Latham & Watkins Represents Essex Property Trust in US$200 Million Add-On Senior Notes Offering

On August 21, 2024, Essex Property Trust, Inc.’s (NYSE: ESS) operating partnership, Essex Portfolio, L.P. closed an underwritten public offering of US$200 million in additional 5.500% senior notes due 2034 (the notes). The notes were issued as additional notes under the indenture pursuant to which the Issuer previously issued US$350 million of 5.500% senior notes due 2034 (the initial notes) earlier this year.

Latham & Watkins LLP represented Essex in the offering with a capital markets team led by Washington, D.C./New York partner Abigail Smith and Century City partner Brent Epstein, with associates Grace Garcea, Rachel Staub, and Dylan Shamoon. Advice was also provided on tax matters by Century City partner Ana O’Brien and Los Angeles partner Eric Cho, with associates Brian Rogers and Joseph Marcus.