Exhibit 99.1

Essex Announces Second Quarter 2013 Results

Core Funds from Operations per Diluted Share for the Second Quarter Increased 12.8%

Palo Alto, California—July 31, 2013—Essex Property Trust, Inc. (NYSE:ESS) announced today its second quarter 2013 earnings results and related business activities.

Funds from Operations (“FFO”) and earnings per share (“EPS”) for the quarter and six months ended June 30, 2013 are detailed below. Core FFO excludes acquisition costs and non-routine items. EPS for the quarter ended June 30, 2012 includes a $21.9 million gain to remeasure the Company’s investment in the Essex Skyline joint venture to fair value (gain is not included in the calculation of FFO).

	Quarter Ended June 30,		%	Six Months Ended June 30,		%
Per Diluted Share	2013	2012	change	2013	2012	change
FFO	$1.91	$1.69	12.9%	$3.88	$3.33	16.8%
Core FFO	$1.88	$1.66	12.8%	$3.74	$3.30	13.4%
EPS	$0.67	$1.07	-37.4%	$1.35	$1.74	-22.4%

Second Quarter 2013 Highlights:

Grew same-property gross revenues and net operating income (“NOI”) by 6.1% and 7.0%, respectively, compared to Q2 2012.

Increased 2013 guidance for same-property revenues at the midpoint from 5.8% to 6.0% and NOI guidance from 7.0% to 7.2%.

Achieved a 1.4% sequential increase in quarterly gross revenues and 0.8% sequential increase in NOI for the same-property portfolio.

Acquired two communities containing 393 apartment homes in the Wesco III joint venture for a total purchase price of $113.5 million.

Redeveloped 507 apartment homes during the quarter and vacancy during redevelopment reduced occupancy by 60 basis points for the same-property portfolio.

Opened Phase I of the development community Epic in June, and 52% of the 280 apartment homes in Phase I are currently occupied or leased.

Purchased land and started construction on One South Market located in San Jose, California.

Received $13.1 million in repayment of a preferred equity investment and recognized $0.5 million in prepayment fees, which reduced forecasted co-investment income by $0.7 million in the second half of 2013.

Tightened full-year core FFO guidance range from $7.40 to $7.70 to $7.50 to $7.65. Provided third quarter 2013 core FFO per diluted share guidance range of $1.85 to $1.93 per diluted share.

925 East Meadow Drive Palo Alto California 94303 telephone 650 494 3700 facsimile 650 494 8743

www.essexpropertytrust.com

Michael J. Schall, President and Chief Executive Officer of the Company, commented, “Our operating results demonstrate the continued strength in apartment rents in coastal California and Washington, driving our Core FFO per share above the high-end of the guidance range established last quarter. In addition, we are excited to report that initial leasing activities at our first phase of our Epic community in North San Jose have significantly exceeded expectations. Based on these results, we are raising the mid-point of our same-property NOI growth forecast by 20 basis points to 7.2% and our 2013 Core FFO per diluted share by $0.03 to $7.58.”

Same-Property Operations

Same-property operating results exclude properties that are not comparable for the periods presented. The table below illustrates the percentage change in same-property gross revenues for the quarter ended June 30, 2013 compared to the quarter ended June 30, 2012, and the sequential percentage change for the quarter ended June 30, 2013 versus the quarter ended March 31, 2013 by submarket for the Company:

	Q2 2013 vs. Q2 2012			Q2 2013 vs. Q1 2013			% of Total
	Gross Revenues			Gross Revenues			Q2 2013 Revenues
Southern California
Los Angeles County		4.8	%		0.2	%		19.9	%
Ventura County		3.8	%		0.4	%		9.6	%
Orange County		4.5	%		1.1	%		9.2	%
San Diego County		2.9	%		0.7	%		6.4	%
Other Southern California		4.5	%		0.3	%		1.9	%
Total Southern California		4.2	%		0.5	%		47.0	%
Northern California
Santa Clara County		8.0	%		2.0	%		16.8	%
Contra Costa County		5.7	%		1.8	%		6.7	%
Alameda County		8.6	%		2.4	%		6.0	%
Other Northern California		9.8	%		2.3	%		5.4	%
Total Northern California		7.9	%		2.1	%		34.9	%
Seattle Metro		7.8	%		2.5	%		18.1	%
Same-property portfolio		6.1	%		1.4	%		100.0	%

The table below illustrates the percentage change in same-property gross revenues, operating expenses, and NOI for the quarter ended June 30, 2013 compared to the quarter ended June 30, 2012:

	Q2 2013 compared to Q2 2012
	Gross Revenues			Operating Expenses			NOI
	Gross Revenues			Operating Expenses			NOI
Southern California		4.2	%		3.1	%		4.8	%
Northern California		7.9	%		4.1	%		9.7	%
Seattle Metro		7.8	%		7.8	%		7.8	%
Same-property portfolio		6.1	%		4.3	%		7.0	%

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The table below illustrates the sequential percentage change in same-property gross revenues, operating expenses, and NOI for the quarter ended June 30, 2013 versus the quarter ended March 31, 2013:

	Q2 2013 compared to Q1 2013
	Gross Revenues			Operating Expenses			NOI
	Gross Revenues			Operating Expenses			NOI
Southern California		0.5	%		1.7	%		-0.1	%
Northern California		2.1	%		3.3	%		1.6	%
Seattle Metro		2.5	%		4.8	%		1.3	%
Same-property portfolio		1.4	%		2.8	%		0.8	%

Same-property financial occupancies for the quarters ended are as follows:

	6/30/2013			3/31/2013			6/30/2012
Southern California		95.8	%		96.6	%		96.0	%
Northern California		96.4	%		96.8	%		96.8	%
Seattle Metro		96.0	%		96.6	%		96.2	%
Same-property portfolio		96.0	%		96.6	%		96.3	%

Investment Activity

In May, the Wesco III, LLC (“Wesco III”) joint venture, of which the Company has a 50% interest, acquired Regency at Mountain View located in Mountain View, California for $42.5 million. Built in 1970, the property has 142 apartment homes and is located in close proximity to high tech jobs including the Google campus, retail and entertainment venues. The Company plans to renovate the property for a total cost of approximately $7 million.

In late June, Wesco III purchased Gas Company Lofts located in Los Angeles, California for $71.0 million. The property contains 251 apartment homes in three buildings which were built in 1924, 1940, and 1959, respectively. The property, which is located in downtown Los Angeles, went through a full adaptive reuse renovation in 2004 to convert the space into loft-style apartments. The property is centrally located a few blocks from the Financial District, L.A. Live, Staples Center, and the Nokia Theater. Downtown Los Angeles continues to undergo a multi-year revival with multiple commercial developments underway. The Company intends to renovate portions of the property including adding amenities such as a rooftop pool for a total cost of approximately $11 million.

Dispositions

In May, the Essex Apartment Value Fund II L.P. (“Fund II”) joint venture of which the Company has a 28.2% ownership interest, sold Morning Run which has 222 apartment homes for gross proceeds of $26.4 million. In connection with the sale, Fund II incurred a prepayment penalty on debt of which the Company’s pro rata share was $0.2 million.

Subsequent to quarter end, Fund II sold three additional properties for gross proceeds of $244.0 million. Fund II is marketing the remaining properties in the portfolio and expects all of them will be sold in the next six to twelve months.

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Development

In June, the Company opened Phase I of Epic, a 280 unit community located in North San Jose, California. Currently, 145 of the apartment homes are occupied or leased, representing 52% of the total apartment homes in Phase I. Phase II of Epic comprised of 289 apartment homes will open in the fourth quarter of 2013.

We have begun pre-leasing Connolly Station, a 309 unit community located in Dublin, California and initial occupancy is expected in mid-August.

During the second quarter, the Company entered into a co-investment partnership to purchase land and start construction of One South Market, a twenty-three story high rise containing 312 apartment homes located in downtown San Jose, California. Please see the press release dated May 31, 2013 for additional details on this transaction.

Other Investments

In June, the Company received cash of $13.1 million from the redemption of a preferred equity investment related to one property located in Los Angeles. The Company recorded $0.5 million of income from prepayment penalties due to the early termination of the agreement.

Liquidity and Balance Sheet

During the quarter, the Company repaid two secured loans totaling $27.3 million and incurred $0.2 million loss on early retirement of debt. In addition, the Company repaid $14.2 million of Mello Roos bonds related to one property which resulted in a $1.5 million gain on early retirement of debt. As of June 30, 2013, the Company had $621 million in undrawn capacity on its unsecured credit facilities.

Guidance

The Company’s guidance for core FFO per diluted share for the third quarter of 2013 is $1.85 to $1.93. For additional details regarding our 2013 guidance, please see page S-14 of the Supplemental Financial Information.

Conference Call with Management

The Company will host an earnings conference call with management to discuss its quarterly results on Thursday August 1, 2013 at 10 a.m. PST (1 p.m. EST), which will be broadcast live via the Internet at www.essexpropertytrust.com, and accessible via phone by dialing (877) 407-0784, no passcode is necessary.

A rebroadcast of the live call will be available online for 90 days and digitally for 7 days. To access the replay online, go to www.essexpropertytrust.com and select the second quarter earnings link. To access the replay digitally, dial (877) 870-5176 using the replay pin number 416465. If you are unable to access the information via the Company’s website, please contact the Investor Relations Department at investors@essexpropertytrust.com or by calling (650) 494-3700.

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Corporate Profile

Essex Property Trust, Inc., an S&P 400 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 164 apartment communities with an additional 9 properties in various stages of active development. Additional information about Essex can be found on the Company’s web site at www.essexpropertytrust.com.

This press release and accompanying supplemental financial information will be filed electronically on Form 8-K with the Securities and Exchange Commission and can be accessed from the Company’s Web site at www.essexpropertytrust.com. If you are unable to obtain the information via the Web, please contact the Investor Relations Department at (650) 494-3700.

Funds from Operations (“FFO”) Reconciliation

FFO, as defined by the National Association of Real Estate Investment Trusts (“NAREIT”), is generally considered by industry analysts as an appropriate measure of performance of an equity REIT. Generally, FFO adjusts the net income of equity REITs for non-cash charges such as depreciation and amortization of rental properties, impairment charges, gains/losses on sales of real estate and extraordinary items. Management considers FFO and FFO which excludes acquisition costs and items that are non-recurring or not related to the Company’s core business activities, which is referred to as (“Core FFO”), to be useful financial performance measurements of an equity REIT because, together with net income and cash flows, FFO and Core FFO provide investors with an additional basis to evaluate the operating performance and ability of a REIT to incur and service debt and to fund acquisitions and other capital expenditures and the ability to pay dividends.

FFO does not represent net income or cash flows from operations as defined by U.S. generally accepted accounting principles (“GAAP”) and is not intended to indicate whether cash flows will be sufficient to fund cash needs. It should not be considered as an alternative to net income as an indicator of the REIT's operating performance or to cash flows as a measure of liquidity. FFO does not measure whether cash flow is sufficient to fund all cash needs including principal amortization, capital improvements and distributions to shareholders. FFO also does not represent cash flows generated from operating, investing or financing activities as defined under GAAP. Management has consistently applied the NAREIT definition of FFO to all periods presented. However, there is judgment involved and other REITs’ calculation of FFO may vary from the NAREIT definition for this measure, and thus their disclosures of FFO may not be comparable to the Company’s calculation.

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The following table sets forth the Company’s calculation of diluted FFO and Core FFO for the three and six months ended June 30, 2013 and 2012:

	Three Months Ended June 30,						Six Months Ended June 30,
Funds from Operations (In thousands)	2013			2012			2013			2012
Net income available to common stockholders	$	24,946		$	37,078		$	50,149		$	59,800
Adjustments:
Depreciation		48,031			41,801			95,175			82,628
Gains not included in FFO, net of disposition costs		(2,366	)		(21,947	)		(2,366	)		(31,730	)
Depreciation add back from unconsolidated co-investments, and add back convertible preferred dividend – Series G		3,777			3,366			7,619			7,750
Noncontrolling interest related to Operating Partnership units		1,547			2,502			3,048			4,092
Depreciation attributable to noncontrolling interests		(327	)		(303	)		(654	)		(592	)
Funds from Operations	$	75,608		$	62,497		$	152,971		$	121,948
(Gain) loss on early retirement of debt		(1,024	)		1,450			(1,024	)		1,450
Acquisition costs		168			312			555			498
Income from early redemption of preferred equity investments		(523	)		-			(946	)		-
Gain on sales of marketable securities and note prepayment		-			(521	)		(2,611	)		(521	)
Gain on sale of land		-			-			(1,503	)		-
Co-investment promote income		-			(2,299	)		-			(2,299	)
Core Funds from Operations	$	74,229		$	61,439		$	147,442		$	121,076

SAFE HARBOR STATEMENT UNDER THE PRIVATE LITIGATION REFORM ACT OF 1995:

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include statements and estimates on pages 1 and 2 and under the caption “Guidance” on page 4 with respect to total and Core FFO for the third quarter 2013, full-year total and Core FFO guidance, and 2013 same-property revenues and NOI guidance; the continued strength in apartment rents; statements and estimates set forth on pages 3 and 4 regarding renovation costs, the sale of Fund II properties, and the opening of Epic Phase II; and statements and estimates set forth under the captions “Development Pipeline—June 30, 2013” and “Redevelopment Pipeline and Capital Expenditures— June 30, 2013” on pages S-9 and S-10 of the Company’s Supplemental Financial Information Package, which accompanies this press release, regarding estimated costs of property development and redevelopment and regarding the anticipated timing of redevelopments and of the construction start, initial occupancy and stabilization of property development and the various financial forecasts, estimates and assumptions set forth in the columns “Low-end of Guidance range 2013” and “High-end of guidance range 2013” on page S-14 of the Company’s Supplemental Financial Information Package and the forecasts, set forth on page S-16 of the Company’s Supplemental Financial Information Package, of residential supply, jobs, rent growth and occupancy in various areas. The Company's actual results may differ materially from those projected in such forward-looking statements. Factors that might cause such a difference include, but are not limited to, changes in market demand for rental apartment homes and the impact of competition and competitive pricing, changes in economic conditions, unexpected delays in the development and stabilization of development projects, unexpected difficulties in leasing of development projects, total costs of development investments exceeding the Company’s projections and other risks detailed in the Company's filings with the Securities and Exchange Commission (SEC). All forward-looking statements are made as of today, and the Company assumes no obligation to update this information. For more details relating to risk and uncertainties that could cause actual results to differ materially from those anticipated in our forward-looking statements, and risks to our business in general, please refer to our SEC filings, including the Company’s Report on Form 10-K for the year ended December 31, 2012.

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CONTACT INFORMATION

Barb Pak

Director of Investor Relations

(650) 494-3700

bpak@essexpropertytrust.com

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						Six Months Ended
(Dollars in thousands, except per share amounts)	June 30,						June 30,
	2013			2012			2013			2012

Revenues:
Rental and other property	$	150,170		$	129,765		$	296,565		$	255,238
Management and other fees		3,234			2,796			6,182			5,240
		153,404			132,561			302,747			260,478

Expenses:
Property operating		48,737			42,417			95,501			82,582
Depreciation		48,031			41,801			95,175			82,535
General and administrative		6,224			5,764			12,850			11,164
Cost of management and other fees		1,733			1,611			3,434			3,251
		104,725			91,593			206,960			179,532
Earnings from operations		48,679			40,968			95,787			80,946

Interest expense before amortization		(26,325	)		(24,659	)		(51,536	)		(49,316	)
Amortization expense		(3,002	)		(2,882	)		(5,932	)		(5,754	)
Interest and other income		1,917			5,455			6,939			7,868
Equity income from co-investments		7,282			3,111			11,493			5,451
Gain (loss) on early retirement of debt		1,024			(1,450	)		1,024			(1,450	)
Gain on sale of land		-			-			1,503			-
Gain on remeasurement of co-investment		-			21,947			-			21,947
Income before discontinued operations		29,575			42,490			59,278			59,692
Income from discontinued operations		-			-			-			10,037
Net income		29,575			42,490			59,278			69,729
Net income attributable to noncontrolling interest		(3,261	)		(4,044	)		(6,393	)		(7,193	)
Net income attributable to controlling interest		26,314			38,446			52,885			62,536
Dividends to preferred stockholders		(1,368	)		(1,368	)		(2,736	)		(2,736	)
Net income available to common stockholders	$	24,946		$	37,078		$	50,149		$	59,800

Net income per share - basic	$	0.67		$	1.07		$	1.35		$	1.74

Net income per share - diluted	$	0.67		$	1.07		$	1.35		$	1.74

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						Six Months Ended
Selected Line Item Detail	June 30,						June 30,
(Dollars in thousands)	2013			2012			2013			2012

Rental and other property
Rental	$	139,996		$	120,861		$	276,730		$	237,655
Other property		10,174			8,904			19,835			17,583
Rental and other property	$	150,170		$	129,765		$	296,565		$	255,238

Management and other fees
Management	$	2,034		$	2,048		$	4,041		$	4,039
Development and redevelopment		1,200			748			2,141			1,201
Management and other fees	$	3,234		$	2,796		$	6,182		$	5,240

Property operating expenses
Real estate taxes	$	14,248		$	11,699		$	28,404		$	23,112
Administrative and insurance		11,239			10,489			21,893			20,039
Maintenance and repairs		10,490			8,958			19,938			16,923
Utilities		9,224			8,141			18,253			16,218
Property management		3,536			3,130			7,013			6,290
Property operating expenses	$	48,737		$	42,417		$	95,501		$	82,582

General and administrative
General and administrative	$	13,205		$	12,053		$	26,587		$	23,648
Allocated to cost of management and other fees		(1,733	)		(1,611	)		(3,434	)		(3,251	)
Allocated to property operating expenses - administrative		(3,536	)		(3,130	)		(7,013	)		(6,290	)
Capitalized to real estate		(1,712	)		(1,548	)		(3,290	)		(2,943	)
Net general and administrative	$	6,224		$	5,764		$	12,850		$	11,164

Interest and other income
Marketable securities and other interest income	$	1,863		$	1,652		$	3,487		$	3,152
Notes receivable		54			983			841			1,896
Gain from sale of marketable securities and note prepayment		-			521			2,611			521
Co-investment promote fee		-			2,299			-			2,299
Interest and other income	$	1,917		$	5,455		$	6,939		$	7,868

Equity income from co-investments
Equity income (loss) from co-investments	$	586		$	(113	)	$	545		$	(1,029	)
Income from preferred equity investments		3,807			3,224			7,636			6,480
Gain on sale of co-investment		2,366			-			2,366			-
Income from early redemption of preferred equity investments		523			-			946			-
Equity income from co-investments	$	7,282		$	3,111		$	11,493		$	5,451

Noncontrolling interest
Limited partners of Essex Portfolio, L.P.	$	1,547		$	2,502		$	3,048		$	4,092
DownREIT limited partners' distributions		1,169			1,099			2,344			2,198
Third-party ownership interest		545			443			1,001			903
Noncontrolling interest	$	3,261		$	4,044		$	6,393		$	7,193

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									Six Months Ended
(Dollars in thousands, except share and per share amounts)	June 30,									June 30,
	2013			2012			% Change			2013			2012			% Change

Funds from operations
Net income available to common stockholders	$	24,946		$	37,078					$	50,149		$	59,800
Adjustments:
Depreciation		48,031			41,801						95,175			82,628
Gains not included in FFO, net of internal disposition costs		(2,366	)		(21,947	)					(2,366	)		(31,730	)
Depreciation add back from unconsolidated co-investments, and add back convertible preferred dividend - Series G		3,777			3,366						7,619			7,750
Noncontrolling interest related to Operating Partnership units		1,547			2,502						3,048			4,092
Depreciation attributable to noncontrolling interest		(327	)		(303	)					(654	)		(592	)
Funds from operations	$	75,608		$	62,497					$	152,971		$	121,948
FFO per share-diluted	$	1.91		$	1.69			12.9	%	$	3.88		$	3.33			16.8	%

Components of the change in FFO
Non-core items:
(Gain) Loss on early retirement of debt		(1,024	)		1,450						(1,024	)		1,450
Income from early redemption of preferred equity investments		(523	)		-						(946	)		-
Acquisition costs		168			312						555			498
Gain on sales of marketable securities and note prepayment		-			(521	)					(2,611	)		(521	)
Gain on sale of land		-			-						(1,503	)		-
Co-investment promote income		-			(2,299	)					-			(2,299	)
Core funds from operations		74,229			61,439						147,442			121,076
Core FFO per share-diluted	$	1.88		$	1.66			12.8	%	$	3.74		$	3.30			13.4	%

Changes in core items:
Same-property NOI	$	5,822								$	10,880
Non-same property NOI		8,263									17,528
Management and other fees, net		316									759
Equity income from co-investments		1,693									2,599
Interest and other income		(718	)								(720	)
Interest and amortization expense		(1,786	)								(2,398	)
General and administrative		(604	)								(1,629	)
Discontinued operations		-									(348	)
Other items, net		(196	)								(305	)
	$	12,790								$	26,366

Weighted average number of shares outstanding diluted (1)		39,576,663			36,947,477						39,391,820			36,672,683

(1)	Assumes conversion of the weighted average Operating Partnership interests in the Operating Partnership into shares of the Companys' 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)
	June 30, 2013			December 31, 2012

Real Estate:
Land and land improvements	$	1,054,178		$	1,003,171
Buildings and improvements		4,194,092			4,030,501
		5,248,270			5,033,672
Less: accumulated depreciation		(1,173,333	)		(1,081,517	)
		4,074,937			3,952,155
Real estate under development		70,242			66,851
Co-investments		618,259			571,345
		4,763,438			4,590,351
Cash and cash equivalents		45,384			42,126
Marketable securities		88,734			92,713
Notes and other receivables		110,544			66,163
Other assets		50,898			55,870
Total assets	$	5,058,998		$	4,847,223

Mortgage notes payable	$	1,511,502		$	1,565,599
Unsecured debt		1,409,744			1,112,084
Lines of credit		4,370			141,000
Other liabilities		157,061			137,469
Derivative liabilities		1,928			6,606
Total liabilities		3,084,605			2,962,758

Cumulative convertible preferred stock, carrying value		4,349			4,349

Equity:
Common stock		3			3
Cumulative redeemable preferred stock, liquidation value		73,750			73,750
Additional paid-in-capital		2,331,830			2,204,778
Distributions in excess of accumulated earnings		(484,615	)		(444,466	)
Accumulated other comprehensive loss		(62,813	)		(69,261	)
Total stockholders' equity		1,858,155			1,764,804
Noncontrolling interest		111,889			115,312
Total equity		1,970,044			1,880,116

Total liabilities and equity	$	5,058,998		$	4,847,223

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 - June 30, 2013

(Dollars in thousands)


											Scheduled principal payments (excludes lines of credit)

	Percentage					Weighted Average													Weighted			Percentage
	of Total			Balance		Interest			Maturity				Balance Outstanding						Average Interest			of Total
	Debt			Outstanding		Rate			In Years				Secured		Unsecured		Total		Rate			Debt
Mortgage Notes Payable
Fixed rate - secured		45	%	$	1,324,194		6.0	%		5.4		2013	$	29,572	$	-	$	29,572		4.0	%		1.0	%
Variable rate - secured (1)		6	%		187,308		1.6	%		18.3		2014		47,450		-		47,450		5.2	%		1.6	%
Total mortgage notes payable		51	%		1,511,502		5.5	%		7.0		2015		68,198		-		68,198		5.2	%		2.3	%
												2016		12,524		350,000		362,524		3.5	%		12.4	%
Unsecured Debt												2017		184,021		190,000		374,021		4.4	%		12.8	%
Bonds private - fixed rate		16	%		465,000		4.5	%		5.7		2018		292,522		-		292,522		5.8	%		10.0	%
Bonds public - fixed rate		20	%		594,744		3.6	%		9.5		2019		258,603		75,000		333,603		5.6	%		11.4	%
Term loan (2)		12	%		350,000		2.6	%		3.7		2020		402,676		-		402,676		6.5	%		13.8	%
		48	%		1,409,744		3.6	%		6.8		2021		48,047		200,000		248,047		5.0	%		8.5	%
Unsecured Lines of Credit												2022		-		297,159		297,159		3.8	%		10.2	%
Line of credit (3)		-			-		-					2023		-		297,585		297,585		3.4	%		10.2	%
Line of credit (4)		1	%		4,370		2.3	%			Thereafter			167,889		-		167,889		1.7	%		5.8	%
Total lines of credit		1	%		4,370		2.3	%
											Total		$	1,511,502	$	1,409,744	$	2,921,246		4.6	%		100.0	%
Total debt		100	%	$	2,925,616		4.6	%

Capitalized interest for the three months and six months ended June 30, 2013 was approximately $4.4 million and $8.1 million, respectively.

(1)

This variable rate debt is tax exempt to the note holders and is subject to interest rate protection agreements.

(2)

The unsecured term loan has a variable interest rate of LIBOR plus 1.20%. 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 2.29%.

(3)

The unsecured line of credit facility is $600 million and 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 1.075%.

(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 1.075%.

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 - June 30, 2013

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

Capitalization Data

Public Bond Covenants

Actual

Requirement

Total debt

2,925,616

Debt to Total Assets:

47%

< 65%

Common stock and potentially dilutive securities

Common stock outstanding

37,318

Limited partnership units (1)

2,148

Options-treasury method

163

Secured Debt to Total Assets:

24%

< 40%

Total share of common stock and potentially dilutive securities

39,629

Common stock price per share as of June 28, 2013

158.92

Interest Coverage:

338%

> 150%

Market value of common stock and potentially dilutive securities

6,297,841

Preferred stock

73,079

Unsecured Debt Ratio (1) :

246%

> 150%

Total equity capitalization

6,370,920

Selected Credit Ratios

Actual

Total market capitalization

9,296,536

Ratio of debt to total market capitalization

31.5%

Indebtedness Divided by Adjusted EBITDA (2):

7.0x

(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:

58%

Credit Ratings

(1) Unsecured Debt Ratio is unsecured assets (excluding investments in co-investments) divided by unsecured indebtedness.

Rating Agency

Rating

Outlook

(2) Adjusted EBITDA is annualized current quarter NOI adjusted for non-recurring items and proforma NOI for current quarter acquisitions.

Fitch

BBB+

Stable

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 June 30, 2013 and 2012

(Dollars in thousands, except per unit amounts)

	Southern California									Northern California									Seattle Metro									Other real estate assets (1)				Total
	2013			2012			% Change			2013			2012			% Change			2013			2012			% Change			2013		2012		2013			2012			% Change

Revenues:
Same-property revenue	$	61,299		$	58,805			4.2	%	$	45,460		$	42,128			7.9	%	$	23,615		$	21,903			7.8	%	$	-	$	-	$	130,374		$	122,836			6.1	%
Non-same property revenue (2)		4,933			2,551						7,629			442						3,466			765						3,768		3,171		19,796			6,929
Total Revenues	$	66,232		$	61,356					$	53,089		$	42,570					$	27,081		$	22,668					$	3,768	$	3,171	$	150,170		$	129,765

Property operating expenses:
Same-property operating expenses
Real estate taxes	$	5,147		$	5,049					$	4,207		$	4,010					$	2,255		$	1,860					$	-	$	-	$	11,609		$	10,919			6.3	%
Administrative and insurance		5,387			5,305						2,884			2,879						1,776			1,798						-		-		10,047			9,982			0.7	%
Maintenance and repairs		4,319			4,096						2,906			2,738						1,704			1,556						-		-		8,929			8,390			6.4	%
Utilities		3,617			3,421						2,804			2,658						1,752			1,685						-		-		8,173			7,764			5.3	%
Management fees		1,405			1,410						899			881						634			634						-		-		2,938			2,925			0.4	%
Total same-property operating expenses		19,875			19,281			3.1	%		13,700			13,166			4.1	%		8,121			7,533			7.8	%		-		-	$	41,696		$	39,980			4.3	%
Non-same property operating expenses (2)		1,893			969						2,927			178						1,168			294						1,053		996		7,041			2,437
Total property operating expenses	$	21,768		$	20,250					$	16,627		$	13,344					$	9,289		$	7,827					$	1,053	$	996	$	48,737		$	42,417

Net operating income (NOI):
Same-property NOI	$	41,424		$	39,524			4.8	%	$	31,760		$	28,962			9.7	%	$	15,494		$	14,370			7.8	%	$	-	$	-	$	88,678		$	82,856			7.0	%
Non-same property NOI (2)
Redevelopment communities		-			-						-			-						754			471						-		-		754			471
Acquired communities - 2013 (3)		-			-						1,221			-						183			-						-		-		1,404			-
Acquired communities - 2012 (4)		3,040			1,582						3,481			264						1,361			-										7,882			1,846
Other real estate assets (1)		-			-						-			-						-			-						2,715		2,175		2,715			2,175
Total non-same property NOI		3,040			1,582						4,702			264						2,298			471						2,715		2,175		12,755			4,492
Total NOI	$	44,464		$	41,106					$	36,462		$	29,226					$	17,792		$	14,841					$	2,715	$	2,175	$	101,433		$	87,348

Same-property operating margin		68	%		67	%					70	%		69	%					66	%		66	%									68	%		67	%
Annualized same-property turnover percentage		55	%		57	%					55	%		55	%					57	%		50	%									56	%		54	%
Average same-property concessions per turn (5)	$	90		$	125					$	117		$	120					$	72		$	106									$	94		$	119

Reconciliation of apartment units at end of period
Same-property apartment units		12,941									8,106									5,932													26,979
Consolidated apartment units		13,656			13,656						9,431			8,206						6,720			6,168										29,807			28,030
Joint venture		2,039			1,560						1,378			1,895						1,290			1,530										4,707			4,985
Under development		492			492						1,728			1,728						-			275										2,220			2,495
Total apartment units at end of period		16,187			15,708						12,537			11,829						8,010			7,973										36,734			35,510
Percentage of total		44	%		45	%					34	%		33	%					22	%		22	%									100	%		100	%

Average same-property financial occupancy		95.8	%		96.0	%					96.4	%		96.8	%					96.0	%		96.2	%									96.0	%		96.3	%

(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, 2012 were either acquired or in a stage of development or redevelopment without stabilized operations.

(3)	Acquired communities during 2013 includes Annaliese and Fox Plaza.

(4)	Acquired communities during 2012 includes Reed Square, Essex Skyline at MacArthur Place, Park Catalina, The Huntington, Montebello, Park West, Domaine, Ascent, Willow Lake, and Bennett Lofts.

(5)	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 - Six Months ended June 30, 2013 and 2012

(Dollars in thousands, except per unit amounts)

	Southern California									Northern California									Seattle Metro									Other real estate assets (1)				Total
	2013			2012			% Change			2013			2012			% Change			2013			2012			% Change			2013		2012		2013			2012			% Change

Revenues:
Same-property revenue	$	122,288		$	117,365			4.2	%	$	89,996		$	83,464			7.8	%	$	46,660		$	43,469			7.3	%	$	-	$	-	$	258,944		$	244,298			6.0	%
Non-same property revenue (2)		9,773			2,551						13,863			728						6,748			1,508						7,237		6,153		37,621			10,940
Total Revenues	$	132,061		$	119,916					$	103,859		$	84,192					$	53,408		$	44,977					$	7,237	$	6,153	$	296,565		$	255,238

Property operating expenses:
Same-property operating expenses
Real estate taxes	$	10,306		$	10,097					$	8,408		$	8,021					$	4,580		$	3,720					$	-	$	-	$	23,294		$	21,838			6.7	%
Administrative and insurance		10,718			10,410						5,590			5,427						3,411			3,307						-		-		19,719			19,144			3.0	%
Maintenance and repairs		8,358			7,704						5,694			5,265						3,140			3,072						-		-		17,192			16,041			7.2	%
Utilities		7,227			6,978						5,483			5,256						3,474			3,386						-		-		16,184			15,620			3.6	%
Management fees		2,809			2,823						1,794			1,759						1,267			1,268						-		-		5,870			5,850			0.3	%
Total same-property operating expenses		39,418			38,012			3.7	%		26,969			25,728			4.8	%		15,872			14,753			7.6	%		-		-		82,259			78,493			4.8	%
Non-same property operating expenses (2)		3,746			967						5,144			296						2,372			551						1,980		2,275		13,242			4,089
Total property operating expenses	$	43,164		$	38,979					$	32,113		$	26,024					$	18,244		$	15,304					$	1,980	$	2,275	$	95,501		$	82,582

Net operating income (NOI):
Same-property NOI	$	82,870		$	79,353			4.4	%	$	63,027		$	57,736			9.2	%	$	30,788		$	28,716			7.2	%	$	-	$	-	$	176,685		$	165,805			6.6	%
Non-same property NOI (2)
Redevelopment communities		-			-						-			-						1,469			957						-		-		1,469			957
Acquired communities - 2013 (3)		-			-						1,824			-						330			-						-		-		2,154			-
Acquired communities - 2012 (4)		6,027			1,584						6,895			432						2,577			-						-		-		15,499			2,016
Other real estate assets (1)		-			-						-			-						-			-						5,257		3,878		5,257			3,878
Total non-same property NOI		6,027			1,584						8,719			432						4,376			957						5,257		3,878		24,379			6,851
Total NOI	$	88,897		$	80,937					$	71,746		$	58,168					$	35,164		$	29,673					$	5,257	$	3,878	$	201,064		$	172,656

Same-property operating margin		68	%		68	%					70	%		69	%					66	%		66	%									68	%		68	%
Annualized same-property turnover percentage		50	%		52	%					50	%		49	%					47	%		45	%									49	%		50	%
Average same-property concessions per turn (5)	$	116		$	148					$	145		$	119					$	95		$	123									$	121		$	134
Average same-property financial occupancy		96.2	%		96.3	%					96.6	%		97.0	%					96.3	%		96.5	%									96.3	%		96.6	%

(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, 2012 were either acquired or in a stage of development or redevelopment without stabilized operations.

(3)	Acquired communities during 2013 includes Annaliese and Fox Plaza.

(4)	Acquired communities during 2012 includes Reed Square, Essex Skyline at MacArthur Place, Park Catalina, The Huntington, Montebello, Park West, Domaine, Ascent, Willow Lake, and Bennett Lofts.

(5)	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 June 30, 2013, June 30, 2012 and March 31, 2013

(Dollars in thousands, except average property rental rates)

										Three months ended					Three months ended
			Average Property Rental Rates							June 30, 2013					June 30, 2012
Region	Units		QTD 2013		QTD 2012		% Change			Property Revenue		Financial Occupancy			Property Revenue		Financial Occupancy			Property Revenue % Change			Property Revenue March 31, 2013		Sequential % Change

Southern California
Los Angeles County		4,805	$	1,784	$	1,696		5.2	%	$	25,991		95.5	%	$	24,811		96.2	%		4.8	%	$	25,928		0.2	%
Ventura County		2,898		1,394		1,352		3.1	%		12,496		96.5	%		12,040		96.0	%		3.8	%		12,446		0.4	%
Orange County		2,402		1,661		1,592		4.3	%		12,054		95.8	%		11,536		95.9	%		4.5	%		11,922		1.1	%
San Diego County		2,213		1,222		1,188		2.9	%		8,343		95.6	%		8,108		96.3	%		2.9	%		8,285		0.7	%
Santa Barbara County		347		1,679		1,674		0.3	%		1,775		97.3	%		1,678		92.8	%		5.8	%		1,779		-0.2	%
Riverside County		276		801		785		2.0	%		640		91.3	%		632		91.6	%		1.3	%		629		1.7	%
Total same-property		12,941		1,554		1,493		4.1	%		61,299		95.8	%		58,805		96.0	%		4.2	%		60,989		0.5	%
Los Angeles County		90		1,822							491					59
Orange County		625		2,255							4,442					2,492
Non-same property		715		2,111							4,933					2,551

Northern California
Santa Clara County		3,671		1,967		1,804		9.0	%		21,821		96.2	%		20,206		97.2	%		8.0	%		21,393		2.0	%
Contra Costa County		1,720		1,677		1,592		5.3	%		8,776		96.4	%		8,304		95.9	%		5.7	%		8,619		1.8	%
Alameda County		1,542		1,619		1,498		8.1	%		7,826		97.1	%		7,209		96.6	%		8.6	%		7,644		2.4	%
San Mateo County		768		2,003		1,800		11.3	%		4,799		97.4	%		4,290		97.4	%		11.9	%		4,655		3.1	%
San Francisco MSA		175		2,248		2,013		11.7	%		1,116		90.2	%		1,042		94.4	%		7.1	%		1,133		-1.5	%
Other		230		1,596		1,535		4.0	%		1,122		97.1	%		1,077		96.6	%		4.2	%		1,093		2.7	%
Total same-property		8,106		1,838		1,697		8.3	%		45,460		96.4	%		42,128		96.8	%		7.9	%		44,537		2.1	%
San Francisco MSA		717		2,182							4,219					-
Santa Clara County		608		1,919							3,410					442
Non-same property		1,325		2,009							7,629					442

Seattle Metro
King County		5,467		1,283		1,193		7.5	%		22,281		96.4	%		20,664		96.5	%		7.8	%		21,697		2.7	%
Snohomish County		465		949		868		9.3	%		1,334		94.0	%		1,239		93.2	%		7.7	%		1,348		-1.0	%
Total same-property		5,932		1,256		1,167		7.7	%		23,615		96.0	%		21,903		96.2	%		7.8	%		23,045		2.5	%
King County		788		1,521							3,466					765
Non-same property		788		1,521							3,466					765

Other real estate assets											3,768					3,171

Total same-property revenue		26,979	$	1,574	$	1,483		6.2	%	$	130,374		96.0	%	$	122,836		96.3	%		6.1	%	$	128,571		1.4	%

Total non-same property revenue		2,828	$	1,880						$	19,796				$	6,929

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 - Six Months ended June 30, 2013 and 2012

(Dollars in thousands, except average property rental rates)

										Six months ended					Six months ended
			Average Property Rental Rates							June 30, 2013					June 30, 2012
Region	Units		YTD 2013		YTD 2012		% Change			Property Revenue		Financial Occupancy			Property Revenue		Financial Occupancy			Property Revenue % Change

Southern California
Los Angeles County		4,805	$	1,771	$	1,685		5.1	%	$	51,919		96.1	%	$	49,510		96.7	%		4.9	%
Ventura County		2,898		1,389		1,345		3.3	%		24,941		96.7	%		24,058		96.4	%		3.7	%
San Diego County		2,213		1,216		1,186		2.5	%		16,628		95.8	%		16,198		96.2	%		2.7	%
Orange County		2,402		1,650		1,583		4.2	%		23,975		96.1	%		23,002		96.1	%		4.2	%
Santa Barbara County		347		1,674		1,668		0.4	%		3,554		97.4	%		3,350		94.0	%		6.1	%
Riverside County		276		800		781		2.4	%		1,271		90.4	%		1,247		91.1	%		1.9	%
Total same-property		12,941		1,545		1,485		4.0	%		122,288		96.2	%		117,365		96.3	%		4.2	%
Los Angeles County		90		1,807							979					59
Orange County		625		2,235							8,794					2,492
Non-same property		715		2,021							9,773					2,551

Northern California
Santa Clara County		3,671		1,943		1,780		9.2	%		43,214		96.6	%		39,843		97.4	%		8.5	%
Contra Costa County		1,720		1,662		1,579		5.3	%		17,395		96.4	%		16,553		96.3	%		5.1	%
Alameda County		1,542		1,600		1,487		7.6	%		15,470		97.1	%		14,365		96.6	%		7.7	%
San Mateo County		768		1,982		1,774		11.7	%		9,454		97.3	%		8,455		97.5	%		11.8	%
San Francisco MSA		175		2,212		1,981		11.7	%		2,249		92.3	%		2,087		96.2	%		7.8	%
Other		230		1,584		1,530		3.5	%		2,214		96.5	%		2,161		97.3	%		2.5	%
Total same-property		8,106		1,817		1,678		8.3	%		89,996		96.6	%		83,464		97.0	%		7.8	%
San Francisco MSA		717		2,182							7,136					-
Santa Clara County		608		1,856							6,727					728
Non-same property		1,325		2,019							13,863					728

Seattle Metro
King County		5,467		1,268		1,178		7.6	%		43,979		96.5	%		40,988		96.7	%		7.3	%
Snohomish County		465		934		855		9.2	%		2,681		95.4	%		2,481		94.0	%		8.1	%
Total same-property		5,932		1,241		1,153		7.6	%		46,660		96.3	%		43,469		96.5	%		7.3	%
King County		788		1,492							6,748					1,508
Non-same property		788		1,492							6,748					1,508

Other real estate assets											7,237					6,153

Total same-property revenue		26,979	$	1,560	$	1,469		6.2	%	$	258,944		96.3	%	$	244,298		96.6	%		6.0	%

Total non-same property revenue		2,828	$	1,844						$	37,621				$	10,940

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 - June 30, 2013

(Dollars in millions, except per unit amounts in thousands)

		Ownership %			Estimated Units		Estimated retail sq. feet		Incurred to Date		Remaining Costs		Estimated Total Cost		Cost Per Unit		Construction Start	Initial Occupancy	Stabilized Operations
Development Projects - Consolidated
Project Name	Location
64th & Christie	Emeryville, CA		100	%		190		-	$	26.5	$	35.1	$	61.6	$	324.2	Q3 2012	Q3 2014	Q1 2015
The Avery	Valley Village, CA		(1	)		121		-		1.9		35.7		37.6		310.7	Q3 2012	Q1 2014	Q2 2014
Total Development Projects - Consolidated						311		-		28.4		70.8		99.2		319.0

Predevelopment Projects - Consolidated
Project Name	Location
City Centre	Moorpark, CA		100	%		200		-		11.0		-		11.0
The Village	Walnut Creek, CA		50	%		49		35,000		30.1		-		30.1
Other Projects	various					-		-		0.7		-		0.7
Total Predevelopment Projects - Consolidated						249		35,000		41.8		-		41.8
Total Development Pipeline - Consolidated						560		35,000		70.2		70.8		141.0

Development Projects - Joint Venture
Project Name	Location
Epic - Phase I and II	San Jose, CA		55	%		569		-		159.6		32.0		191.6		336.8	Q3 2011	Q2 2013	Q4 2014
Connolly Station	Dublin, CA		55	%		309		-		72.0		22.5		94.5		305.8	Q3 2011	Q3 2013	Q2 2014
The Huxley	West Hollywood, CA		50	%		187		18,200		56.7		18.3		75.0		401.1	Q4 2011	Q1 2014	Q3 2014
The Dylan	West Hollywood, CA		50	%		184		12,750		50.1		25.3		75.4		409.8	Q4 2011	Q2 2014	Q4 2014
Mosso I and Mosso II	San Francisco, CA		55	%		463		9,300		139.1		110.9		250.0		540.0	Q2 2012	Q2 2014	Q1 2015
Elkhorn	San Mateo, CA		55	%		197		-		37.2		38.9		76.1		386.3	Q3 2012	Q2 2014	Q4 2014
One South Market	San Jose, CA		55	%		312		6,000		17.1		128.0		145.1		465.1	Q3 2013	Q3 2015	Q2 2016
Total Development Projects - Joint Venture						2,221		46,250		531.8		375.9		907.7		408.7

Predevelopment Projects - Joint Venture
Project Name	Location
Epic - Phase III	San Jose, CA		55	%		200		-		23.7		-		23.7
Total Development Pipeline - Joint Venture						2,421		46,250		555.5		375.9		931.4

Grand Total - Development Pipeline						2,981		81,250	$	625.7	$	446.7	$	1,072.4

(1)	The Company invested $1.0 million and has incurred $0.9 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 - June 30, 2013

(Dollars in thousands, except per unit amounts)

			Total		Estimated		Estimated			NOI
			Incurred		Remaining		Total		Project	For the six months ended
Region/Project Name	Units		To Date		Cost		Cost		Start Date	2013		2012

Same-property - Redevelopment Projects (1) (2)
Northern California
Marina Cove, Santa Clara, CA		292	$	6,916	$	7,138	$	14,054	Jun-07
Pointe at Cupertino, Cupertino, CA		116		7,851		2,105		9,956	Jan-10
Magnolia Square, Sunnyvale, CA		188		9,023		4,270		13,293	Sep-10
Southern California
CentrePointe , San Diego, CA		224		10,253		2,704		12,957	Oct-11
Fairway @ Big Canyon		74		2,304		3,512		5,816	Nov-12
Total Same-property - Redevelopment Projects		894	$	36,347	$	19,729	$	56,076		$	6,991	$	6,365

Same-Property Redevelopment Vacancy Loss										$	1,190	$	592

Non-same property - Redevelopment Projects
Seattle Metro
Woodland Commons, Bellevue, WA		302		14,561		842		15,403	Jun-07
Total Non-same property - Redevelopment Projects		302	$	14,561	$	842	$	15,403		$	1,469	$	957

(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 $0.8 million and $1.2 million of vacancy loss for the same-property portfolio, and $1.2 million and $1.7 million of vacancy loss for the total portfolio, during the three and six months ended June 30, 2013, respectively. The Company completed the redevelopment of interiors totaling 482 and 705 units for the same-property portfolio and 507 and 730 units for the total portfolio, during the three and six months ended June 30, 2013, respectively. The Company's co-investments incurred $0.1 million of vacancy loss during the six months ended June 30, 2013 related to the redevelopment of 41 unit interiors.

Non-revenue Generating Capital Expenditures		Q2 2013		Q1 2013		Q4 2012		Q3 2012		Q2 2012		Q1 2012		Q4 2011

Non-revenue generating capital expenditures	$	8,330	$	4,019	$	14,715	$	8,736	$	5,840	$	1,200	$	12,144
Average apartment units in quarter		29,338		28,900		28,269		27,815		27,457		27,221		27,241
Capital expenditures per apartment unit in the quarter	$	284	$	139	$	521	$	314	$	213	$	44	$	446
Capital expenditures per apartment unit-trailing four quarters	$	1,220	$	1,153	$	1,079	$	1,004	$	926	$	895	$	958

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 - June 30, 2013	Essex					Total				Essex		Weighted			Remaining		For the Quarter						For the Six Months
(Dollars in thousands)	Ownership					Undepreciated		Debt		Book		Average			Term of		Ended June 30,						Ended June 30, 2012
	Percentage			Units		Book Value		Amount		Value		Borrowing Rate			Debt/(in Years)		2013			2012			2013			2012

Operating Non-consolidated Joint Ventures																	Net Operating Income

Essex Apartment Value Fund II, L.P. (Fund II) (1)		28.2	%		1,062	$	224,574	$	55,447	$	23,945		5.1	%		0.9	$	4,042		$	3,657		$	8,067		$	7,301
Wesco I, LLC (2)		50.0	%		2,713		663,835		358,610		142,704		4.0	%		9.7		8,363			5,398			16,455			10,701
Wesco III, LLC (2) (3)		50.0	%		657		159,995		84,080		37,917		2.8	%		6.9		801			-			1,430			-
Expo (4)		50.0	%		275		63,255		29,453		18,989		2.0	%		1.0		920			-			1,305			-
Total Operating Non-consolidated Joint Ventures					4,707	$	1,111,659	$	527,590	$	223,555		3.8	%		7.8	$	14,126		$	9,055		$	27,257		$	18,002

																	Essex Portion of NOI and Expenses
Essex portion of NOI																	$	6,182		$	3,730		$	11,870		$	7,409
Essex portion of depreciation																		(3,777	)		(3,366	)		(7,619	)		(7,750	)
Essex portion of interest expense and other																		(1,804	)		(477	)		(3,691	)		(688	)
Essex portion of gain																		2,366			-			2,366			-
Essex portion of net income (loss) from operating co-investments																	$	2,967		$	(113	)	$	2,926		$	(1,029	)

Development Joint Ventures (5) (6)		50/55	%		2,421	$	555,464	$	79,100		263,384		1.6	%		33.4	$	(15	)	$	-		$	(15	)	$	-

			Weighted Average Preferred Return			Weighted Average Expected Term		Income from Preferred Equity Investments Equity Investments

Preferred Equity Investments (7)		131,320		10.3	%		4.6	$	4,330	$	3,224	$	8,582	$	6,480

Total Co-investments	$	618,259						$	7,282	$	3,111	$	11,493	$	5,451

(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. During Q4 2012, 7 of the 14 properties in Fund II were sold. During Q2 2013, one additional property was sold, and two additional properties were sold in July 2013.

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

(3)	The Company has provided two bridge loans totaling $56.8 million to Wesco III at a rate of LIBOR + 250, permanent financing is expected to be placed on the Gas Company Lofts and Regency at Mt. View by the end of Q3 2013.

(4)	NOI generated from the lease-up of Expo was included in Development Joint Ventures in the prior year; operations from Expo were reclassified to Operating Joint Ventures in Q1 2013.

(5)	The Company has interests in seven development co-investments, which are detailed on S-9. NOI generated from the lease-up of Epic is included in Development Joint Ventures.

(6)	The Huxley and The Dylan have a combined $79.1 million of long-term tax-exempt bond debt that are subject to total return swaps that mature in 2016.

(7)	Included in preferred equity income are early redemption fees earned totaling $0.5 million and $0.9 million for the three and six months ended June 30, 2013.

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 - June 30, 2013

(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:

									Operations for the six months ended
	Balance as of June 30, 2013								June 30, 2013
	Investment in		Related		Noncontrolling		DownREIT				Operating
	Real Estate		Debt		Interest		Units Outstanding (1)		Revenue		Expenses		NOI

Noncontrolling Interest - DownREIT:
Barkley Apartments	$	8,413	$	16,659	$	1,696		74,248	$	1,304	$	462	$	842
Brentwood		13,526		19,114		2,568		58,884		1,286		353		933
Brookside Oaks		31,751		19,813		2,327		84,095		1,920		397		1,523
Capri at Sunny Hills		15,879		-		2,949		158,890		1,245		362		883
Hidden Valley (2)		37,515		30,315		6,089		62,647		2,786		858		1,928
Highridge Apartments		30,365		44,807		2,826		270,158		3,272		703		2,569
Montejo Apartments		8,019		13,186		1,216		29,319		955		242		713
The Elliot at Mukilteo		15,685		10,750		1,212		100,713		1,663		701		962
Magnolia Square		31,542		18,300		6,356		57,231		1,743		488		1,255
Fairhaven Apartments		12,796		17,112		2,951		67,728		1,318		355		963
Valley Park Apartments		13,574		22,387		296		21,630		1,484		377		1,107
Villa Angelina Apartments		19,357		27,292		1,593		43,552		2,000		490		1,510

	$	238,422	$	239,735		32,079		1,029,095	$	20,976	$	5,788	$	15,188

Other Components of Noncontrolling Interest:
Hillsdale Garden Apartments (3)	$	109,480				20,239			$	8,543	$	2,778	$	5,765
Joint Venture - Development (4)	$	30,100				4,000
Operating Limited Partnership Units and Other						55,571
Total Noncontrolling Interest					$	111,889

(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 - June 30, 2013

(Dollars in thousands)

Income from Discontinued Operations

No communities were sold or held for sale for the six months ended June 30, 2013. During the six months ended June 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 net gain of $9.8 million.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
Rental revenues	$	-	$	-	$	-	$	608
Property operating expenses		-		-		-		(260	)
Depreciation and amortization		-		-		-		(94	)
Income from real estate sold		-		-		-		254
Gain on sale, net of internal disposition costs and taxes		-		-		-		9,783
Income from discontinued operations	$	-	$	-	$	-	$	10,037

Shares Outstanding and Potentially Dilutive Securities

	Q2 2013		Actual		YTD 2013
	Weighted Avg.		As of 6/30/13		Weighted Avg.
Common Shares		37,292,720		37,317,662		37,149,120
Stock Options and Series G Preferred Stock		132,449		163,509		127,030
Weighted Avg. Shares Diluted - EPS		37,425,169		37,481,171		37,276,150
Operating Limited Partnership Units		2,151,494		2,147,970		2,115,670
Weighted Avg. Shares Diluted - FFO		39,576,663		39,629,141		39,391,820

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 2013 FFO Guidance Range

Q2 2013 Earnings Results Supplement

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

				Low - end of			High - end of
	Actual			Guidance range			Guidance range
	YTD 2013			2013			2013			Changes from Original 2013 Guiance
Net Operating Income ("NOI")
Total NOI from consolidated communities	$	201,064		$	407,900		$	409,200		Tightened same-property revenue guidance to a range of 5.8% to 6.2% and NOI guidance to a range of 7.0% to 7.4%.

Management Fees		6,182			11,600			12,100

Interest Expense
Interest and amortization expense, before capitalized interest		(65,547	)		(134,000	)		(132,000	)
Projected interest capitalized		8,079			16,400			17,400		Capitalized interest updated for timing of development spend, and higher borrowing cost.
Net interest expense		(57,468	)		(117,600	)		(114,600	)

Recurring Income and Expenses
Interest and other income		4,328			8,100			8,500
FFO from co-investments		15,692			29,400			31,000		Equity income updated for Wesco III acquisitions and repayment of preferred equity investment.
General and administrative expense		(12,295	)		(23,317	)		(24,317	)
Cost of management and other fees		(3,434	)		(6,800	)		(6,800	)
Preferred dividends and non-controlling interest		(6,627	)		(13,000	)		(13,000	)
		(2,336	)		(5,617	)		(4,617	)

Non-Core Income and Expenses
Promote income from co-investment		-			-			4,000
Gains on sales of marketable securities, land, note prepayment		4,114			4,114			4,114
Gains from early redemption of preferred equity investments		946			946			946
Gain (Loss) on early retirement of debt		1,024			400			600
Acquisition costs		(555	)		(1,500	)		(1,750	)
		5,529			3,960			7,910

Funds from Operations	$	152,971		$	300,243		$	309,993

Funds from Operations per diluted Share	$	3.88		$	7.60		$	7.85

% Change - Funds from Operations		16.8	%		13.3	%		16.9	%

Funds from Operations excluding non-core items	$	147,442		$	296,283		$	302,083

Core Funds from Operations per diluted Share	$	3.74		$	7.50		$	7.65

% Change - Core Funds from Operations		13.4	%		10.0	%		12.1	%

Weighted average shares outstanding		39,391,820			39,510,000			39,510,000

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

Twelve month rolling activity ending June 30, 2013

(Dollars in thousands)

Acquisitions				Essex
				Ownership					Purchase			Assumed Debt		Assumed Debt			Assumed Debt			Price per		Average
Property Name	Location	Units		Percentage			Ownership	Date	Price			Principal		Stated Rate			Effective Rate			Unit		Rent (1)

Montebello	Kirkland, WA		248		100	%	EPLP	Jul-12	$	52,000		$	26,515		5.6	%		3.1	%	$	210	$	1,341
Riley Square	Santa Clara, CA		156		50	%	Wesco I, LLC	Aug-12		38,250			17,500		5.2	%		3.1	%		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		5.7	%		3.0	%		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		100	%	EPLP	Oct-12		148,000			-								291		1,758
Madrid (2)	Mission Viejo, CA		230		50	%	Wesco I, LLC	Nov-12		(2	)		33,266		5.3	%		2.6	%		-		1,616
Haver Hill	Fullerton, CA		264		50	%	Wesco III, LLC	Nov-12		45,600			-								173		1,283
Bennett Lofts (3)	San Francisco, CA		113		100	%	EPLP	Dec-12		73,730			-								652		3,028
Pacific Electric Lofts (2)	Los Angeles, CA		314		50	%	Wesco I, LLC	Dec-12		(2	)		46,939		4.0	%		2.5	%		-		1,722
	Q4 2012 Total		1,519							450,180			80,205								296

Annaliese	Seattle, WA		56		100	%	EPLP	Jan-13		19,000			-								339		1,734
Bennett Lofts (3)	San Francisco, CA		34		100	%	EPLP	Jan-13		22,220			-								654		3,028
Fox Plaza (4)	San Francisco, CA		444		100	%	EPLP	Feb-13		135,000			-								257		1,878
	Q1 2013 Total		534							176,220			-								291

Regency at Mountain View	Mountain View, CA		142		50	%	Wesco III, LLC	May-13		42,500			-								299		2,012
Gas Company Lofts	Los Angeles, CA		251		50	%	Wesco III, LLC	Jun-13		71,000			-								283		2,017
	Q2 2013 Total		393						$	113,500		$	-							$	289

Dispositions				Essex
				Ownership				Sales		Price per
Regency at Mountain View		Units		Percentage			Ownership	Price		Unit
	2012 Total		1,688		28.2	%	Fund II	$	412,950	$	245

	2013 Total		924		28.2	%	Fund II	$	270,400	$	293

(1)	Average rent represents the average in-place scheduled rent at the community at the time of initial acquisition.

(2)	In accordance with terms of the related purchase and sale agreements, purchase and sale price of the properties are not being disclosed by the Company.

(3)	The 147 unit apartment community was acquired in two phases for $96.0 million. Approximately 75% was acquired in December 2012 with the remainder acquired on January 8, 2013.

(4)	The price per unit excludes $21.0 million attributed to the allocation of cost of the retail and parking garage at the community.

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

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

	Residential Supply (1)												Job Forecast (2)					Market Forecast (3)
Market	New MF Supply		New SF Supply		Total Supply		% of MF Supply to MF Stock			% of Total Supply to Total Stock			Est.New Jobs Dec-Dec		% Growth			Estimated Rent Growth			Estimated Year End Occupancy

Seattle		6,900		5,888		12,788		1.7	%		1.1	%		41,000		2.8	%		6.5	%		96.0	%

San Francisco		4,000		441		4,441		1.1	%		0.6	%		25,500		2.5	%		7.0	%		96.7	%
Oakland		1,800		2,563		4,363		0.6	%		0.4	%		18,000		1.8	%		6.5	%		96.5	%
San Jose		4,100		1,475		5,575		1.9	%		0.9	%		25,000		2.7	%		7.5	%		96.7	%
No. Cal.		9,900		4,479		14,379		1.1	%		0.6	%		68,500		2.3	%		7.1	%		96.6	%

Ventura		500		224		724		0.8	%		0.3	%		3,500		1.2	%		4.0	%		95.5	%
Los Angeles		5,000		2,667		7,667		0.3	%		0.2	%		45,000		1.1	%		6.0	%		95.5	%
Orange		2,800		2,111		4,911		0.8	%		0.5	%		25,000		1.8	%		5.3	%		96.0	%
San Diego		3,200		2,133		5,333		0.8	%		0.5	%		19,000		1.5	%		4.0	%		95.5	%
So. Cal.		11,500		7,135		18,635		0.5	%		0.3	%		92,500		1.3	%		5.2	%		95.6	%

Weighted Average (4)		28,300		17,502		45,802		0.8	%		0.5	%		202,000		1.8	%		6.0	%		96.0	%

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

U.S. Economic Assumptions: 2013 G.D.P. Growth: 2.3% , 2013 Job Growth: 1.6%

(1) New Residential Supply: MF reflects Company's internal estimate of actual multifamily deliveries; SF is based on 12 month single family trailing permits reported by the US Census Bureau

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

(3) Market Forecast: the estimated rent growth represents the forecasted change in effective market rents for Q4 2013 vs Q4 2012 (excludes submarkets not targeted by Essex). The estimated year end occupancy represents the Company's forecast of physical market occupancy rates at 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

ESSEX PROPERTY TRUST, INC. APARTMENT COMMUNITIES

Real Estate Information as of July 31, 2013

					Square	Year	Year	Property	Age of
Property Name	Address	City	State	Units	Footage	Acquired	Built	Ownership	Property


NORTHERN CALIFORNIA
Santa Clara County
The Commons	275 Union Avenue	Campbell	CA	264	153,168	2010	1973	EPLP	40
Pointe at Cupertino	19920 Olivewood Street	Cupertino	CA	116	135,200	1998	1963	EPLP	50
Regency at Mountain View	333 Escuela Avenue	Mountain View	CA	142	127,600	2013	1970	Wesco III	43
Bella Villagio	383 Vista Roma Way	San Jose	CA	231	227,511	2010	2004	EPLP	9
Epic - Phases I & II	545 River Oaks Parkway	San Jose	CA	569	472,236			JV-55%
Carlyle, The	2909 Nieman Boulevard	San Jose	CA	132	129,200	2000	2000	EPLP	13
Esplanade	350 East Taylor St.	San Jose	CA	278	279,000	2004	2002	EPLP	11
One South Market	1 S. Market Street	San Jose	CA	312	283,268			JV-55%
Waterford, The	1700 N. First Street	San Jose	CA	238	219,600	2000	2000	EPLP	13
101 San Fernando	99 S. Fourth Street	San Jose	CA	323	296,078	2010	2001	EPLP	12
Willow Lake	1331 Lakeshore Circle	San Jose	CA	508	471,744	2012	1989	EPLP	24
1000 Kiely	1000 Kiely Blvd.	Santa Clara	CA	121	128,486	2011	1971	EPLP	42
Le Parc	440 N. Winchester Avenue	Santa Clara	CA	140	113,200	1994	1975	EPLP	38
Marina Cove	3480 Granada Avenue	Santa Clara	CA	292	250,200	1994	1974	EPLP	39
Riley Square	3707 Poinciana Drive	Santa Clara	CA	156	126,900	2012	1972	Wesco I	41
Bristol Commons	732 E. Evelyn Avenue	Sunnyvale	CA	188	142,600	1995	1989	EPLP	24
Brookside Oaks	1651 Belleville Way	Sunnyvale	CA	170	119,900	2000	1973	DownREIT	40
Magnolia Lane	113 South Mary Avenue	Sunnyvale	CA	32	31,541	2007	2001	EPLP	12
Montclaire	450 N. Mathilda Avenue	Sunnyvale	CA	390	294,100	1988	1973	EPLP	40
Reed Square	1070 Reed Avenue	Sunnyvale	CA	100	95,440	2011	1970	EPLP	43
Summerhill Park	972 Corte Madera Avenue	Sunnyvale	CA	100	78,500	1988	1988	EPLP	25
Magnolia Square	107 South Mary Avenue	Sunnyvale	CA	156	110,824	2007	1969	DownREIT	44
Via	315 Tasman Drive	Sunnyvale	CA	284	309,421	2011	2011	EPLP	2
Windsor Ridge	825 E. Evelyn Avenue	Sunnyvale	CA	216	161,800	1989	1989	EPLP	24
			14%	4,577	4,002,013
Alameda County
Fourth & U	700 University Avenue	Berkeley	CA	171	146,255	2010	2010	EPLP	3
Briarwood	4200 Bay Street	Fremont	CA	160	111,160	2011	1978	Wesco I	35
Stevenson Place	4141 Stevenson Blvd.	Fremont	CA	200	146,200	2000	1975	EPLP	38
The Woods	40640 High Street	Fremont	CA	160	105,280	2011	1978	Wesco I	35
Boulevard	40001 Fremont Blvd.	Fremont	CA	172	131,200	1996	1978	EPLP	35
City View	25200 Carlos Bee Blvd.	Hayward	CA	572	462,400	1998	1975	EPLP	38
The Grand	100 Grand Avenue	Oakland	CA	243	205,026	2009	2009	EPLP	4
Bridgeport	36826 Cherry Street	Newark	CA	184	139,000	1987	1987	EPLP	26
Alderwood Park Apartments	37057 Magnolia Street	Newark	CA	96	74,624	2006	1987	Fund II	26
			6%	1,958	1,521,145
Contra Costa County
Connolly Station	7550 St. Patrick Way	Dublin	CA	309	286,348			JV-55%
64th & Christie	64th and Christie Avenue	Emeryville	CA	190	148,935			EPLP
San Marcos	2601 Hilltop Drive	Richmond	CA	432	407,600	2003	2003	EPLP	10
Bel Air	2000 Shoreline Drive	San Ramon	CA	462	391,000	1995	1988	EPLP	25
Foothill Gardens	1110 Harness Drive	San Ramon	CA	132	155,100	1997	1985	EPLP	28
Twin Creeks	2711-2731 Morgan Drive	San Ramon	CA	44	51,700	1997	1985	EPLP	28
Canyon Oaks	1 Amberstone Lane	San Ramon	CA	250	237,894	2007	2005	EPLP	8
Mill Creek at Windermere	2100 Waterstone Place	San Ramon	CA	400	381,060	2007	2005	EPLP	8
			5%	1,720	1,624,354
San Mateo County
Carlmont Woods	2515 Carlmont Drive	Belmont	CA	195	107,200	2004	1971	Fund II	42
Belmont Terrace	1606 Continetals Way	Belmont	CA	71	72,951	2006	1974	EPLP	39
Davey Glen	200 Davey Glen Road	Belmont	CA	69	65,974	2006	1962	Fund II	51
Hillsdale Garden	3421 Edison Avenue	San Mateo	CA	697	611,505	2006	1948	JV - 81.5%	65
Elkhorn	1950 Elkhorn Court	San Mateo	CA	197	140,547			JV - 55%
			3%	1,032	857,630

San Francisco and Marin Counties
Mt. Sutro Terrace Apartments	480 Warren Drive	San Francisco	CA	99	64,000	1999	1973	EPLP	40
Park West	121 Funston	San Francisco	CA	126	90,060	2012	1958	EPLP	55
Bennett Lofts	530, 542, 548 Brannan	San Francisco	CA	147	184,713	2012	2004	EPLP	9
	208 Pennsylvania and 1001 Mariposa
Mosso I. and Mosso II.	900 Folsom Street and 250 Fifth Street	San Francisco	CA	463	371,072			JV-55%
Vista Belvedere	15 Red Hill Circle	Tiburon	CA	76	78,300	2004	1963	EPLP	50
Fox Plaza	1390 Market Street	San Francisco	CA	444	230,017	2013	1968	EPLP	45
			3%	892	647,090

Other
Tuscana	315 Mt. Oso	Tracy	CA	30	29,088	2007	2007	EPLP	6
Harvest Park	2327 Summercreek Drive	Santa Rosa	CA	104	116,628	2007	2004	EPLP	9
Chestnut Street Apartments	143 Chestnut Avenue	Santa Cruz	CA	96	87,640	2008	2002	EPLP	11
			1%	230	233,356

Total Northern California			31%	10,409	8,885,588				29

ESSEX PROPERTY TRUST, INC. APARTMENT COMMUNITIES

Real Estate Information as of July 31, 2013

					Square	Year	Year	Property	Age of
Property Name	Address	City	State	Units	Footage	Acquired	Built	Ownership	Property

SOUTHERN CALIFORNIA
Los Angeles County
Regency at Encino	15506 Moorpark Street	Encino	CA	75	78,487	2009	1989	EPLP	24
416 on Broadway	412 East Broadway	Glendale	CA	115	126,782	2010	2009	EPLP	4
Hampton Court	1136 N. Columbus Avenue	Glendale	CA	83	71,500	1999	1974	EPLP	39
Hampton Place	245 W. Loraine Street	Glendale	CA	132	141,500	1999	1970	EPLP	43
Marbrisa	1809 Termino Ave.	Long Beach	CA	202	122,800	2002	1987	EPLP	26
Pathways at Bixby Village	5945 E. Pacific Coast Hwy.	Long Beach	CA	296	197,700	1991	1975	EPLP	38
Bellerive	1921 Beloit Avenue	Los Angeles	CA	63	79,296	2011	2011	EPLP	2
Bunker Hill	222 and 234 S. Figueroa St.	Los Angeles	CA	456	346,600	1998	1968	EPLP	45
Cochran Apartments	612 South Cochran	Los Angeles	CA	58	51,400	1998	1989	EPLP	24
Gas Company Lofts	810 S. Flower Street	Los Angeles	CA	251	226,666	2013	2004	Wesco III	9
Kings Road	733 North Kings Road	Los Angeles	CA	196	132,100	1997	1979	EPLP	34
Marbella	600 South Detroit Street	Los Angeles	CA	60	50,108	2005	1991	EPLP	22
Belmont Station	1302 West 2nd St.	Los Angeles	CA	275	225,000	2009	2009	EPLP	4
Pacific Electric Lofts	610 South Main Street	Los Angeles	CA	314	277,980	2012	2006	Wesco I	7
Park Catalina	690 South Catalina Street	Los Angeles	CA	90	72,864	2012	2002	EPLP	11
Park Place	400 S. Detroit Street	Los Angeles	CA	60	48,000	1997	1988	EPLP	25
Windsor Court	401 S. Detroit Street	Los Angeles	CA	58	46,600	1997	1988	EPLP	25
Santee Court	716 S. Los Angeles Street	Los Angeles	CA	165	132,040	2010	2004	EPLP	9
Santee Village	743 South Santee Street	Los Angeles	CA	73	69,817	2011	2011	EPLP	2
Marina City Club	4333 Admiralty Way	Marina Del Rey	CA	101	127,200	2004	1971	EPLP	42
Mirabella	13701 Marina Point Drive	Marina Del Rey	CA	188	176,800	2000	2000	EPLP	13
Muse	5451 Vineland Avenue	North Hollywood	CA	152	135,292	2011	2011	EPLP	2
Monterra del Mar	280 E. Del Mar Boulevard	Pasadena	CA	123	74,400	1997	1972	EPLP	41
Monterra del Rey	350 Madison	Pasadena	CA	84	73,100	1999	1972	EPLP	41
Monterra del Sol	280 South Euclid	Pasadena	CA	85	69,200	1999	1972	EPLP	41
Fountain Park	13141 Fountain Park Drive	Playa Vista	CA	705	608,900	2004	2002	EPLP	11
Highridge	28125 Peacock Ridge Drive	Rancho Palos Verde	CA	255	290,200	1997	1972	DownREIT	41
Coldwater Canyon	4250 Codlwater Canyon	Studio City	CA	39	34,125	2007	1979	EPLP	34
Allegro	11945 Magnolia Blvd.	Valley Village	CA	97	127,812	2010	2010	EPLP	3
The Avery	12005 Albers Street	Valley Village	CA	121	129,393			EPLP
Walnut Heights	20700 San Jose Hills Road	Walnut	CA	163	146,700	2003	1964	EPLP	49
The Huxley	1216-1234 North La Brea Avenue	West Hollywood	CA	187	154,776			JV - 50%
The Dylan	1111 North La Brea Avenue	West Hollywood	CA	184	150,678			JV - 50%
Avondale at Warner Center	22222 Victory Blvd.	Woodland Hills	CA	446	331,000	1999	1970	EPLP	43
Reveal	21201 Kittridge Street	Woodland Hills	CA	438	414,892	2011	2010	Wesco I	3
			17%	5,898	5,106,861
Ventura County
Camarillo Oaks	921 Paseo Camarillo	Camarillo	CA	564	459,000	1996	1985	EPLP	28
Camino Ruiz Square	105 Camino Ruiz	Camarillo	CA	160	105,448	2006	1990	EPLP	23
Arbors at Parc Rose	1500 Tulipan Circle	Oxnard	CA	373	503,196	2011	2001	Wesco I	12
Mariner's Place	711 South B Street	Oxnard	CA	105	77,200	2000	1987	EPLP	26
Tierra Vista	1750 Montevina Circle	Oxnard	CA	404	387,100	2001	2001	EPLP	12
Monterey Villas	1040 Kelp Lane	Oxnard	CA	122	122,100	1997	1974	EPLP	39
Meadowood	1733 Cochran Street	Simi Valley	CA	320	264,500	1996	1986	EPLP	27
Hidden Valley	5065 Hidden Park Court	Simi Valley	CA	324	310,900	2004	2004	DownREIT	9
Lofts at Pinehurst,The	1021 Scandia Avenue	Ventura	CA	118	71,100	1997	1971	EPLP	42
Hillcrest Park	1800 West Hillcrest Drive	Newbury Park	CA	608	521,900	1998	1973	EPLP	40
Pinehurst	3980 Telegraph Road	Ventura	CA	28	21,200	2004	1973	EPLP	40
Woodside Village	675 Providence Ave.	Ventura	CA	145	136,500	2004	1987	EPLP	26
			10%	3,271	2,980,144

Santa Barbara County
The Sweeps	775 Camino Del Sur Drive	Goleta	CA	91		2006	1967	EPLP	46
CBC	6721 El Colegio Drive	Goleta	CA	148		2006	1962	EPLP	51
Hope Ranch	3968-3974 & 3999 Via Lucero	Santa Barbara	CA	108		2007	1965/73	EPLP	48/40
			1%	347	306,608
Orange County
Anavia	2045 South State College Blvd.	Anaheim	CA	250	312,343	2010	2009	EPLP	4
Barkley Apartments	2400 E. Lincoln Ave.	Anahiem	CA	161	139,800	2000	1984	DownREIT	29
Valley Park Apartments	17300 Euclid Ave.	Fountain Valley	CA	160	169,700	2001	1969	DownREIT	44
Capri at Sunny Hills	2341 Daphne Place	Fullerton	CA	100	128,100	2001	1961	DownREIT	52
Haver Hill	3100 East Yorba Linda Boulevard	Fullerton	CA	264	224,130	2012	1973	Wesco III	40
Wilshire Promenade	141 West Wilshire Avenue	Fullerton	CA	149	128,000	1997	1992	EPLP	21
Montejo Apartments	12911 Dale St.	Garden Grove	CA	124	103,200	2001	1974	DownREIT	39
Huntington Breakers	21270 Beach Boulevard	Huntington Beach	CA	342	241,700	1997	1984	EPLP	29
The Huntington	8400 Edinger Avenue	Huntington Beach	CA	276	202,256	2012	1975	EPLP	38
Axis 2300	2300 DuPont Drive	Irvine	CA	115	170,714	2010	2010	EPLP	3
Hillsborough Park	1501 South Beach Boulevard	La Habra	CA	235	215,500	1999	1999	EPLP	14
Trabuco Villas	25362 Mosswood Way	Lake Forest	CA	132	131,000	1997	1985	EPLP	28
Madrid Apartments	28401 Los Alisos Boulevard	Mission Viejo	CA	230	228,099	2012	2000	Wesco I	13
Fairway Apartments at Big Canyon	2 Pine Valley Lane	Newport Beach	CA	74	107,100	1999	1972	EPLP	41
Villa Angelina	201 E. Chapman Ave.	Placentia	CA	256	217,600	2001	1970	DownREIT	43
Brentwood Apartment Homes	2301 E. Santa Clara Ave.	Santa Ana	CA	140	154,800	2001	1970	DownREIT	43
Fairhaven Apartments	1300 E. Fairhaven	Santa Ana	CA	164	135,700	2001	1970	DownREIT	43
Essex Skyline at MacArthur Place	9 & 15 MacArthur Place	Santa Ana	CA	349	512,791	2010	2008	EPLP	5
			10%	3,521	3,522,533
San Diego County
Alpine Village	2055 Arnold Way	Alpine	CA	301	254,400	2002	1971	EPLP	42
Bonita Cedars	5155 Cedarwood Rd.	Bonita	CA	120	120,800	2002	1983	EPLP	30
Cambridge	660 F. St.	Chula Vista	CA	40	22,100	2002	1965	EPLP	48
Mesa Village	5265 Clairemont Mesa Blvd.	Clairemont	CA	133	43,600	2002	1963	EPLP	50
Mira Monte	10360 Maya Linda Rd.	Mira Mesa	CA	355	262,600	2002	1982	EPLP	31
Country Villas	283 Douglas Drive	Oceanside	CA	180	179,700	2002	1976	EPLP	37
Mission Hills	218 Rancho Del Oro	Oceanside	CA	282	244,000	2005	1984	EPLP	29
CentrePointe	6466 Friars Road	San Diego	CA	224	126,700	1997	1974	EPLP	39
Summit Park	8563 Lake Murray Blvd.	San Diego	CA	300	229,400	2002	1972	EPLP	41
Vista Capri - North	3277 Berger Ave.	San Diego	CA	106	51,800	2002	1975	EPLP	38
Shadow Point	9830 Dale Ave.	Spring Valley	CA	172	131,200	2002	1983	EPLP	30
			7%	2,213	1,666,300
Riverside County
Devonshire Apartments	2770 West Devonshire Ave.	Hemet	CA	276	207,200	2002	1988	EPLP	25
			1%	276	207,200

Total Southern California			46%	15,526	13,789,646				28

ESSEX PROPERTY TRUST, INC. APARTMENT COMMUNITIES

Real Estate Information as of July 31, 2013

					Square		Year	Year	Property	Age of
Property Name	Address	City	State	Units	Footage		Acquired	Built	Ownership	Property

SEATTLE METRO AREA
Cedar Terrace	3205 115th Ave. NE	Bellevue	WA	180	174,200		2005	1984	EPLP	29
Courtyard Off Main	136 102nd Avenue SE	Bellevue	WA	109	108,388		2010	2000	EPLP	13
Emerald Ridge	3010 118th Avenue SE	Bellevue	WA	180	144,000		1994	1987	EPLP	26
Foothill Commons	13800 NE 9th Place	Bellevue	WA	388	288,300		1990	1978	EPLP	35
Palisades, The	13808 NE 12th	Bellevue	WA	192	159,700		1990	1977	EPLP	36
Sammamish View	16160 SE Eastgate Way	Bellevue	WA	153	133,500		1994	1986	EPLP	27
Woodland Commons	13700 NE 10th Place	Bellevue	WA	302	217,878		1990	1978	EPLP	35
Canyon Pointe	1630 228th St. SE	Bothell	WA	250	210,400		2003	1990	EPLP	23
Inglenook Court	14220 Juanita Drive, NE	Bothell	WA	224	183,600		1994	1985	EPLP	28
Salmon Run at Perry Creek	2109 228th Street SE	Bothell	WA	132	117,100		2000	2000	EPLP	13
Stonehedge Village	14690 143rd Blvd., NE	Bothell	WA	196	214,800		1997	1986	EPLP	27
Highlands at Wynhaven	1460 NE Hawthorne Street	Issaquah	WA	333	424,674		2008	2000	EPLP	13
Park Hill at Issaquah	22516 SE 56th Street	Issaquah	WA	245	277,700		1999	1999	EPLP	14
Wandering Creek	12910 SE 240th	Kent	WA	156	124,300		1995	1986	EPLP	27
Ascent	12062 Slater Avenue NE	Kirkland	WA	90	75,840		2012	1988	EPLP	25
Bridle Trails	6600 130th Avenue, NE	Kirkland	WA	108	99,700		1997	1986	EPLP	27
Evergreen Heights	12233 NE 131st Way	Kirkland	WA	200	188,300		1997	1990	EPLP	23
Corbella at Juanita Bay	9520 NE 120th Street	Kirkland	WA	169	103,339		2010	1978	EPLP	35
Montebello	12000 131st Lane NE	Kirkland	WA	248	272,734		2012	1996	EPLP	17
Laurels at Mill Creek	1110 164th Street SE	Mill Creek	WA	164	134,300		1996	1981	EPLP	32
The Elliot at Mukilteo (fka Anchor Village)	9507 49th Avenue West	Mukilteo	WA	301	245,900		1997	1981	DownREIT	32
Castle Creek	7000 132nd Place, SE	Newcastle	WA	216	191,900		1998	1998	EPLP	15
Delano	7805, 7903 and 7935 170th Place NE	Redmond	WA	126	116,340		2011	2011/2005	EPLP	2/8
Elevation	17202-17325 NE 85th Place	Redmond	WA	157	138,916		2010	1986	EPLP	27
Vesta	18666 Redmond Way	Redmond	WA	440	381,675		2011	1998	Wesco I	15
Redmond Hill	6110 186th Place NE	Redmond	WA	442	350,275		2011	1985	Wesco I	28
Brighton Ridge	2307 NE 4th Street	Renton	WA	264	201,300		1996	1986	EPLP	27
Fairwood Pond	14700 SE Petrovitsky Rd.	Renton	WA	194	189,200		2004	1997	EPLP	16
Forest View	650 Duvall Ave. NE	Renton	WA	192	182,500		2003	1998	EPLP	15
Annaliese	118 6th Ave. N	Seattle	WA	56	48,216		2013	2009	EPLP	4
Fountain Court	2400 4th Street	Seattle	WA	320	207,000		2000	2000	EPLP	13
Joule	523 Broadway Avenue, East	Seattle	WA	295	191,109		2010	2010	JV - 99%	3
Linden Square	13530 Linden Avenue North	Seattle	WA	183	142,200		2000	1994	EPLP	19
Domaine	2483 Birch Avenue N	Seattle	WA	92	79,421		2012	2009	EPLP	4
Expo	100 Republican	Seattle	WA	275	190,176		2012	2012	JV - 50%	1
The Bernard	115 Warren Avenue North	Seattle	WA	63	43,151		2011	2008	EPLP	5
The Cairns	420 Yale Avenue	Seattle	WA	100	70,806		2007	2006	EPLP	7
Wharfside Pointe	3811 14th Avenue West	Seattle	WA	142	119,200		1994	1990	EPLP	23
Total Seattle Metro Area			23%	7,877	6,742,038					20



164	Apartment Communities		100%	33,812	29,417,272	(1)
9	Apartment Communities Under Construction			2,532	2,137,253	(2)

				Definitions for Property Ownership
Avg. square footage	870		EPLP	The Company has a 100% ownership in the community.
Avg. units per property	206		Fund II	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.
Avg. age of property	26		Wesco I	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.
(1) Includes 336,865 square feet of retail or commercial space			Wesco III	The community is owned by Wesco III, LLC. The Company has a 50% interest in Wesco III, LLC, which is accounted for using the equity method of accounting.
(2) Includes 36,225 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/Retail 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

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

	ESSEX PROPERTY TRUST, INC.

	/s/ Michael T. Dance
	Name: Michael T. Dance
	Title: Executive Vice President & Chief Financial Officer

	ESSEX PORTFOLIO, L.P.

	By: Essex Property Trust, Inc.,
	its General Partner

	/s/ Michael T. Dance
	Name: Michael T. Dance
	Title: Executive Vice President & Chief Financial Officer

Exhibit Number		Description

99.1		Press Release issued by Essex Property Trust, Inc. dated July 31, 2013

99.2		Supplemental Information

	Page
Consolidated Operating Results	S-1 – S-2
Consolidated Funds From Operations	S-3
Consolidated Balance Sheets	S-4
Debt Summary – June 30, 2013	S-5
Capitalization Data, Public Bond Covenants, Credit Ratings, and Selected Debt Ratios – June 30, 2013	S-6
Property Operating Results – Quarters ended June 30, 2013 and 2012	S-7
Property Operating Results – Six months ended June 30, 2013 and 2012	S-7.1
Revenue by County – Quarters ended June 30, 2013, June 30, 2012 and March 31, 2013	S-8
Revenue by County – Six months ended June 30, 2013 and June 30, 2012	S-8.1
Development Pipeline – June 30, 2013	S-9
Redevelopment Pipeline and Capital Expenditures – June 30, 2013	S-10
Co-Investments – June 30, 2013	S-11
Summary of Consolidated Co-Investments and Noncontrolling Interest – June 30, 2013	S-12
Income From Discontinued Operations and Selected Financial Data – June 30, 2013	S-13
Assumptions for 2013 FFO Guidance Range	S-14
Summary of Apartment Community Acquisitions and Dispositions Activity	S-15
2013 MSA Level Forecasts: Supply, Jobs and Apartment Market Conditions	S-16
Exhibit A - Property List by Region	1 - 3