Essex Property Trust signs USD 275 million unsecured term loan with Bank of America-led lenders

(AWP Alliance News) - Essex Property Trust, through its operating partnership Essex Portfolio, entered into a USD 275 million unsecured term loan agreement with Bank of America as administrative agent on Sept. 24, 2026. The facility matures on Sept. 24, 2029, with two one-year extension options. Borrowings pay interest at SOFR + 0.8% at closing under a ratings-based pricing grid.

The operating partnership can seek to upsize the facility by up to USD 225 million to USD 500 million, subject to lender commitments. Proceeds are expected to repay outstanding commercial paper borrowings, with remaining funds for general corporate purposes.

https://www.sec.gov/Archives/edgar/data/920522/0000920522-26-000027-ind…

Disclaimer: This news brief was created using generative artificial intelligence. 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, on September 25, 2026, and is solely responsible for the information contained therein.