• Essex Property Trust entered a USD 275 million unsecured term loan agreement with Bank of America as administrative agent.
• Loan matures Sept. 24, 2029, with two one-year extension options at the operating partnership’s election.
• Borrowing costs set at SOFR + 0.8% at closing, based on a ratings-linked pricing grid.
• Facility includes an option to upsize by up to USD 225 million, subject to lenders providing additional commitments.
• Proceeds expected to repay borrowings under the commercial paper program, with remaining funds for general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Essex Property Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000920522-26-000027), on September 25, 2026, and is solely responsible for the information contained therein.