Essex Property Trust
Essex Property Trust is a fully integrated real estate investment trust (REIT) that specializes in the acquisition, development, and management of multifamily residential properties primarily located on the West Coast of the United States. With ownership interests in 254 apartment communities comprising over 62,000 units, the company targets urban and suburban submarkets in Southern California, Northern California, and Seattle. Established in 1971 and publicly traded since 1994, Essex has developed a diversified portfolio that benefits from strong market fundamentals and housing constraints in its target areas. The company employs a strategic approach to investment, which includes ongoing market analysis and the exploration of new opportunities that support rental growth. Its solid financial position allows for flexibility in acquisition and development activities, ultimately aiming to enhance shareholder value through consistent returns, including dividend increases and stock price appreciation. Essex Property Trust is headquartered in Palo Alto, California.
Top Stages
4 past transactions
GiGstreem
Venture Round in 2023
GiGstreem, LLC, founded in 2016 and based in Tysons, Virginia, is a broadband Internet service provider that caters to both residential and commercial customers. The company specializes in high-speed internet solutions, offering fiber and micro/fiber hybrid services designed to enhance connectivity for homes and businesses. In addition to standard internet access, GiGstreem provides a range of services, including business phone solutions, managed network services, and temporary event Wi-Fi for live streaming. By focusing on speed and customer support, GiGstreem aims to transform the high-speed internet landscape, meeting the diverse needs of its clients.
SmartRent
Series B in 2019
SmartRent is an enterprise home automation company specializing in smart home and smart building technology tailored for multifamily communities. The company develops a comprehensive platform that enables property owners and managers to monitor and control their assets effectively, enhancing operational efficiencies while also creating opportunities for additional revenue. SmartRent’s offerings include software and hardware solutions that provide seamless visibility and control for property managers, while also delivering an integrated home control experience for residents. Operating primarily in the United States, SmartRent is committed to improving the management of multifamily properties through innovative technology solutions.
Bre Properties
Acquisition in 2014
Bre Properties is a self-administered equity real estate investment trust focused on the development, acquisition and management of multifamily apartment communities in nine targeted metropolitan markets of the Western United States.
MyNewPlace
Series A in 2006
MyNewPlace is a prominent apartment listing website in the United States, facilitating connections between landlords and potential tenants. The platform offers a comprehensive search feature for apartments and homes for rent, along with valuable city information and demographic data. Users can access property details, including photos and videos, as well as integrated mapping to enhance their search experience. MyNewPlace is recognized for its user-friendly design and was a pioneer in incorporating social networking features into the rental process. The company also provides resources such as rental living tips through its blog, LocalTalk. Founded in San Francisco's SoMa neighborhood, MyNewPlace is owned by RealPage, headquartered in Carrollton, Texas. In 2009, the company expanded its offerings with a mobile app that includes GPS-based apartment searches and note-taking capabilities for listings.
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