---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-013247"
form_type: "8-K"
ticker: null
cik: "0001053059"
company_name: "ESSEX PORTFOLIO LP"
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T18:43:28.262829+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Essex issues $350M 5.500% senior notes due 2034 to refinance maturing debt

## Summary
- Issued $350M aggregate principal amount of 5.500% senior notes due April 1, 2034.
- Net proceeds of approximately $346.5M after underwriting discount and expenses.
- Proceeds to repay 3.875% notes maturing May 2024 and for general corporate purposes.
- Notes are unsecured senior obligations, guaranteed by Essex Property Trust, Inc.
- Redeemable at Treasury rate plus 25 bps prior to Jan 1, 2034, thereafter at par.

## SEC filing metadata
- accession: 0001140361-24-013247
- form_type: 8-K
- cik: 0001053059
- company_name: ESSEX PORTFOLIO LP
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1053059/000114036124013247/0001140361-24-013247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920522/000114036124013247/ny20023289x7_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-013247
- JSON: https://secwatch.observer/filing/0001140361-24-013247.json
- Plain text: https://secwatch.observer/filing/0001140361-24-013247.txt

## Key facts
- Debt Financings
  ESSEX PORTFOLIO LP incurred senior notes of $350.0 million with U.S. Bank Trust Company, National Association at 5.500% per annum maturing April 1, 2034.
  - Instrument: senior notes
  - Principal: $350.0 million
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 5.500% per annum
  - Maturity: April 1, 2034
  - Event: incurrence
  source text: On March 14, 2024, the Operating Partnership issued $350.0 million aggregate principal amount of Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1053059/000114036124013247/0001140361-24-013247-index.htm
- Material Agreements
  ESSEX PORTFOLIO LP entered into 5.500% Senior Notes due 2034 Indenture with U.S. Bank Trust Company, National Association valued at $350,000,000 (effective 2024-03-14).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $350,000,000
  - Effective: 2024-03-14
  source text: On March 14, 2024, Essex Portfolio, L.P. (the “Operating Partnership”), the operating partnership of Essex Property Trust, Inc. (the “Company”), issued $350.0 million aggregate principal amount of its 5.500% senior notes due 2034 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1053059/000114036124013247/0001140361-24-013247-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.