Essex property trust prices $450 million of senior notes

San mateo, calif.--(business wire)--essex property trust, inc. (nyse:ess) announced today that its operating partnership, essex portfolio, l.p. (the “issuer”), priced an underwritten public offering of $450 million aggregate principal amount of 1.700% senior notes due 2028 (the “notes”). the notes were priced at 99.423% of par value with a yield to maturity of 1.788%. interest is payable semiannually at an interest rate per annum of 1.700% on march 1 and september 1 of each year with the first
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