Essex Property Trust, Inc. (NYSE:ESS) announced today it has implemented a wide range of policies to protect and support our residents, employees, and protect local jobs in light of the
Essex Property Trust, Inc. (NYSE:ESS) announced today it has implemented a wide range of policies to protect and support our residents, employees, and protect local jobs in light of the extraordinary challenges resulting from the COVID-19 pandemic. Essex’s top priorities remain the health and safety of its residents and employees, as well as providing the necessary resources and flexibility to assist during this unprecedented time.
While it is too early to quantify the financial impact of the COVID-19 pandemic to our financials, the Company expects reduced turnover and traffic in the coming months due to the “Shelter in Place” ordinances. The Company will provide additional details during its first quarter earnings conference call.
About Essex Property Trust, Inc.
Essex Property Trust, Inc. (“Essex”), an S&P 500 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 250 apartment communities with an additional 7 properties in various stages of active development. Additional information about Essex can be found on the Company’s website at www.essex.com.