Valued at a market cap of $18.3 billion, Essex Property Trust, Inc. (ESS) is a self-administered and self-managed real estate investment trust (REIT). Headquartered in San Mateo, California, the company acquires, develops, redevelops, and manages apartment communities in selected residential areas located on the West Coast of the United States.
Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Essex Property Trust Energy fits this description perfectly. The company has ownership interests in 257 apartment communities comprising over 62,000 apartment homes, with an additional property in active development.
