Essex Property Trust, Palo Alto, Calif., has priced an offering of 1.5 million shares of common stock at $128.65 per share.The sole underwriter, UBS Investment Bank, has been granted an option to buy up to 225,000 additional shares of common stock to cover any overallotments. Essex is a real estate investment trust that buys, develops, redevelops, and manages West Coast multifamily residential properties. It can be found online at http://www.essexpropertytrust.com.

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