8-KOther Events

ESSEX PROPERTY TRUST, INC. 8-K Report, Corporate Update (Sep 7, 2004)

Filed September 7, 2004For Securities:ESS

Summary

Essex Property Trust, Inc. (ESS) announced a significant transaction on September 7, 2004, involving its Essex Apartment Value Fund ("Fund I"). Fund I has entered into a purchase and sale agreement to sell its assets to United Dominion Realty, L.P., an affiliate of United Dominion Realty Trust, Inc. (UDR). This transaction represents a material event for Essex Property Trust, as it pertains to the disposition of a fund's assets, which could have implications for the company's overall portfolio management and future strategic direction. Investors should pay close attention to the terms and financial impact of this sale as detailed in the referenced press release. While the 8-K itself is brief, it signals a potential shift in asset allocation or a realization of value for Fund I. Further details within the attached press release will be crucial for understanding the specific properties involved, the sale price, and any associated conditions or contingencies that could affect the closing of the transaction.

Key Highlights

  • 1Essex Apartment Value Fund (Fund I) has entered into a purchase and sale agreement.
  • 2The agreement is with United Dominion Realty, L.P., an operating partnership of United Dominion Realty Trust, Inc. (UDR).
  • 3This announcement was made via a press release dated September 7, 2004.
  • 4The press release is incorporated by reference and attached as Exhibit 99.1 to the 8-K filing.
  • 5This event is classified under 'Other Events' (Item 8.01) in the 8-K filing.
  • 6The filing also includes the press release as an exhibit (Item 9.01(c)).

Frequently Asked Questions

Essex Property Trust, Inc. announced that its Essex Apartment Value Fund ("Fund I") has entered into a purchase and sale agreement to sell its assets to United Dominion Realty, L.P.

The buyer is United Dominion Realty, L.P., which is an operating partnership of United Dominion Realty Trust, Inc. (UDR).

More details about this transaction can be found in the press release issued by Essex Property Trust, Inc. on September 7, 2004, which is attached as Exhibit 99.1 to this 8-K filing.

This sale signifies a disposition of assets from one of Essex Property Trust's funds. Investors should review the press release for information on the specific assets, sale price, and the financial impact on the company's portfolio and its strategic objectives.