---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-005002"
form_type: "8-K"
ticker: null
cik: "0001053059"
company_name: "ESSEX PORTFOLIO LP"
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T13:26:05.490826+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Essex Portfolio issues $400M of 5.375% senior notes due 2035

## Summary
- Issued $400M of 5.375% senior notes due April 1, 2035; net proceeds of ~$395.5M after discount and expenses.
- Proceeds to refinance maturing debt, including $500M of 3.500% notes due April 2025, and for general corporate purposes.
- Notes are unsecured senior obligations of Essex Portfolio, L.P., ranking equally with other senior unsecured debt.
- Redeemable at make-whole plus 15 bps before Jan 1, 2035, then at par; interest payable semi-annually starting Oct 1, 2025.
- Fully and unconditionally guaranteed by Essex Property Trust, Inc.

## SEC filing metadata
- accession: 0001140361-25-005002
- form_type: 8-K
- cik: 0001053059
- company_name: ESSEX PORTFOLIO LP
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1053059/000114036125005002/0001140361-25-005002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/920522/000114036125005002/ny20042839x5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-005002
- JSON: https://secwatch.observer/filing/0001140361-25-005002.json
- Plain text: https://secwatch.observer/filing/0001140361-25-005002.txt

## Key facts
- Debt Financings
  ESSEX PORTFOLIO LP incurred senior notes of $400.0 million with the holders at 5.375% per annum maturing April 1, 2035.
  - Instrument: senior notes
  - Principal: $400.0 million
  - Counterparty: the holders
  - Rate: 5.375% per annum
  - Maturity: April 1, 2035
  - Event: incurrence
  source text: On February 18, 2025, Essex Portfolio, L.P. (the “Operating Partnership”), the operating partnership of Essex Property Trust, Inc. (the “Company”), issued $400.0 million aggregate principal amount of its 5.375% senior notes due 2035 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1053059/000114036125005002/0001140361-25-005002-index.htm

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