\n\u00a0\n<\/p>\n<\/td>\n
\nThree Months Ended\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n
\nYear Ended\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0\n<\/p>\n<\/td>\n
\nDecember 31,\n<\/p>\n<\/td>\n
\n%\n<\/p>\n<\/td>\n
\nDecember 31,\n<\/p>\n<\/td>\n
\n%\n<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0\n<\/p>\n<\/td>\n
2020<\/b><\/p>\n<\/td>\n
\n2019\n<\/p>\n<\/td>\n
\nChange\n<\/p>\n<\/td>\n
2020<\/b><\/p>\n<\/td>\n
\n2019\n<\/p>\n<\/td>\n
\nChange\n<\/p>\n<\/td>\n<\/tr>\n
Per Diluted Share<\/span><\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\nNet Income\n<\/p>\n<\/td>\n
$1.47<\/b><\/p>\n<\/td>\n
\n$1.95\n<\/p>\n<\/td>\n
\n-24.6%\n<\/p>\n<\/td>\n
$8.69<\/b><\/p>\n<\/td>\n
\n$6.66\n<\/p>\n<\/td>\n
\n30.5%\n<\/p>\n<\/td>\n<\/tr>\n
\nTotal FFO\n<\/p>\n<\/td>\n
$3.24<\/b><\/p>\n<\/td>\n
\n$3.54\n<\/p>\n<\/td>\n
\n-8.5%\n<\/p>\n<\/td>\n
$12.78<\/b><\/p>\n<\/td>\n
\n$13.73\n<\/p>\n<\/td>\n
\n-6.9%\n<\/p>\n<\/td>\n<\/tr>\n
\nCore FFO\n<\/p>\n<\/td>\n
$3.02<\/b><\/p>\n<\/td>\n
\n$3.45\n<\/p>\n<\/td>\n
\n-12.5%\n<\/p>\n<\/td>\n
$12.82<\/b><\/p>\n<\/td>\n
\n$13.38\n<\/p>\n<\/td>\n
\n-4.2%\n<\/p>\n<\/td>\n<\/tr>\n
\n\u00a0\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n
\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
Fourth Quarter and Full-Year Highlights:<\/span><\/b><\/p>\n \n\u201cAs expected, our fourth quarter and full-year results reflect the extraordinary challenges arising from the Covid-19 pandemic, including severe lockdowns which resulted in unprecedented job losses and declining effective rents for most of the year. With that backdrop, our fourth quarter results provided signs of stabilization, with a partial recovery of lost jobs and modestly improved same-property revenues on a sequential basis. Given difficult comparisons to one year ago, we expect year-over-year results to remain challenged through the second quarter of 2021, followed by a steady economic recovery and resurgence in rental demand assuming a widespread distribution of vaccines. The Company\u2019s strong balance sheet, well-covered dividend, and technology platform position Essex to emerge from the pandemic an even stronger company,\u201d commented Michael J. Schall, President and CEO of the Company.\n<\/p>\n SAME-PROPERTY OPERATIONS<\/b><\/p>\n \nSame-property operating results exclude any 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 December 31, 2020 compared to the quarter ended December 31, 2019, and the sequential percentage change for the quarter ended December 31, 2020 compared to the quarter ended September 30, 2020, by submarket for the Company:\n<\/p>\n Q4 2020 vs. Q4 2020 vs. % of Total<\/b><\/p>\n<\/td>\n<\/tr>\n Gross Gross Q4 2020 Southern California<\/b><\/p>\n<\/td>\n \nLos Angeles County\n<\/p>\n<\/td>\n \n-13.0%\n<\/p>\n<\/td>\n \n2.4%\n<\/p>\n<\/td>\n \n18.1%\n<\/p>\n<\/td>\n<\/tr>\n \nOrange County\n<\/p>\n<\/td>\n \n-3.5%\n<\/p>\n<\/td>\n \n1.3%\n<\/p>\n<\/td>\n \n11.4%\n<\/p>\n<\/td>\n<\/tr>\n \nSan Diego County\n<\/p>\n<\/td>\n \n-1.4%\n<\/p>\n<\/td>\n \n2.4%\n<\/p>\n<\/td>\n \n8.9%\n<\/p>\n<\/td>\n<\/tr>\n \nVentura County\n<\/p>\n<\/td>\n \n-1.3%\n<\/p>\n<\/td>\n \n1.2%\n<\/p>\n<\/td>\n \n4.3%\n<\/p>\n<\/td>\n<\/tr>\n Total Southern California<\/b><\/p>\n<\/td>\n -7.2%<\/b><\/p>\n<\/td>\n 2.0%<\/b><\/p>\n<\/td>\n 42.7%<\/b><\/p>\n<\/td>\n<\/tr>\n Northern California<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nSanta Clara County\n<\/p>\n<\/td>\n \n-10.0%\n<\/p>\n<\/td>\n \n-1.5%\n<\/p>\n<\/td>\n \n18.7%\n<\/p>\n<\/td>\n<\/tr>\n \nAlameda County\n<\/p>\n<\/td>\n \n-11.5%\n<\/p>\n<\/td>\n \n0.5%\n<\/p>\n<\/td>\n \n6.8%\n<\/p>\n<\/td>\n<\/tr>\n \nSan Mateo County\n<\/p>\n<\/td>\n \n-12.0%\n<\/p>\n<\/td>\n \n-0.2%\n<\/p>\n<\/td>\n \n4.9%\n<\/p>\n<\/td>\n<\/tr>\n \nContra Costa County\n<\/p>\n<\/td>\n \n-4.2%\n<\/p>\n<\/td>\n \n1.6%\n<\/p>\n<\/td>\n \n5.1%\n<\/p>\n<\/td>\n<\/tr>\n \nSan Francisco\n<\/p>\n<\/td>\n \n-17.3%\n<\/p>\n<\/td>\n \n-0.7%\n<\/p>\n<\/td>\n \n3.0%\n<\/p>\n<\/td>\n<\/tr>\n Total Northern California<\/b><\/p>\n<\/td>\n -10.4%<\/b><\/p>\n<\/td>\n -0.5%<\/b><\/p>\n<\/td>\n 38.5%<\/b><\/p>\n<\/td>\n<\/tr>\n Seattle Metro<\/b><\/p>\n<\/td>\n -4.9%<\/b><\/p>\n<\/td>\n -1.7%<\/b><\/p>\n<\/td>\n 18.8%<\/b><\/p>\n<\/td>\n<\/tr>\n Same-Property Portfolio<\/b><\/p>\n<\/td>\n -8.0%<\/b><\/p>\n<\/td>\n 0.3%<\/b><\/p>\n<\/td>\n 100.0%<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nThe table below illustrates the components that drove the change in Same-Property Revenues on a year-over-year basis for the fourth quarter and full-year 2020.\n<\/p>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Q4 2020 vs. Q4 2019<\/b><\/p>\n<\/td>\n YTD 2020 vs. YTD 2019<\/b><\/p>\n<\/td>\n<\/tr>\n Same-Property Revenue Components<\/b><\/p>\n<\/td>\n $ Amount % $ Amount % \nPrior-Period Same-Property Revenues\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n340.7\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n1,338.7\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nScheduled Rents\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n-6.3\n<\/p>\n<\/td>\n \n-1.9%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n9.0\n<\/p>\n<\/td>\n \n0.7%\n<\/p>\n<\/td>\n<\/tr>\n \nDelinquencies\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n-7.9\n<\/p>\n<\/td>\n \n-2.3%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n-23.5\n<\/p>\n<\/td>\n \n-1.8%\n<\/p>\n<\/td>\n<\/tr>\n \nCash Concessions\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n-11.8\n<\/p>\n<\/td>\n \n-3.5%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n-31.8\n<\/p>\n<\/td>\n \n-2.4%\n<\/p>\n<\/td>\n<\/tr>\n \nVacancy\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n-1.6\n<\/p>\n<\/td>\n \n-0.5%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n-8.1\n<\/p>\n<\/td>\n \n-0.6%\n<\/p>\n<\/td>\n<\/tr>\n \nOther Income\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n0.2\n<\/p>\n<\/td>\n \n0.1%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2.4\n<\/p>\n<\/td>\n \n0.2%\n<\/p>\n<\/td>\n<\/tr>\n 2020 Same-Property Revenues\/Change<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 313.3<\/b><\/p>\n<\/td>\n -8.0%<\/b><\/p>\n<\/td>\n $<\/b><\/p>\n<\/td>\n 1,286.7<\/b><\/p>\n<\/td>\n -3.9%<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n Year-Over-Year Change<\/b><\/p>\n<\/td>\n Year-Over-Year Change<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Q4 2020 compared to Q4 2019<\/b><\/p>\n<\/td>\n YTD 2020 compared to YTD 2019<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Gross Operating NOI<\/b><\/p>\n<\/td>\n Gross Operating NOI<\/b><\/p>\n<\/td>\n<\/tr>\n \nSouthern California\n<\/p>\n<\/td>\n \n-7.2%\n<\/p>\n<\/td>\n \n3.6%\n<\/p>\n<\/td>\n \n-11.3%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n-4.4%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2.9%\n<\/p>\n<\/td>\n \n-7.3%\n<\/p>\n<\/td>\n<\/tr>\n \nNorthern California\n<\/p>\n<\/td>\n \n-10.4%\n<\/p>\n<\/td>\n \n4.2%\n<\/p>\n<\/td>\n \n-15.5%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n-4.9%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3.2%\n<\/p>\n<\/td>\n \n-7.7%\n<\/p>\n<\/td>\n<\/tr>\n \nSeattle Metro\n<\/p>\n<\/td>\n \n-4.9%\n<\/p>\n<\/td>\n \n7.8%\n<\/p>\n<\/td>\n \n-9.9%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n-0.6%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n7.8%\n<\/p>\n<\/td>\n \n-4.0%\n<\/p>\n<\/td>\n<\/tr>\n Same-Property Portfolio<\/b><\/p>\n<\/td>\n -8.0%<\/b><\/p>\n<\/td>\n 4.6%<\/b><\/p>\n<\/td>\n -12.7%<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n -3.9%<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 3.9%<\/b><\/p>\n<\/td>\n -6.8%<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0\n<\/p>\n<\/td>\n Sequential Change<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Q4 2020 compared to Q3 2020<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Gross Operating NOI<\/b><\/p>\n<\/td>\n<\/tr>\n \nSouthern California\n<\/p>\n<\/td>\n \n2.0%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n-2.3%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n4.0%\n<\/p>\n<\/td>\n<\/tr>\n \nNorthern California\n<\/p>\n<\/td>\n \n-0.5%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n0.2%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n-0.8%\n<\/p>\n<\/td>\n<\/tr>\n \nSeattle Metro\n<\/p>\n<\/td>\n \n-1.7%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n-1.3%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n-1.9%\n<\/p>\n<\/td>\n<\/tr>\n Same-Property Portfolio<\/b><\/p>\n<\/td>\n 0.3%<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n -1.2%<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 1.0%<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n \n\u00a0\n<\/p>\n<\/td>\n Financial Occupancies<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Quarter Ended<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n 12\/31\/2020<\/b><\/p>\n<\/td>\n 9\/30\/2020<\/b><\/p>\n<\/td>\n 12\/31\/2019<\/b><\/p>\n<\/td>\n<\/tr>\n \nSouthern California\n<\/p>\n<\/td>\n \n96.8%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n95.9%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n97.0%\n<\/p>\n<\/td>\n<\/tr>\n \nNorthern California\n<\/p>\n<\/td>\n \n96.5%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n96.2%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n97.2%\n<\/p>\n<\/td>\n<\/tr>\n \nSeattle Metro\n<\/p>\n<\/td>\n \n95.8%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n95.9%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n97.1%\n<\/p>\n<\/td>\n<\/tr>\n Same-Property Portfolio<\/b><\/p>\n<\/td>\n 96.5%<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 96.0%<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 97.1%<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n INVESTMENT ACTIVITY<\/b><\/p>\n Dispositions<\/i><\/b><\/p>\n \nIn October 2020, the Company sold a community located in Glendale, CA containing 115 apartment homes, for a total contract price of $60.0 million. The Company recognized a $25.7 million gain on sale in the quarter, which has been excluded from Core FFO.\n<\/p>\n Other Investments<\/i><\/b><\/p>\n \nIn the fourth quarter of 2020, the Company originated six structured finance investments totaling $206.0 million. The investments have a weighted average return of 10.1% with most of the proceeds expected to be funded by early 2021.\n<\/p>\n \nIn the fourth quarter of 2020, the Company received cash proceeds of $84.0 million from the full redemption of two structured finance investments and the maturity of an investment in a mortgage backed security.\n<\/p>\n DEVELOPMENT ACTIVITY<\/b><\/p>\n \nThe table below represents the development communities in lease-up and the current leasing status as of February 1, 2021.\n<\/p>\n Project Name<\/b><\/p>\n<\/td>\n Location<\/b><\/p>\n<\/td>\n Total ESS % Leased as Status<\/b><\/p>\n<\/td>\n<\/tr>\n \n500 Folsom\n<\/p>\n<\/td>\n \nSan Francisco, CA\n<\/p>\n<\/td>\n \n537\n<\/p>\n<\/td>\n \n50%\n<\/p>\n<\/td>\n \n91.8%\n<\/p>\n<\/td>\n \nIn Lease-Up\n<\/p>\n<\/td>\n<\/tr>\n \nMylo\n<\/p>\n<\/td>\n \nSanta Clara, CA\n<\/p>\n<\/td>\n \n476\n<\/p>\n<\/td>\n \n100%\n<\/p>\n<\/td>\n \n72.9%\n<\/p>\n<\/td>\n \nIn Lease-Up\n<\/p>\n<\/td>\n<\/tr>\n \nPatina at Midtown\n<\/p>\n<\/td>\n \nSan Jose, CA\n<\/p>\n<\/td>\n \n269\n<\/p>\n<\/td>\n \n50%\n<\/p>\n<\/td>\n \n50.9%\n<\/p>\n<\/td>\n \nIn Lease-Up\n<\/p>\n<\/td>\n<\/tr>\n Total\/Average % Leased<\/b><\/p>\n<\/td>\n 1,282<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 76.2%<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n LIQUIDITY AND BALANCE SHEET<\/b><\/p>\n Common Stock<\/i><\/b><\/p>\n \nIn the fourth quarter of 2020, the Company repurchased 211,681 shares of its common stock totaling $46.3 million, including commissions, at an average price of $218.84 per share. For the full-year ending December 31, 2020, the Company repurchased 1,197,190 shares of its common stock totaling $269.3 million, including commissions, at an average price of $224.96 per share.\n<\/p>\n \nIn December 2020, the Board of Directors approved the replenishment of the stock repurchase plan such that the Company had $250.0 million of purchase authority remaining under the stock repurchase plan. As of February 1, 2021, the Company had $214.4 million of purchase authority remaining under the stock repurchase plan.\n<\/p>\n \nThe Company did not issue any shares of common stock through its equity distribution program in the fourth quarter or full-year 2020.\n<\/p>\n Balance Sheet<\/i><\/b><\/p>\n \nIn the fourth quarter of 2020, the Company repaid $328.2 million of secured and unsecured debt due to mature in 2021 with a weighted average effective rate of 4.2%.\n<\/p>\n \nSubsequent to quarter end, the Company repaid $100.0 million of unsecured debt due to mature in 2021 at an effective rate of 4.3%.\n<\/p>\n \nAs of February 1, 2021, the Company has approximately $1.2 billion in liquidity via undrawn capacity on its unsecured credit facilities and cash and marketable securities.\n<\/p>\n 2021 Full-Year Guidance and Key Assumptions<\/b><\/p>\n\n
\n
\n \n \u00a0<\/td>\n \n
\n
Q4 2019<\/b><\/p>\n<\/td>\n\u00a0<\/td>\n \n
\n
Q3 2020<\/b><\/p>\n<\/td>\n\u00a0<\/td>\n \n \n \n \u00a0<\/td>\n \n
\n
Revenues<\/b><\/p>\n<\/td>\n\u00a0<\/td>\n \n
\n
Revenues<\/b><\/p>\n<\/td>\n\u00a0<\/td>\n \n
\n
Revenues<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \u00a0<\/td>\n <\/tr>\n \n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \n \n \u00a0<\/td>\n \n \n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \u00a0<\/td>\n \n \n
\n \n \n \n \n \n \n \n \n \n \n \n
\n
(in Millions)<\/b><\/p>\n<\/td>\n\n \n
\n
Contribution<\/b><\/p>\n<\/td>\n\n \n
\n
(in Millions)<\/b><\/p>\n<\/td>\n\n \n
\n
Contribution<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n
Revenues<\/b><\/p>\n<\/td>\n\n \n
\n
Expenses<\/b><\/p>\n<\/td>\n\n \n \n \n
\n
Revenues<\/b><\/p>\n<\/td>\n\n \n
\n
Expenses<\/b><\/p>\n<\/td>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \n
\n
Revenues<\/b><\/p>\n<\/td>\n\n \n
\n
Expenses<\/b><\/p>\n<\/td>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n
\n
Apartment
\n
Homes<\/b><\/p>\n<\/td>\n\n \n
\n
Ownership<\/b><\/p>\n<\/td>\n\n \n
\n
of 02\/01\/21<\/b><\/p>\n<\/td>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20210204006057\/en\/625771\/3\/Essex_Logo_Black_%28002%29.jpg\"){kind=logo}
<\/td>\n<\/tr>\n