Essex Property Trust, Inc. $(ESS)$ announced that its operating partnership, Essex Portfolio, L.P., has priced an underwritten public offering of $350 million aggregate principal amount of 4.875% senior notes due 2036. The notes were priced at 99.093% of par value with a yield to maturity of 4.988%. Interest will be paid semiannually at an annual rate of 4.875%, with the first payment due on August 15, 2026. The notes mature on February 15, 2036, and will be fully and unconditionally guaranteed by Essex. The net proceeds are intended to repay upcoming debt maturities, including a portion of the $450 million 3.375% senior notes due April 2026, and for other general corporate and working capital purposes. The full prospectus is available at http://www.sec.gov.