Essex Property Trust reports USD 275 million unsecured term loan
Published on 09/30/2026 at 22:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Essex Property Trust entered a USD 275 million unsecured term loan agreement on September 24, 2026, according to a U.S. Securities and Exchange Commission filing. The company entered the agreement through Essex Portfolio, L.P., and guaranteed the loan.
Term loan details
The loan is scheduled to mature on September 24, 2029, with two one-year extension options available to the operating partnership. Essex said proceeds are expected to repay outstanding commercial paper debt and fund other general corporate purposes. The facility may be increased by up to USD 225 million to an aggregate USD 500 million, subject to additional lender commitments. Interest is set at the Secured Overnight Financing Rate plus 0.800% at closing under a ratings-based pricing structure, the filing said.
Quarterly distribution declared
Essex Property Trust’s board declared a regular quarterly cash dividend of USD 2.59 per common share, payable October 15, 2026, to shareholders of record as of September 30, 2026, according to a Business Wire release dated September 3, 2026.
