Essex property trust prices $400 million of senior notes

San mateo, calif.--(business wire)--essex property trust, inc. (nyse:ess) (“essex”) announced today that its operating partnership, essex portfolio, l.p. (the “issuer”), priced an underwritten public offering of $400 million aggregate principal amount of 5.375% senior notes due 2035 (the “notes”). the notes were priced at 99.604% of par value with a yield to maturity of 5.425%. interest is payable semiannually at an interest rate per annum of 5.375% on april 1 and october 1 of each year with th.
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