| Business Summary | | Essex
Property
Trust,
Inc.
is
a
self-administered
and
self-managed
equity
real
estate
investment
trust
engaged
in
the
ownership,
acquisition,
development
and
management
of
multifamily
apartment
communities.
The
Company's
multifamily
portfolio
consists
of
ownership
interests
in
83
properties,
9,446
units
of
which
are
located
in
Southern
California,
4,023
units
of
which
are
located
in
Northern
California
and
5,204
of
which
are
located
in
the
Pacific
Northwest.
The
Company
also
has
ownership
interests
in
an
office
building
located
in
Northern
California
that
houses
the
Company's
headquarters,
and
three
retail
shopping
centers
located
in
the
Pacific
Northwest.
The
Company
and
affiliated
entities
and
joint
ventures
also
have
entered
into
commitments
for
the
development
of
1,349
units
in
five
multifamily
communities,
two
in
Northern
California
and
three
in
Southern
California. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Essex
Property
Trust
is
a
self-administered
and
self-managed
REIT
that
is
engaged
in
acquiring,
refurbishing,
leasing,
managing
and
developing
multifamily
residential,
retail
and
commercial
properties.
For
the
six
months
ended
6/30/01,
revenues
rose
23%
to
$101.2
million.
Net
income
applicable
to
Common
fell
1%
to
$22.6
million.
Results
reflect
higher
rental
income
due
to
property
acquisitions,
offset
by
the
absence
of
$4
million
in
gains
on
the
sale
of
real
estate. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| George Marcus, 58 Chairman
of ther Board | -- | -- | Keith Guericke, 51 Vice
Chairman, Pres, CEO, | $550K | -- | Michael Schall, 42 Sr.
Exec. VP, CFO, | 440K | -- | John Eudy, 45 Exec.
VP, Devel. | 301K | $303K | Craig Zimmerman, 49 Exec.
VP, Acquisitions | 280K | 135K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|