					34	%		31	%					23	%		23	%									100	%		100	%
Average same-property financial occupancy		95.9	%		95.2	%					96.5	%		95.8	%					95.6	%		94.6	%									96.1	%		95.3	%

(1) Other real estate assets consists mainly of retail space, commercial properties, and boat slips and their operating results are classified in non-same property results.

(2) Includes properties which subsequent to January 1, 2011 were either acquired or in a stage of development or redevelopment without stabilized operations.

(3) Acquired communities during 2012 includes Reed Square, Park Catalina, The Huntington, Essex Skyline at MacArthur Place, Montebello, Park West and Domaine.

(4) Acquired communities during 2011 includes 1000 Kiely, Bernard and Delano (which includes Bon Terra acquired in Janaury 2012, but results are included as part of Delano).

(5) Development communities include Allegro, Bellerive, Muse, Santee Village and Via.

(6) Average same-property concessions per turn is the dollar amount per unit resulting from the same-property concessions divided by the product of the same property turnover percentage for the quarter times the same-property apartment units.

See Company's 10-Q for additional disclosures

S-7

E S S E X  P R O P E R T Y  T R U S T, I N C.

Property Operating Results - Nine Months ended September 30, 2012 and 2011

(Dollars in thousands, except per unit amounts)

	Southern California									Northern California									Seattle Metro									Other real estate assets (1)				Total
	2012			2011			% Change			2012			2011			% Change			2012			2011			% Change			2012		2011		2012			2011			% Change
Revenues:
Same-property revenue	$	169,850		$	162,928			4.2	%	$	118,654		$	107,983			9.9	%	$	63,395		$	58,354			8.6	%			$	-	$	351,899		$	329,265			6.9	%
Non-same property revenue (2)		14,405			2,434						9,143			1,641						5,685			2,142						9,176		7,858		38,409			14,075
Total Revenues	$	184,255		$	165,362					$	127,797		$	109,624					$	69,080		$	60,496					$	9,176	$	7,858	$	390,308		$	343,340
Property operating expenses:
Same-property operating expenses
Real estate taxes	$	14,298		$	14,167					$	11,367		$	11,264					$	5,338		$	5,143					$	-	$	-	$	31,003		$	30,574			1.4	%
Administrative and insurance		15,296			15,151						8,118			7,849						4,946			4,912						-		-		28,360			27,912			1.6	%
Maintenance and repairs		11,895			11,979						7,835			7,610						4,637			4,572						-		-		24,367			24,161			0.9	%
Utilities		10,481			10,659						7,720			7,562						5,067			4,961						-		-		23,268			23,182			0.4	%
Management fees		4,057			4,048						2,516			2,466						1,813			1,812						-		-		8,386			8,326			0.7	%
Total same-property operating expenses		56,027			56,004			0.0	%		37,556			36,751			2.2	%		21,801			21,400			1.9	%		-		-		115,384			114,155			1.1	%
Non-same property operating expenses (2)		5,359			1,561						2,501			745						1,888			801						2,759		1,783		12,507			4,890
Total property operating expenses	$	61,386		$	57,565					$	40,057		$	37,496					$	23,689		$	22,201					$	2,759	$	1,783	$	127,891		$	119,045
Net operating income (NOI):
Same-property NOI	$	113,823		$	106,924			6.5	%	$	81,098		$	71,232			13.9	%	$	41,594		$	36,954			12.6	%	$	-	$	-	$	236,515		$	215,110			10.0	%
Non-same property NOI (2)
Redevelopment communities		-			-						-			-						1,473			1,314						-		-		1,473			1,314
Acquired communities - 2012 (3)		4,327			-						773			-						640			-						-		-		5,740			-
Acquired communities - 2011 (4)		-			-						1,514			790						1,684			27						-		-		3,198			817
Development communities (5)		4,719			873						4,355			106						-			-						-		-		9,074			979
Other real estate assets (1)		-			-						-			-						-			-						6,417		6,075		6,417			6,075
Total non-same property NOI		9,046			873						6,642			896						3,797			1,341						6,417		6,075		25,902			9,185
Total NOI	$	122,869		$	107,797					$	87,740		$	72,128					$	45,391		$	38,295					$	6,417	$	6,075	$	262,417		$	224,295
Same-property operating margin		67	%		66	%					68	%		66	%					66	%		63	%									67	%		65	%
Annualized same-property turnover percentage		55	%		52	%					53	%		51	%					52	%		50	%									54	%		51	%
Average same-property concessions per turn (6)	$	127		$	226					$	122		$	183					$	106		$	109									$	121		$	192
Average same-property financial occupancy		96.2	%		96.0	%					96.8	%		96.7	%					96.2	%		96.0	%									96.4	%		96.2	%

(1)  Other real estate assets consists mainly of retail space, commercial properties, and boat slips and their operating results are classified in non-same property results.

(2)  Includes properties which subsequent to January 1, 2011 were either acquired or in a stage of development or redevelopment without stabilized operations.

(3)  Acquired communities during 2012 includes Reed Square, Park Catalina, The Huntington, Essex Skyline at MacArthur Place, Montebello, Park West and Domaine.

(4)  Acquired communities during 2011 includes 1000 Kiely, Bernard and Delano (which includes Bon Terra acquired in Janaury 2012, but results are included as part of Delano).

(5)  Development communities include Allegro, Bellerive, Muse, Santee Village and Via.

(6)  Average same-property concessions per turn is the dollar amount per unit resulting from the same-property concessions divided by the product of the same property turnover percentage for the quarter times the same-property apartment units.

See Company's 10-Q for additional disclosures

S-7.1

E S S E X  P R O P E R T Y  T R U S T, I N C.

Revenue by County - Quarters ended September 30, 2012, September 30, 2011 and June 30, 2012

(Dollars in thousands)                                                                                                            

			Average Property Rental Rates									Three months ended  September 30, 2012						Three months ended  September 30, 2011
Region	Units		QTD 2012			QTD 2011			% Change			Property Revenue			Financial Occupancy			Property Revenue			Financial Occupancy			Property Revenue % Change			Property Revenue June 30, 2012		Sequential % Change
Southern California
Los Angeles County		4,420		$	1,692		$	1,607		5.3	%		$	22,839		96.1	%		$	21,546		95.8	%		6.0	%	$	22,443		1.8	%
Ventura County		2,898			1,364			1,326		2.9	%			12,207		96.6	%			11,707		95.1	%		4.3	%		12,040		1.4	%
San Diego County		2,213			1,200			1,172		2.4	%			8,180		96.0	%			8,023		95.9	%		2.0	%		8,108		0.9	%
Orange County		2,402			1,615			1,557		3.7	%			11,718		96.3	%			11,304		96.2	%		3.7	%		11,536		1.6	%
Santa Barbara County		347			1,664			1,675		-0.7	%			1,614		86.1	%			1,506		80.7	%		7.2	%		1,678		-3.8	%
Riverside County		276			793			763		3.9	%			665		95.8	%			604		91.6	%		10.1	%		632		5.2	%
Total same-property		12,556			1,494			1,439		3.8	%			57,223		95.9	%			54,690		95.2	%		4.6	%		56,437		1.4	%
Los Angeles County		475			2,123									2,866						1,479
Orange County		625			2,869									4,250						-
Non-same property		1,100			2,584									7,116						1,479
Northern California
Santa Clara County		3,266			1,824			1,634		11.6	%			18,015		96.7	%			16,209		96.7	%		11.1	%		17,499		2.9	%
Contra Costa County		1,720			1,626			1,523		6.8	%			8,470		96.1	%			7,862		95.3	%		7.7	%		8,304		2.0	%
Alameda County		1,542			1,528			1,433		6.6	%			7,370		96.9	%			6,782		95.0	%		8.7	%		7,209		2.2	%
San Mateo County		768			1,877			1,658		13.2	%			4,425		97.1	%			3,879		96.0	%		14.1	%		4,290		3.1	%
San Francisco MSA		175			2,081			1,911		8.9	%			1,083		95.7	%			994		95.9	%		9.0	%		1,042		3.9	%
Other		230			1,561			1,525		2.4	%			1,064		92.2	%			998		89.7	%		6.6	%		1,076		-1.1	%
Total same-property		7,701			1,724			1,574		9.5	%			40,427		96.5	%			36,724		95.8	%		10.1	%		39,420		2.6	%
Santa Clara County		631			1,827									3,178						1,033
Non-same property		631			1,827									3,178						1,033
Seattle Metro
King County		5,278			1,219			1,131		7.8	%			20,248		95.6	%			18,603		94.8	%		8.8	%		19,821		2.2	%
Snohomish County		465			889			815		9.1	%			1,294		95.6	%			1,159		93.7	%		11.6	%		1,239		4.4	%
Total same-property		5,743			1,192			1,105		7.9	%			21,542		95.6	%			19,762		94.6	%		9.0	%		21,060		2.3	%
King County		765			1,471									2,561						768
Non-same property		765			1,471									2,561						768
Other real estate assets														3,023						2,770
Total same-property revenue		26,000		$	1,495		$	1,406		6.4	%		$	119,192		96.1	%		$	111,176		95.3	%		7.2	%	$	116,917		2.0	%
Total non-same property revenue		2,496		$	1,938								$	15,878					$	6,050

See Company's 10-Q for additional disclosures

S-8

E S S E X  P R O P E R T Y  T R U S T, I N C.

Revenue by County - Nine Months ended September 30, 2012 and 2011

(Dollars in thousands)

			Average Property Rental Rates							Nine months ended September 30, 2012					Nine months ended September 30, 2011
Region	Units		YTD 2012		YTD 2011		% Change			Property Revenue		Financial Occupancy			Property  Revenue		Financial Occupancy			Property  Revenue % Change
Southern California
Los Angeles County		4,420	$	1,665	$	1,586		5.0	%	$	67,610		96.5	%	$	63,998		96.1	%		5.6	%
Ventura County		2,898		1,351		1,312		3.0	%		36,266		96.5	%		35,014		96.1	%		3.6	%
San Diego County		2,213		1,190		1,157		2.9	%		24,378		96.1	%		23,791		96.4	%		2.5	%
Orange County		2,402		1,594		1,542		3.4	%		34,720		96.1	%		33,215		95.9	%		4.5	%
Santa Barbara County		347		1,667		1,667		0.0	%		4,963		91.4	%		5,039		92.6	%		-1.5	%
Riverside County		276		785		749		4.8	%		1,913		92.7	%		1,871		94.1	%		2.2	%
Total same-property		12,556		1,476		1,423		3.7	%		169,850		96.2	%		162,928		96.0	%		4.2	%
Los Angeles County		475		2,088							7,663					2,434
Orange County		625		2,401							6,742					-
Non-same property		1,100		2,177							14,405					2,434
Northern California
Santa Clara County		3,266		1,765		1,573		12.2	%		52,621		97.1	%		47,072		97.3	%		11.8	%
Contra Costa County		1,720		1,595		1,484		7.5	%		25,022		96.2	%		23,191		96.1	%		7.9	%
Alameda County		1,542		1,501		1,405		6.8	%		21,735		96.7	%		20,202		96.1	%		7.6	%
San Mateo County		768		1,808		1,616		11.9	%		12,880		97.3	%		11,472		97.1	%		12.3	%
San Francisco MSA		175		2,014		1,883		7.0	%		3,171		96.0	%		2,958		96.0	%		7.2	%
Other		230		1,540		1,507		2.2	%		3,225		95.6	%		3,088		94.8	%		4.4	%
Total same-property		7,701		1,677		1,529		9.7	%		118,654		96.8	%		107,983		96.7	%		9.9	%
Santa Clara County		631		1,732							9,143					1,641
Non-same property		631		1,732							9,143					1,641
Seattle Metro
King County		5,278		1,187		1,096		8.3	%		59,621		96.4	%		54,887		96.1	%		8.6	%
Snohomish County		465		866		793		9.2	%		3,774		94.6	%		3,467		95.1	%		8.9	%
Total same-property		5,743		1,161		1,072		8.3	%		63,395		96.2	%		58,354		96.0	%		8.6	%
King County		765		1,395							5,685					2,142
Non-same property		765		1,395							5,685					2,142
Other real estate assets											9,176					7,858
Total same-property revenue		26,000	$	1,466	$	1,377		6.5	%	$	351,899		96.4	%	$	329,265		96.2	%		6.9	%
Total non-same property revenue		2,496	$	1,821						$	38,409				$	14,075

See Company's 10-Q for additional disclosures

S-8.1

E S S E X  P R O P E R T Y  T R U S T, I N C.

Development Pipeline - September 30, 2012

(Dollars in millions)

		Ownership %			Estimated Units		Estimated retail sq. feet		Incurred to Date		Remaining Costs		Estimated Total Cost		Construction Start	Initial Occupancy	Stabilized Operations
Development Projects - Consolidated
Project Name	Location
64th & Christie	Emeryville, CA		100	%		190		-	$	13.4	$	44.8	$	58.2	Jul-12	Aug-14	Feb-15
Valley Village	Valley Village, CA		(1	)		121		-		1.4		36.2		37.6	Jul-12	Mar-14	Aug-14
Total - Consolidated Development Projects						311		-		14.8		81.0		95.8

Development Projects - Joint Venture
Project Name	Location
Expo	Seattle, WA	50	%	275	17,000	60.5	15.5	76.0	May-11	Oct-12	Jun-13
Epic - Phase I and II	San Jose, CA	55	%	569	-	115.9	75.7	191.6	Aug-11	May-13	Dec-14
Linc	Dublin, CA	55	%	309	-	44.3	50.2	94.5	Aug-11	Jun-13	Mar-14
Fountain at La Brea	West Hollywood, CA	50	%	187	18,200	40.3	34.7	75.0	Oct-11	Jan-14	Jul-14
Santa Monica at La Brea	West Hollywood, CA	50	%	184	12,750	36.8	38.6	75.4	Dec-11	Jun-14	Dec-14
Folsom and Fifth	San Francisco, CA	55	%	463	9,300	75.9	174.1	250.0	Jun-12	Apr-14	Mar-15
Elkhorn	San Mateo, CA	55	%	197	-	22.0	54.1	76.1	Aug-12	Jun-14	Dec-14
Total - Joint Venture Development Projects				2,184	57,250	395.7	442.9	838.6

Predevelopment Projects - Joint Venture
Project Name	Location
Epic - Phase III	San Jose, CA	55	%	192	-	19.8	-	19.8
Total - Joint Venture Predevelopment Projects				192	-	19.8	-	19.8

Land Held for Future Development or Sale
Project Name	Location
City Centre	Moorpark, CA	200	-		-		-		-
Park Boulevard	Palo Alto, CA	50	-		-		-		-
Main Street	Walnut Creek, CA	48	37,000		-		-		-
Total - Land Held for Future Development or Sale		298	37,000		45.2		-		45.2
Grand Total - Development Pipeline		2,985	94,250	$	475.5	$	523.9	$	999.4

(1)  The Company invested $1.0 million and has incurred $0.4 million of additional internal costs as part of an agreement to purchase the property upon receipt of temporary certificate of occupancy for total estimated cost of $37.6 million, which is expected in the first quarter of 2014.

See Company's 10-Q for additional disclosures

S-9

E S S E X  P R O P E R T Y  T R U S T, I N C.

Redevelopment Pipeline and Capital Expenditures - September 30, 2012

(Dollars in thousands, except per unit amounts)

			Total		Estimated		Estimated			NOI
			Incurred		Remaining		Total		Project	For the nine months ended
Region/Project Name	Units		To Date		Cost		Cost		Start Date	Q3 2012		Q3 2011
Same-property - Redevelopment Projects (1) (2)
Northern California
Marina Cove, Santa Clara, CA		292	$	5,830	$	4,028	$	9,858	Jun-07
Pointe at Cupertino, Cupertino, CA		116		7,018		2,933		9,951	Jan-10
Magnolia Square, Sunnyvale, CA		188		7,143		6,144		13,287	Sep-10
Southern California
CentrePoint (formerly The Bluffs II), San Diego, CA		224		7,778		2,462		10,240	Oct-11
Total Same-property - Redevelopment Projects		820	$	27,769	$	15,567	$	43,336		$	8,899	$	7,534
Non-same property - Redevelopment Projects
Seattle Metro
Woodland Commons, Bellevue, WA (3)		236		13,015		8,558		21,573	Jun-07
Total Non-same property - Redevelopment Projects		236	$	13,015	$	8,558	$	21,573		$	1,473	$	1,314

(1) Redevelopment activities are ongoing at these communities, but the communities have stabilized operations, therefore results are classified in same-property operations.

(2) The Company incurred $0.5 million and $1.2 million of vacancy loss, respectively, during the three and nine months ended September 30, 2012 caused by the redevelopment of unit interiors which totaled 356 and 700 units during the three and nine months ended September 30, 2012, respectively. The Company's co-investments incurred $0.2 million of vacancy loss during the nine months ended September 30, 2012 related to the redevelopment of 65 unit interiors.

(3) The Company finished construction of 66 additional apartment homes in September 2012, and the total estimated cost includes the completion of a new leasing office, pool area, fitness center, other common area amenities, and interior unit turns.

Non-revenue Generating Capital Expenditures		Q3 2012		Q2 2012		Q1 2012		Q4 2011		Q3 2011		Q2 2011
Non-revenue generating capital expenditures	$	8,736	$	5,840	$	1,200	$	12,144	$	6,235	$	4,778
Average apartment units in quarter		27,815		27,457		27,221		27,241		26,964		26,944
Capital expenditures per apartment unit in the quarter	$	314	$	213	$	44	$	446	$	231	$	177
Capital expenditures per apartment unit-trailing four quarters	$	1,004	$	926	$	895	$	958	$	892	$	966

See Company's 10-Q for additional disclosures

S-10

E S S E X  P R O P E R T Y  T R U S T, I N C.

Co-investments - September 30, 2012 (Dollars in thousands)	Essex Ownership					Total Undepreciated		Debt		Essex Book		Weighted Average			Remaining Term of		For the Quarter Ended September 30,						For the Nine Months Ended September 30,
	Percentage			Units		Book Value		Amount		Value		Borrowing Rate			Debt		2012			2011			2012			2011
Operating Joint Ventures																	Net Operating Income
Essex Apartment Value Fund II, L.P. (Fund II) (1)		28.2	%		2,972	$	604,320	$	292,899	$	60,225		3.4	%		5.1	$	9,038		$	7,918		$	26,668		$	23,459
Wesco I, LLC (2)		50	%		2,169		475,045		299,703		83,006		3.8	%		6.1		5,751			2,144			16,453			2,893
Total operating joint venture investments (3)					5,141	$	1,079,365	$	592,602	$	143,231		3.6	%		5.6	$	14,789		$	10,062		$	43,121		$	26,352
																	Essex Portion of NOI and Expenses
Essex portion of NOI																	$	5,424		$	3,305		$	16,766		$	9,857
Essex portion of depreciation																		(3,297	)		(3,502	)		(10,940	)		(8,498	)
Essex portion of interest expense and other																		(2,164	)		(1,339	)		(7,100	)		(4,723	)
Essex portion of net loss from operating joint ventures																	$	(37	)	$	(1,536	)	$	(1,274	)	$	(3,364	)
Development Joint Ventures (4)		50/55	%		2,376	$	415,456	$	68,048		193,734		1.8	%		34.2	$	24		$	-		$	232		$	-
Essex portion of net loss from joint ventures																	$	(13	)	$	(1,536	)	$	(1,042	)	$	(3,364	)
												Weighted			Weighted
												Average			Average
												Preferred			Expected
												Return			Term
																	Income from Preferred Equity Investments
Preferred Equity Investments											141,002		10.2	%		5.2	$	3,560		$	934		$	10,040		$	2,115
Total Co-investments										$	477,967

(1)  The Company has a 28.2% interest as a general partner and limited partner in Fund II, and may earn promote income if Fund II exceeds certain financial return benchmarks.

(2)  The Company has a 50% interest in Wesco I and the Company may earn promote income if the co-investment exceeds certain financial benchmarks.

(3)  The Company had a 47% effective interest + promoted interest, and a 50% voting interest in Essex Skyline at MacArthur Place, until April 2012 when the Company acquired the joint venture partner's membership interest and for Q2 2012 the Company consolidated the community.

(4)  The Company has interests in seven development co-investments, which are developing projects located in Seattle, Washington, and San Francisco, San Mateo, Dublin, San Jose, and West Hollywood, California.

See Company's 10-Q for additional disclosures

S-11

E S S E X  P R O P E R T Y  T R U S T, I N C.

Summary of Consolidated Co-Investments and Noncontrolling Interest - September 30, 2012

(Dollars in thousands)

The Company enters into co-investment transactions with third party developers, owners and investors of apartment communities.  In accordance with GAAP, the Company consolidates certain of these co-investment transactions, resulting in noncontrolling interests corresponding to the ownership interest of the third-party developer, owner or investor.

The following table summarizes the consolidated co-investments and noncontrolling interest:

	Balance as of September 30, 2012								Operations for the nine months ended September 30, 2012
	Investment in Real Estate		Related Debt		Noncontrolling Interest		DownREIT Units Outstanding (1)		Revenue		Operating Expenses		NOI
Noncontrolling Interest - DownREIT:
Barkley Apartments	$	8,629	$	16,844	$	1,992		76,205	$	1,861	$	679	$	1,182
Brentwood		13,954		19,366		2,568		58,884		1,873		531		1,342
Brookside Oaks		32,550		20,052		2,327		84,095		2,663		636		2,027
Capri at Sunny Hills		16,117		-		2,968		159,890		1,821		503		1,318
Hidden Valley (2)		38,534		30,797		6,089		62,647		4,062		1,256		2,806
Highridge Apartments		29,077		44,807		3,128		272,158		4,661		1,054		3,607
Montejo Apartments		8,102		13,366		1,216		29,319		1,410		364		1,046
The Elliot at Mukilteo		15,600		10,750		1,515		102,713		2,348		1,029		1,319
Thomas Jefferson		31,073		18,546		6,426		57,714		2,381		719		1,662
Treehouse Apartments		12,578		17,346		2,951		67,728		1,913		521		1,392
Valley Park Apartments		13,966		22,693		304		34,564		2,177		467		1,710
Villa Angelina Apartments		19,045		27,665		2,421		51,931		2,905		739		2,166
	$	239,225	$	242,232		33,905		1,057,848	$	30,075	$	8,498	$	21,577
Other Components of Noncontrolling Interest:
Hillsdale Garden Apartments (3)	$	112,607				20,819			$	11,617	$	4,021	$	7,596
Joint Venture - Development (4)	$	27,000				4,000
Operating Limited Partnership Units and Other						56,674
Total Noncontrolling Interest					$	115,398

(1)  Generally, DownREIT units are redeemed for cash at a value equal to Essex's common stock price.

(2)  The DownREIT has a 75% interest in this community and a joint venture partner has a 25% interest.

(3)  The Company has an 81.5% interest in this community and the joint venture partner has an 18.5% interest.

(4)  The Company consolidates one joint venture development located in Walnut Creek, California, in which the Company has a 50% interest.

See Company's 10-Q for additional disclosures

S-12

E S S E X  P R O P E R T Y  T R U S T, I N C.

Income From Discontinued Operations and Selected Financial Data - September 30, 2012

(Dollars in thousands)

Income from Discontinued Operations

During the nine months ended September 30, 2012, the Company sold properties located in San Diego, California including Tierra del Sol/Norte, 156-units, and Alpine Country, 108-units, for gross proceeds of $28.3 million resulting in a gain of $9.8 million.

	Three Months Ended September 30,					Nine months Ended September 30,
	2012		2011			2012			2011
Rental revenues	$	-	$	892		$	608		$	3,240
Property operating expenses		-		(435	)		(260	)		(1,459	)
Depreciation and amortization		-		(256	)		(94	)		(892	)
Income from real estate sold		-		201			254			889
Gain on sale, net of internal disposition costs and taxes		-		(880	)		9,783			4,384
Income (loss) from discontinued operations	$	-	$	(679	)	$	10,037		$	5,273
Shares Outstanding and Potentially Dilutive Securities
	Q3 2012 Weighted Avg.		Actual As of 9/30/12			YTD 2012 Weighted Avg.
Common Shares		35,600,772		35,714,182			34,736,311
Stock Options and Series G Preferred Stock		132,852		150,093			131,723
Weighted Avg. Shares Diluted - EPS		35,733,624		35,864,275			34,868,034
Operating Limited Partnership Units		2,235,783		2,234,393			2,239,987
Weighted Avg. Shares Diluted - FFO		37,969,407		38,098,668			37,108,021

See Company's 10-Q for additional disclosures

S-13

E S S E X  P R O P E R T Y  T R U S T, I N C.

Assumptions for 2012 FFO Guidance Range

Q3 2012 Earnings Results Supplement

($'s in thousands, except share and per share data)

				Low - end of			High - end of
	Actual			Guidance range			Guidance range
	YTD 2012			2012			2012			Changes from Q2 Guidance
Net Operating Income ("NOI")
Total NOI from consolidated communities	$	262,765		$	357,000		$	359,000		Increased mid-point of same-property NOI growth to 9.1% from 9.0%, and NOI guidance includes October acquisitions.
Management Fees	$	8,312		$	10,800		$	11,800
Interest Expense
Interest and amortization expense, before capitalized interest	$	(89,819	)	$	(122,400	)	$	(121,200	)	Interest updated for $300 million bond offering from mid-August, and $150 million additional draw on bank term loan in October.
Projected interest capitalized		6,758			9,300			9,700		Capitalized interest updated for timing of development spend.
Net interest expense		(83,061	)		(113,100	)		(111,500	)
Recurring Income and Expenses
Interest and other income	$	8,049		$	10,900		$	11,100
Income from co-investments		19,938			25,700			26,300
General and administrative expense		(15,665	)		(21,000	)		(22,000	)	Performance based bonuses - see 2012 proxy.
Cost of management and other fees		(4,893	)		(6,600	)		(6,600	)
Preferred dividends and non-controlling interest		(9,502	)		(12,700	)		(12,700	)
		(2,073	)		(3,700	)		(3,900	)
Non-Core Income and Expenses
Promote income from co-investment	$	2,299		$	2,299		$	2,299
Gains on sales of marketable securities		521			521			521
Loss on early retirement of debt		(2,661	)		(4,861	)		(4,861	)	Pro-rated share of early retirement of debt for Fund II assets.
Acquisition costs		(775	)		(2,000	)		(1,200	)
		(616	)		(4,041	)		(3,241	)	Low-end of guidance assumes elevated acquisition costs for potential Q4 investment activity.
Funds from Operations	$	185,327		$	246,959		$	252,159
Funds from Operations per diluted Share	$	4.99		$	6.61		$	6.75
% Change - Funds from Operations		19.3	%		15.2	%		17.6	%
Funds from Operations excluding non-core items	$	185,943		$	251,000		$	255,400
Core Funds from Operations per diluted Share	$	5.01		$	6.72		$	6.84
% Change - Core Funds from Operations		21.2	%		19.2	%		21.2	%
Weighted average shares outstanding		37,108,021			37,350,000			37,350,000

See Company's 10-Q for additional disclosures

S-14

E S S E X  P R O P E R T Y  T R U S T, I N C.

Summary of Apartment Community Acquisitions and Dispositions Activity

Nine months ended September 30, 2012 and Q4 2012 to date

(Dollars in thousands)

Acquisitions				Essex
				Ownership							Assumed		Price per		Average
Property Name	Location	Units		Percentage			Ownership	Date	Price		Debt		Unit		Rent
Bon Terra	Redmond, WA		60		100	%	EPLP	Jan-12	$	16,000	$	-	$	267	$	1,403
Reed Square	Sunnyvale, CA		100		100	%	EPLP	Jan-12		23,000		-		230		1,503
	Q1 2012 Total		160							39,000		-		244
Skyline (1)	Santa Ana, CA		349		100	%	EPLP	Apr-12		85,000		-		487		3,042
Park Catalina	Los Angeles, CA		90		100	%	EPLP	Jun-12		23,650		-		263		1,592
The Huntington	Huntington Beach, CA		276		100	%	EPLP	Jun-12		48,250		30,300		175		1,254
	Q2 2012 Total		715							156,900		30,300		219
Montebello	Kirkland, WA		248		100	%	EPLP	Jul-12		52,000		26,515		210		1,341
Riley Square	Santa Clara, CA *		156		50	%	Wesco I, LLC	Aug-12		38,250		17,500		245		1,644
Park West	San Francisco, CA		126		100	%	EPLP	Sep-12		31,600		-		251		1,561
Domaine	Seattle, WA		92		100	%	EPLP	Sep-12		34,000		14,600		370		1,910
	Q3 2012 Total		622							155,850		58,615		251
Ascent	Kirkland, WA		90		100	%	EPLP	Oct-12		15,850		-		176		1,155
Willow Lake	San Jose, CA		508		50	%	EPLP	Oct-12		148,000		-		291		1,758
	Q4 2012 to date		598							163,850		-		274
	Total		2,095						$	515,600	$	88,915	$	246

Dispositions				Essex
				Ownership							Assumed		Price per		Average
Property Name	Location	Units		Percentage			Ownership	Date	Price		Debt		Unit		Rent
Tierra Del Sol/Norte	San Diego, CA		156		100	%	EPLP	Mar-12	$	17,200	$	-	$	110	$	951
Alpine Country	San Diego, CA		108		100	%	EPLP	Mar-12		11,100		-		103		947
Parcwood	Corona, CA		312		28.2	%	Fund II	Oct-12		42,200		-		135		1,018
Regency Tower	Oakland, CA		178		28.2	%	Fund II	Oct-12		31,000		-		174		1,401
Studio 40-41	Studio City, CA		149		28.2	%	Fund II	Oct-12		56,300		-		378		1,977
Tower @ 801	Seattle, WA		173		28.2	%	Fund II	Oct-12		50,100		-		290		1,448
Cielo (2)	Chatsworth, CA		119		28.2	%	Fund II	Nov-12		33,100		-		278		1,668
	2012 to date		1,195						$	241,000	$	-	$	202

(1) In April 2012, the Company purchased the joint venture partner's remaining membership interest in the co-investment Essex Skyline at MacArthur Place for a purchase price of $85 million. The property is now consolidated.

(2) The property is in contract be sold on 11/1/12.

See Company's 10-Q for additional disclosures

S-15

E S S E X  P R O P E R T Y  T R U S T, I N C

Preliminary 2013 MSA Level Forecasts: Supply, Jobs and Apartment Market Conditions

	Residential Supply (1)								Job Forecast (2)				Forecast Market Conditions (3)
Market	New MF Supply		% of MF  Stock		New SF Supply		% of SF Stock		Est.New Jobs  Dec-Dec		% Growth		Estimated Rent  Growth		Estimated Year End Occupancy
Seattle		4,100		1.1%		4,600		0.6%		34,000		2.3%		7.3%		96.0%
San Francisco		1,800		0.5%		400		0.1%		19,000		1.9%		6.8%		97.3%
Oakland		1,800		0.6%		2,000		0.3%		18,000		1.9%		6.5%		96.5%
San Jose		3,200		1.5%		1,200		0.3%		22,000		2.4%		7.8%		97.3%
No. Cal.		6,800		0.8%		3,600		0.3%		59,000		2.1%		7.2%		97.0%
Ventura		200		0.4%		200		0.1%		3,500		1.3%		4.0%		95.5%
Los Angeles		3,900		0.3%		2,100		0.1%		50,000		1.3%		6.5%		96.0%
Orange		2,400		0.6%		1,500		0.2%		28,000		2.0%		6.0%		96.0%
San Diego		2,600		0.6%		1,800		0.3%		18,000		1.4%		4.0%		95.5%
So. Cal.		9,100		0.4%		5,600		0.2%		99,500		1.5%		5.6%		95.9%
Weighted Average (4)		20,000		0.6%		13,800		0.2%		192,500		1.7%		6.5%		96.3%

All data are based on Essex Property Trust, Inc. forecasts.

U.S. Economic Assumptions: 2013 G.D.P. Growth:  2.3% , 2013 Job Growth: 1.5%

(1) New Residential Supply: represents the Company's internal estimate of actual deliveries during the year, which are related to, but can differ from the 12 month trailing permit levels reported on S-17 of the supplemental.

(2) Job Forecast/Performance: refers to the difference between total non-farm industry employment (not seasonally adjusted) projected through Q4 2013 over estimated figures for Q4 2012, expressed as total new jobs and growth rates.

(3) Forecast Market Conditions: represents the Company's estimates of the change in market rents/occupancy rates for Q4 2013.  The estimated rent growth represents the forecasted change in effective market rents for Q4 2013 vs Q4 2012 (where market refers to the entire MSA apartment market, not the Company's portfolio).  The estimated year end occupancy represents the Company's forecast of physical market occupancy rates as of Q4 2013.

(4) Weighted Average: markets weighted by economic rent in the Company's portfolio.

See Company's 10-Q for additional disclosures

S-16

E S S E X  P R O P E R T Y  T R U S T, I N C

New Residential Supply: Permits as a % of Current Stock (12 Month Permit Period: Trailing 12 Months September 2012)

	Single Family Data										Multi-Family Data						All Residential Data
Market	Q2 2012 Median SF Price (1)		Q2 2012 SF Affordability (2)		SF Stock 2010		SF Permits Last 12 Months		% of Stock		MF Stock 2010		MF Permits Last 12 months		% of Stock		Total Residential Permits Last 12 Months		% of Stock
New York PMSA	$	429,900		72%		796,000		565		0.1%		3,084,000		8,789		0.3%		9,354		0.2%
Nassau-Suffolk	$	385,000		129%		773,000		1,145		0.2%		246,000		615		0.3%		1,760		0.3%
Chicago	$	187,700		190%		1,951,000		5,215		0.3%		1,493,900		3,931		0.3%		9,146		0.3%
Boston	$	362,100		115%		1,551,000		3,838		0.2%		708,800		4,131		0.6%		7,969		0.3%
Philadelphia	$	219,700		153%		1,652,000		5,141		0.3%		546,100		3,445		0.6%		8,586		0.4%
Baltimore	$	255,000		149%		863,000		3,839		0.4%		286,000		2,873		1.0%		6,712		0.6%
Atlanta	$	103,200		354%		1,527,000		8,307		0.5%		571,800		4,382		0.8%		12,689		0.6%
Miami/Ft. Lauderdale	$	206,700		133%		873,000		4,959		0.6%		987,000		6,482		0.7%		11,441		0.6%
Minneapolis	$	174,500		218%		948,000		5,034		0.5%		386,800		3,806		1.0%		8,840		0.7%
Las Vegas	$	130,700		219%		629,000		5,543		0.9%		272,700		1,101		0.4%		6,644		0.7%
Phoenix	$	148,400		202%		1,318,000		11,077		0.8%		418,500		2,007		0.5%		13,084		0.8%
Portland	$	233,900		145%		648,000		4,209		0.6%		254,335		3,076		1.2%		7,285		0.8%
Wash. D.C. PMSA	$	367,000		130%		1,504,000		10,422		0.7%		714,300		10,288		1.4%		20,710		0.9%
Orlando	$	136,100		219%		644,000		6,351		1.0%		255,500		3,835		1.5%		10,186		1.1%
Denver	$	260,700		142%		671,000		5,074		0.8%		302,900		6,038		2.0%		11,112		1.1%
Dallas-Ft. Worth	$	163,000		202%		1,722,000		16,335		0.9%		744,000		14,881		2.0%		31,216		1.3%
Houston	$	168,300		190%		1,388,000		27,134		2.0%		647,700		12,207		1.9%		39,341		1.9%
Austin	$	214,900		163%		441,000		7,625		1.7%		214,900		8,852		4.1%		16,477		2.5%
Totals/Averages	$	226,497		179%		19,899,000		131,813		0.7%		12,135,235		100,739		0.8%		232,552		0.7%
Seattle	$	319,000		117%		778,000		5,292		0.7%		411,500		6,161		1.5%		11,453		1.0%
San Francisco	$	700,000		64%		378,000		413		0.1%		364,000		3,253		0.9%		3,666		0.5%
Oakland	$	465,600		96%		677,000		2,358		0.3%		294,000		2,107		0.7%		4,465		0.5%
San Jose	$	660,000		76%		407,000		1,432		0.4%		216,000		4,145		1.9%		5,577		0.9%
No Cal	$	580,322		82%		1,462,000		4,203		0.3%		874,000		9,505		1.1%		13,708		0.6%
Los Angeles	$	301,800		101%		1,956,000		2,522		0.1%		1,472,000		8,478		0.6%		11,000		0.3%
Ventura	$	344,000		127%		216,000		223		0.1%		59,300		231		0.4%		454		0.2%
Orange	$	437,600		98%		669,000		1,813		0.3%		368,800		2,967		0.8%		4,780		0.5%
San Diego	$	379,100		89%		727,000		2,170		0.3%		413,700		2,807		0.7%		4,977		0.4%
So Cal	$	345,568		100%		3,568,000		6,728		0.2%		2,313,800		14,483		0.6%		21,211		0.4%
Average of Essex Markets	$	401,102		98%		5,808,000		16,223		0.3%		3,599,300		30,149		0.8%		46,372		0.5%

Permits:  Single Family equals 1 unit, Multi-Family equals 5 or more units.

Sources: SF Prices - Economy.com: Permits, Total Residential Stock - U.S. Census, Axiometrics, Mortgage Rates: Freddie Mac.

Single Family/Multi-Family Breakdown of Total Residences, Rosen Consulting Group, US Census, EASI, Essex.

(1) Median Home Prices -  National Association of Realtors, DataQuick, Essex.

(2) Single Family Affordability - Equals the ratio of the actual median household income to the income required to purchase the median priced home.

The required income is defined such that the mortgage payment is 35% of said income, assuming a 10% down payment and a 30-year fixed mortgage rate (3.92%).

Median household income is estimated from US Census 2004 data and income growth from BEA and population growth from the US Census.

See Company's 10-Q for additional disclosures

S-17

ESSEX PROPERTY TRUST, INC. APARTMENT COMMUNITIES

Real Estate Information as of October 31, 2012

	Property Name	Address	City	State	Units		Square Footage		Year Acquired		Year Built		Property Ownership	Age of Property
	NORTHERN CALIFORNIA
	Santa Clara County
1	The Commons	275 Union Avenue	Campbell	CA		264		153,168		2010		1973	EPLP		39
1	Pointe at Cupertino	19920 Olivewood Street	Cupertino	CA		116		135,200		1998		1963	EPLP		49
1	Bella Villagio	383 Vista Roma Way	San Jose	CA		231		227,511		2010		2004	EPLP		8
	Epic - Phase I & II	545 River Oaks Parkway	San Jose	CA		569		472,236					JV-55%
1	Carlyle, The	2909 Nieman Boulevard	San Jose	CA		132		129,200		2000		2000	EPLP		12
1	Enclave, The	4355 Renaissance Drive	San Jose	CA		637		525,463		2005		1998	Fund II		14
1	Esplanade	350 East Taylor St.	San Jose	CA		278		279,000		2004		2002	EPLP		10
1	Waterford, The	1700 N. First Street	San Jose	CA		238		219,600		2000		2000	EPLP		12
1	101 San Fernando	99 S. Fourth Street	San Jose	CA		323		296,078		2010		2001	EPLP		11
1	Willow Lake	1331 Lakeshore Circle	San Jose	CA		508		471,744		2012		1989	EPLP		23
1	1000 Kiely	1000 Kiely Blvd.	Santa Clara	CA		121		128,486		2011		1971	EPLP		41
1	Le Parc	440 N. Winchester Avenue	Santa Clara	CA		140		113,200		1994		1975	EPLP		37
1	Marina Cove	3480 Granada Avenue	Santa Clara	CA		292		250,200		1994		1974	EPLP		38
1	Riley Square (formerly Waterstone)	3707 Poinciana Drive	Santa Clara	CA		156		126,900		2012		1972	Wesco I		40
1	Bristol Commons	732 E. Evelyn Avenue	Sunnyvale	CA		188		142,600		1995		1989	EPLP		23
1	Brookside Oaks	1651 Belleville Way	Sunnyvale	CA		170		119,900		2000		1973	DownREIT		39
1	Magnolia Lane	113 South Mary Avenue	Sunnyvale	CA		32		31,541		2007		2001	EPLP		11
1	Montclaire	450 N. Mathilda Avenue	Sunnyvale	CA		390		294,100		1988		1973	EPLP		39
1	Reed Square	1070 Reed Avenue	Sunnyvale	CA		100		95,440		2011		1970	EPLP		42
1	Summerhill Park	972 Corte Madera Avenue	Sunnyvale	CA		100		78,500		1988		1988	EPLP		24
1	Magnolia Square	107 South Mary Avenue	Sunnyvale	CA		156		110,824		2007		1969	DownREIT		43
1	Via	315 Tasman Drive	Sunnyvale	CA		284		309,421		2011		2011	EPLP		1
1	Windsor Ridge	825 E. Evelyn Avenue	Sunnyvale	CA		216		161,800		1989		1989	EPLP		23
				15%		5,072		4,399,876
	Alameda County
1	Fourth & U	700 University Avenue	Berkeley	CA		171		146,255		2010		2010	EPLP		2
1	Briarwood	4200 Bay Street	Fremont	CA		160		111,160		2011		1978	Wesco I		34
1	Stevenson Place	4141 Stevenson Blvd.	Fremont	CA		200		146,200		2000		1975	EPLP		37
1	The Woods	40640 High Street	Fremont	CA		160		105,280		2011		1978	Wesco I		34
1	Boulevard	40001 Fremont Blvd.	Fremont	CA		172		131,200		1996		1978	EPLP		34
1	City View	25200 Carlos Bee Blvd.	Hayward	CA		572		462,400		1998		1975	EPLP		37
1	The Grand	100 Grand Avenue	Oakland	CA		243		205,026		2009		2009	EPLP		3
1	Bridgeport	36826 Cherry Street	Newark	CA		184		139,000		1987		1987	EPLP		25
1	Alderwood Park Apartments	37057 Magnolia Street	Newark	CA		96		74,624		2006		1987	Fund II		25
				6%		1,958		1,521,145
	Contra Costa County
	Linc (West Dublin)	6600 Golden Gate Drive	Dublin	CA		309		286,348					JV-55%
	64th & Christie	64th and Christie Avenue	Emeryville	CA		190		148,935					EPLP
1	San Marcos	2601 Hilltop Drive	Richmond	CA		432		407,600		2003		2003	EPLP		9
1	Bel Air	2000 Shoreline Drive	San Ramon	CA		462		391,000		1995		1988	EPLP		24
1	Foothill Gardens	1110 Harness Drive	San Ramon	CA		132		155,100		1997		1985	EPLP		27
1	Twin Creeks	2711-2731 Morgan Drive	San Ramon	CA		44		51,700		1997		1985	EPLP		27
1	Canyon Oaks	1 Amberstone Lane	San Ramon	CA		250		237,894		2007		2005	EPLP		7
1	Mill Creek at Windermere	2100 Waterstone Place	San Ramon	CA		400		381,060		2007		2005	EPLP		7
				5%		1,720		1,624,354

	San Mateo County
1	Carlmont Woods	2515 Carlmont Drive	Belmont	CA	195	107,200	2004	1971	Fund II	41
1	Belmont Terrace	1606 Continetals Way	Belmont	CA	71	72,951	2006	1974	EPLP	38
1	Harbor Cove	900 E. Hillsdale Blvd.	Foster City	CA	400	306,600	2004	1971	Fund II	41
1	Davey Glen	200 Davey Glen Road	Belmont	CA	69	65,974	2006	1962	Fund II	50
1	Hillsdale Garden	3421 Edison Avenue	San Mateo	CA	697	611,505	2006	1948	JV - 81.5%	64
	Elkhorn	1950 Elkhorn Court	San Mateo	CA	197	140,547			JV - 55%
				4%	1,432	1,164,230
	San Francisco and Marin Counties
1	Mt. Sutro Terrace Apartments	480 Warren Drive	San Francisco	CA	99	64,000	1999	1973	EPLP	39
1	Park West	121 Funston	San Francisco	CA	126	90,060	2012	1958	EPLP	54
	Folsom and Fifth	900 Folsom Street and 250 Fifth Street	San Francisco	CA	463	371,072			JV-55%
1	Vista Belvedere	15 Red Hill Circle	Tiburon	CA	76	78,300	2004	1963	EPLP	49
				1%	301	232,360

	Other
1	Tuscana	315 Mt. Oso	Tracy	CA	30	29,088	2007	2007	EPLP	5
1	Harvest Park	2327 Summercreek Drive	Santa Rosa	CA	104	116,628	2007	2004	EPLP	8
1	Chestnut Street Apartments	143 Chestnut Avenue	Santa Cruz	CA	96	87,640	2008	2002	EPLP	10
				1%	230	233,356
48	TotalNorthernCalifornia			32%	10,713	9,175,321				27

	SOUTHERN CALIFORNIA
	Los Angeles County
1	Regency at Encino	15506 Moorpark Street	Encino	CA	75	78,487	2009	1989	EPLP	23
1	416 on Broadway	412 East Broadway	Glendale	CA	115	126,782	2010	2009	EPLP	3
1	Hampton Court	1136 N. Columbus Avenue	Glendale	CA	83	71,500	1999	1974	EPLP	38
1	Hampton Place	245 W. Loraine Street	Glendale	CA	132	141,500	1999	1970	EPLP	42
1	Marbrisa	1809 Termino Ave.	Long Beach	CA	202	122,800	2002	1987	EPLP	25
1	Pathways	5945 E. Pacific Coast Hwy.	Long Beach	CA	296	197,700	1991	1975	EPLP	37
1	Bellerive	1921 Beloit Avenue	Los Angeles	CA	63	79,296	2011	2011	EPLP	1
1	Bunker Hill	222 and 234 S. Figueroa St.	Los Angeles	CA	456	346,600	1998	1968	EPLP	44
1	Cochran Apartments	612 South Cochran	Los Angeles	CA	58	51,400	1998	1989	EPLP	23
1	Kings Road	733 North Kings Road	Los Angeles	CA	196	132,100	1997	1979	EPLP	33
1	Marbella	600 South Detroit Street	Los Angeles	CA	60	50,108	2005	1991	EPLP	21
1	Belmont Station	1302 West 2nd St.	Los Angeles	CA	275	225,000	2009	2009	EPLP	3

1

ESSEX PROPERTY TRUST, INC. APARTMENT COMMUNITIES

Real Estate Information as of October 31, 2012

	Property Name	Address	City	State	Units		Square Footage		Year Acquired		Year Built		Property Ownership	Age of Property
1	Park Catalina	690 South Catalina Street	Los Angeles	CA		90		72,864		2012		2002	EPLP		10
1	Park Place	400 S. Detroit Street	Los Angeles	CA		60		48,000		1997		1988	EPLP		24
1	Windsor Court	401 S. Detroit Street	Los Angeles	CA		58		46,600		1997		1988	EPLP		24
1	Renaissance	630 South Masselin Avenue	Los Angeles	CA		169		154,268		2006		1990	Fund II		22
1	Santee Court	716 S. Los Angeles Street	Los Angeles	CA		165		132,040		2010		2004	EPLP		8
1	Santee Village	743 South Santee Street	Los Angeles	CA		73		69,817		2010		2011	EPLP		1
1	Marina City Club	4333 Admiralty Way	Marina Del Rey	CA		101		127,200		2004		1971	EPLP		41
1	Mirabella	13701 Marina Point Drive	Marina Del Rey	CA		188		176,800		2000		2000	EPLP		12
1	Muse	5451 Vineland Avenue	North Hollywood	CA		152		135,292		2011		2011	EPLP		1
1	Monterra del Mar	280 E. Del Mar Boulevard	Pasadena	CA		123		74,400		1997		1972	EPLP		40
1	Monterra del Rey	350 Madison	Pasadena	CA		84		73,100		1999		1972	EPLP		40
1	Monterra del Sol	280 South Euclid	Pasadena	CA		85		69,200		1999		1972	EPLP		40
1	Fountain Park	13141 Fountain Park Drive	Playa Vista	CA		705		608,900		2004		2002	EPLP		10
1	Highridge	28125 Peacock Ridge Drive	Rancho Palos Verde	CA		255		290,200		1997		1972	DownREIT		40
1	Coldwater Canyon	4250 Codlwater Canyon	Studio City	CA		39		34,125		2007		1979	EPLP		33
1	Allegro	11945 Magnolia Blvd.	Valley Village	CA		97		127,812		2010		2010	EPLP		2
	Valley Village	12005 Albers Street	Valley Village	CA		121		129,393					EPLP
1	Walnut Heights	20700 San Jose Hills Road	Walnut	CA		163		146,700		2003		1964	EPLP		48
	Fountain at La Brea	1216-1234 North La Brea Avenue	West Hollywood	CA		187		154,776					JV - 50%
	Santa Monica at La Brea	1111 North La Brea Avenue	West Hollywood	CA		184		150,678					JV - 50%
1	Avondale at Warner Center	22222 Victory Blvd.	Woodland Hills	CA		446		331,000		1999		1970	EPLP		42
1	Reveal	21201 Kittridge Street	Woodland Hills	CA		438		414,892		2011		2010	Wesco I		2
				17%		5,502		4,756,483
	Ventura County
1	Camarillo Oaks	921 Paseo Camarillo	Camarillo	CA		564		459,000		1996		1985	EPLP		27
1	Camino Ruiz Square	105 Camino Ruiz	Camarillo	CA		160		105,448		2006		1990	EPLP		22
1	Arbors at Parc Rose	1500 Tulipan Circle	Oxnard	CA		373		503,196		2011		2001	Wesco I		11
1	Mariner's Place	711 South B Street	Oxnard	CA		105		77,200		2000		1987	EPLP		25
1	Tierra Vista	1750 Montevina Circle	Oxnard	CA		404		387,100		2001		2001	EPLP		11
1	Monterey Villas	1040 Kelp Lane	Oxnard	CA		122		122,100		1997		1974	EPLP		38
1	Meadowood	1733 Cochran Street	Simi Valley	CA		320		264,500		1996		1986	EPLP		26
1	Hidden Valley	5065 Hidden Park Court	Simi Valley	CA		324		310,900		2004		2004	DownREIT		8
1	Lofts at Pinehurst,The	1021 Scandia Avenue	Ventura	CA		118		71,100		1997		1971	EPLP		41
1	Hillcrest Park	1800 West Hillcrest Drive	Newbury Park	CA		608		521,900		1998		1973	EPLP		39
1	Pinehurst	3980 Telegraph Road	Ventura	CA		28		21,200		2004		1973	EPLP		39
1	Woodside Village	675 Providence Ave.	Ventura	CA		145		136,500		2004		1987	EPLP		25
				10%		3,271		2,980,144

	Santa Barbara County
1	Chimney Sweep	775 Camino Del Sur Drive	Goleta	CA	91		2006	1967	EPLP	45
1	CBC	6721 El Colegio Drive	Goleta	CA	148		2006	1962	EPLP	50
1	Hope Ranch (Continental Apartments)	3968-3974 & 3999 Via Lucero	Santa Barbara	CA	108		2007	1965	EPLP	47
	Hope Ranch (Lucero Village)	3968-3974 & 3999 Via Lucero	Santa Barbara	CA			2007	1973	EPLP	39
				1%	347	306,608
	Orange County
1	Anavia	2045 South State College Blvd.	Anaheim	CA	250	312,343	2010	2009	EPLP	3
1	Barkley Apartments	2400 E. Lincoln Ave.	Anahiem	CA	161	139,800	2000	1984	DownREIT	28
1	Valley Park Apartments	17300 Euclid Ave.	Fountain Valley	CA	160	169,700	2001	1969	DownREIT	43
1	Capri at Sunny Hills	2341 Daphne Place	Fullerton	CA	100	128,100	2001	1961	DownREIT	51
1	Wilshire Promenade	141 West Wilshire Avenue	Fullerton	CA	149	128,000	1997	1992	EPLP	20
1	Montejo Apartments	12911 Dale St.	Garden Grove	CA	124	103,200	2001	1974	DownREIT	38
1	Huntington Breakers	21270 Beach Boulevard	Huntington Beach	CA	342	241,700	1997	1984	EPLP	28
1	The Huntington	8400 Edinger Avenue	Huntington Beach	CA	276	202,256	2012	1975	EPLP	37
1	Axis 2300	2300 DuPont Drive	Irvine	CA	115	170,714	2010	2010	EPLP	2
1	Hillsborough Park	1501 South Beach Boulevard	La Habra	CA	235	215,500	1999	1999	EPLP	13
1	Trabuco Villas	25362 Mosswood Way	Lake Forest	CA	132	131,000	1997	1985	EPLP	27
1	Fairways Apartments	2 Pine Valley Lane	Newport Beach	CA	74	107,100	1999	1972	EPLP	40
1	Villa Angelina	201 E. Chapman Ave.	Placentia	CA	256	217,600	2001	1970	DownREIT	42
1	Brentwood Apartment Homes	2301 E. Santa Clara Ave.	Santa Ana	CA	140	154,800	2001	1970	DownREIT	42
1	Fairhaven Apartments (Treehouse)	1300 E. Fairhaven	Santa Ana	CA	164	135,700	2001	1970	DownREIT	42
1	Essex Skyline at MacArthur Place	9 & 15 MacArthur Place	Santa Ana	CA	349	512,791	2010	2008	EPLP	4
				9%	3,027	3,070,304
	San Diego County
1	Alpine Village	2055 Arnold Way	Alpine	CA	301	254,400	2002	1971	EPLP	41
1	Bonita Cedars	5155 Cedarwood Rd.	Bonita	CA	120	120,800	2002	1983	EPLP	29
1	Cambridge	660 F. St.	Chula Vista	CA	40	22,100	2002	1965	EPLP	47
1	Mesa Village	5265 Clairemont Mesa Blvd.	Clairemont	CA	133	43,600	2002	1963	EPLP	49
1	Mira Monte	10360 Maya Linda Rd.	Mira Mesa	CA	355	262,600	2002	1982	EPLP	30
1	Country Villas	283 Douglas Drive	Oceanside	CA	180	179,700	2002	1976	EPLP	36
1	Mission Hills	218 Rancho Del Oro	Oceanside	CA	282	244,000	2005	1984	EPLP	28
1	CentrePointe (The Bluffs II)	6466 Friars Road	San Diego	CA	224	126,700	1997	1974	EPLP	38
1	Summit Park	8563 Lake Murray Blvd.	San Diego	CA	300	229,400	2002	1972	EPLP	40
1	Vista Capri - North	3277 Berger Ave.	San Diego	CA	106	51,800	2002	1975	EPLP	37
1	Shadow Point	9830 Dale Ave.	Spring Valley	CA	172	131,200	2002	1983	EPLP	29
				7%	2,213	1,666,300
	Riverside County
1	Devonshire Apartments	2770 West Devonshire Ave.	Hemet	CA	276	207,200	2002	1988	EPLP	24
				1%	276	207,200
74	TotalSouthernCalifornia			44%	14,636	12,987,039				29

2

ESSEX PROPERTY TRUST, INC. APARTMENT COMMUNITIES

Real Estate Information as of October 31, 2012

	Property Name	Address	City	Status	Units	Square Footage		Year  Acquired	Year Built	Property Ownership	Age of Property
	SEATTLE METRO AREA
1	Cedar Terrace	3205 115th Ave. NE	Bellevue	WA	180	174,200		2005	1984	EPLP	28
1	Courtyard Off Main	136 102nd Avenue SE	Bellevue	WA	109	108,388		2010	2000	EPLP	12
1	Emerald Ridge	3010 118th Avenue SE	Bellevue	WA	180	144,000		1994	1987	EPLP	25
1	Foothill Commons	13800 NE 9th Place	Bellevue	WA	388	288,300		1990	1978	EPLP	34
1	Palisades, The	13808 NE 12th	Bellevue	WA	192	159,700		1990	1977	EPLP	35
1	Sammamish View	16160 SE Eastgate Way	Bellevue	WA	153	133,500		1994	1986	EPLP	26
1	Woodland Commons	13700 NE 10th Place	Bellevue	WA	236	172,300		1990	1978	EPLP	34
1	Canyon Pointe	1630 228th St. SE	Bothell	WA	250	210,400		2003	1990	EPLP	22
1	Inglenook Court	14220 Juanita Drive, NE	Bothell	WA	224	183,600		1994	1985	EPLP	27
1	Salmon Run at Perry Creek	2109 228th Street SE	Bothell	WA	132	117,100		2000	2000	EPLP	12
1	Stonehedge Village	14690 143rd Blvd., NE	Bothell	WA	196	214,800		1997	1986	EPLP	26
1	Highlands at Wynhaven	1460 NE Hawthorne Street	Issaquah	WA	333	424,674		2008	2000	EPLP	12
1	Park Hill at Issaquah	22516 SE 56th Street	Issaquah	WA	245	277,700		1999	1999	EPLP	13
1	Wandering Creek	12910 SE 240th	Kent	WA	156	124,300		1995	1986	EPLP	26
1	Ascent	12062 Slater Avenue NE	Kirkland	WA	90	75,840		2012	1988	EPLP	24
1	Bridle Trails	6600 130th Avenue, NE	Kirkland	WA	108	99,700		1997	1986	EPLP	26
1	Evergreen Heights	12233 NE 131st Way	Kirkland	WA	200	188,300		1997	1990	EPLP	22
1	Corbella at Juanita Bay	9520 NE 120th Street	Kirkland	WA	169	103,339		2010	1978	EPLP	34
1	Montebello	12000 131st Lane NE	Kirkland	WA	248	272,734		2012	1996	EPLP	16
1	Laurels at Mill Creek	1110 164th Street SE	Mill Creek	WA	164	134,300		1996	1981	EPLP	31
1	Morning Run	18463 Blueberry Lane	Monroe	WA	222	221,786		2005	1991	Fund II	21
1	The Elliot at Mukilteo (Anchor Village)	9507 49th Avenue West	Mukilteo	WA	301	245,900		1997	1981	DownREIT	31
1	Castle Creek	7000 132nd Place, SE	Newcastle	WA	216	191,900		1998	1998	EPLP	14
1	Delano/Bon Terra	7805, 7903 and 7935 170th Place NE	Redmond	WA	126	116,340		2011	2011/2005	EPLP	1/7
1	Elevation	17202-17325 NE 85th Place	Redmond	WA	157	138,916		2010	1986	EPLP	26
1	Vesta (Redmond Hill East)	18666 Redmond Way	Redmond	WA	440	381,675		2011	1998	Wesco I	14
1	Redmond Hill West	6110 186th Place NE	Redmond	WA	442	350,275		2011	1985	Wesco I	27
1	Brighton Ridge	2307 NE 4th Street	Renton	WA	264	201,300		1996	1986	EPLP	26
1	Fairwood Pond	14700 SE Petrovitsky Rd.	Renton	WA	194	189,200		2004	1997	EPLP	15
1	Forest View	650 Duvall Ave. NE	Renton	WA	192	182,500		2003	1998	EPLP	14
1	Eastlake 2851	2833 - 2851 Eastlake Avenue	Seattle	WA	133	234,086		2008	2008	Fund II	4
1	Fountain Court	2400 4th Street	Seattle	WA	320	207,000		2000	2000	EPLP	12
1	Joule	523 Broadway Avenue, East	Seattle	WA	295	191,109		2010	2010	JV - 99%	2
1	Linden Square	13530 Linden Avenue North	Seattle	WA	183	142,200		2000	1994	EPLP	18
1	Domaine	2483 Birch Avenue N	Seattle	WA	92	79,421		2012	2009	EPLP	3
	Expo (Queen Anne)	100 Republican	Seattle	WA	275	191,290				JV - 50%
1	The Bernard	115 Warren Avenue North	Seattle	WA	63	43,151		2011	2008	EPLP	4
1	The Cairns	420 Yale Avenue	Seattle	WA	100	70,806		2007	2006	EPLP	6
1	Wharfside Pointe	3811 14th Avenue West	Seattle	WA	142	119,200		1994	1990	EPLP	22
1	Echo Ridge	34907 SE Kinsey Street	Snoqualmie	WA	120	124,359		2005	2000	Fund II	12
39	TotalSeattleMetroArea			24%	7,955	7,038,299					19
	161	Apartment Communities		100%	33,304	29,200,659	(1)
	9	Apartment Communities Under Construction			2,495	2,045,275	(2)

Avg. square footage	877	Definitions for Property Ownership
Avg. units per property	207	EPLP	The Company has a 100% ownership in the community.
Avg. age of property	26	FundII	The community is owned by Fund II. The Company has a 28.2% interest in Fund II which is accounted for using the equity method of accounting.
(1) Includes 243,436 square feet of retail or commercial space		WescoI	The community is owned by Wesco I, LLC. The Company has a 50% interest in Wesco I, LLC, which is accounted for using the equity method of accounting.
(2) Includes 47,950 square feet of estimated retail or commercial space		DownREIT	The Company holds a 1% special limited partner interest in the partnerships which owns the community. In accordance with GAAP, the Company consolidates this community.
		JV- 99%	The Company has a 99% ownership in this development and is consolidated.
		JV- 81.5%	The Company has a 81.5% ownership in this community and is consolidated.
		JV-55%	The Company has a 55.0% ownership in this community and is not consolidated.
		JV- 50%	The Company has a 50% ownership in this community and is not consolidated.

OTHER REAL ESTATE ASSETS
Office Buildings
Essex Corporate Headquarter Bldg.	925 / 935 E. Meadow Dr.	Palo Alto	CA	31,900	1997 / 2007	1988 / 1962	EPLP
Derian Office Building	17461 Derian Av.	Irvine	CA	110,000	2000	1983	EPLP
Hollywood	6230 Sunset Blvd.	Los Angeles	CA	35,000	2006	1938	EPLP
Santa Clara Retail	3700 El Camino Real	Santa Clara	CA	139,000	2011	1970	EPLP
				315,900

3