BNET Industries

Market Cap:$2.2B
Last Fiscal Year Sales:$412.8M
  • Public
  • US
Dow Jones Description

You desire a place to call your home. We want to make sure you have every opportunity to turn an apartment into just that. Essex Property Trust focuses on creating the communities people call home. An apartment is no longer a dwelling someone rents. It is a home -- a lifestyle, a comfort, and a community. More than just a place to sleep at the end of a day, a home is where we relax with our friends and families and express who we are. Our unwavering commitment is to provide quality apartment homes in premiere markets throughout the West Coast. Each of our communities is dedicated to delivering each resident unparalleled convenience, quality and outstanding service.

Vice Chairman of the Board, Chief Executive Officer and President
Keith R. Guericke
Number of Employees 930
Contact Information

925 E Meadow Dr

Palo Alto, California 94303-4233

essexpropertytr...

(650) 494-3700

NAICS Code : 525930

Recent Events

  • RBC Capital Markets Corp lowers Essex Property Trust to 'sector perform'

    11/19/09 - Bond / Stock Rating - View Story

  • Macquarie Capital USA Inc. maintains Essex Property Trust at 'underperform'

    11/11/09 - Bond / Stock Rating - View Story

  • Essex Property Trust Q3 profit rises

    11/03/09 - Financial Announcement - View Story

  • Morgan Keegan & Co. initiates coverage of Essex Property Trust at 'market perform'

    10/28/09 - Bond / Stock Rating - View Story

  • Raymond James Upgrades Essex Property Trust ESS to Outperform

    10/19/09 - Bond / Stock Rating - View Story

  • Essex Announces Release and Conference Call Dates for Its 2009 Third Quarter Earnings Results

    10/10/09 - Financial Announcement - View Story

  • Sandler O'Neill Analyst Raises Price Targets on 14 REIT's, Upgrades UDR, ACC to Buy

    9/30/09 - Bond / Stock Rating - View Story

  • Essex Property Trust Q2 profit rises

    8/05/09 - Financial Announcement - View Story

News & Analysis

essex property trust inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Bryan G Hunt Vice President, Chief Accounting Officer
Gerald Hunt Bryan Vice President & Cao
Michael J. Schall Senior Executive Vice President and Chief Operating Officer
Micheal T. Dance Cfo & Executive Vice President
Craig Zimmerman Executive Vice President, Acquisitions
John D. Eudy Executive Vice President, Development
John Burkart Senior Vice President
Jordan E. Ritter Senior Vice President and General Counsel
Mark J. Mikl Senior Vice President, Asset Management
Michael J VanderLey Senior Vice President, Structured Finance
Adam Berry Vice President, Acquisitions
Bruce Knoblock First Vice President, Development
Bryan W Meyer First Vice President, Acquisitions
Donnie Belk Vice President, Dev
Eric Kramer Vice President, Development
Erik J Alexander First Vice President, Division Manager, Southern California
Gale Hansrajh Vice President, Internal Audit
Gerald E Kelly First Vice President, Research and Due Diligence
Jamie Williams Vice President, Information Technology
Jeff Lambert Vice President, Construction
Jeff Rowerdink First Vice President, Acquisitions
Joann Petrie Vice President, Asset Mgmt
John Lopez Vice President & Economist
Josh Corzine Vice President, Senior Development Manager
Les Filler Vice President, Development and Redevelopment Accounting
Maura Lederer First Vice President, Regional Development Manager
Suzanne M. Golden Vice President, Human Resources
Tom J Flitsch Vice President, Dev
George M. Marcus Founder
Lisa Burton Director of Finance
Erik J Alexander First Regional Portfolio Manager
Bruce Knoblock First
Bryan W Meyer First
Gerald E Kelly First
Jeff Rowerdink First
Maura Lederer First

Board of Directors

Name (plus bio) Position
Keith R. Guericke Vice Chairman of the Board, Chief Executive Officer and President
David W. Brady Board of Directors
Gary P. Martin Board of Directors
Issie N. Rabinovitch Board of Directors
Robert E Larson Board of Directors
Thomas E. Randlett Board of Directors
Willard H. Smith Board of Directors
William A. Millichap Board Member

Keith R. Guericke, Director, has held the position of President and Chief Executive Officer of the Company since 1988. Mr. Guericke joined the Company’s predecessor, Essex Property Corporation, in 1977 to focus on investment strategies and portfolio expansion. Mr. Guericke prepared the Company for its IPO in 1994, and has since significantly increased the Company’s multifamily portfolio in supply-constrained markets along the West Coast. Mr. Guericke is a member of the National Association of Real Estate Investment Trusts, the American Institute of Certified Public Accountants, the National Multi-Housing Council, and several local apartment industry groups. Prior to joining Essex, Mr. Guericke began his career with Kenneth Leventhal & Company, a CPA firm noted for its real estate expertise. Mr. Guericke received his Bachelor of Science degree in Accounting from Southern Oregon College in 1971.

Organization Position Status
Essex Property Trust, Inc. Vice Chairman of the Board, Chief Executive Officer and President Current
National Association of Real Estate Investment Trusts, Inc. Board of Directors Current
National Association of Real Estate Investment Trusts, Inc. Member Current
American Institute of Certified Public Accountants Member Current
Kenneth Leventhal & Company Former
Essex Property Trust, Inc. Board of Directors Former

Organization Position Status
Essex Property Trust, Inc. Vice President, Chief Accounting Officer Current
Deloitte Touche Tohmatsu senior manager Former
University of California, Los Angeles B.A. in Economics Former

Organization Position Status
Essex Property Trust, Inc. Vice President & Cao Current

Michael J. Schall, Director, is the Senior Executive Vice President and Chief Operating Officer of the Company and is responsible for the strategic planning and executive supervision of Essex’s property operations, corporate finance, redevelopment and co-investment programs. From 1993 to 2005, Mr. Schall was Essex’s Chief Financial Officer, responsible for the organization’s financial and administrative matters. He joined The Marcus & Millichap Company in 1986. He was also the Chief Financial Officer of Essex’s predecessor, Essex Property Corporation. From 1982 to 1986, Mr. Schall was the Director of Finance for Churchill International, a technology-oriented venture capital company. From 1979 to 1982, Mr. Schall was employed in the audit department of Ernst & Whinney, where he specialized in the real estate and financial services industries. Mr. Schall received a Bachelor of Science degree from the University of San Francisco in 1979. Mr. Schall is a Certified Public Accountant and is a member of NAREIT, the National Multi Housing Council and AICPA.

Organization Position Status
Essex Property Trust, Inc. Senior Executive Vice President and Chief Operating Officer Current
Essex Property Trust, Inc. Board of Directors Current
American Institute of Certified Public Accountants Board of Directors Current
National Association of Real Estate Investment Trusts, Inc. Board of Directors Current
National Association of Real Estate Investment Trusts, Inc. Member Current
American Institute of Certified Public Accountants Member Current
University of San Francisco Bachelor of Science Degree Former
California State University B.A. In Economics Former

Mr. Dance is responsible for the overall management and control of all accounting and finance related functions for the Company. He joined Essex on February 15, 2005. Prior to joining the Company and from September 2002, Mr. Dance owned and operated a private consultancy practice that provided audits and SOX compliance consultation and litigation support. In addition, since the fall semester of 2002, Mr. Dance has been an adjunct Professor for the University of California at Berkeley, HAAS School of Business and in July 2005 he was named the Executive Director at the Center for Financial Reporting and Management at the University of California at Berkeley, HAAS School of Business. Michael Dance began his career at KPMG LLP in 1978 and, from 1990 to 2002, was a partner with KPMG LLP, where he worked with clients in the real estate, construction, health care and technology industries. He graduated from California State University, Hayward with a B.A. in Economics and has been an active California CPA since 1980. Mr. Dance is a member of the AICPA and California State Society of CPA's.

Organization Position Status
Essex Property Trust, Inc. Cfo & Executive Vice President Current
KPMG International partner Former
California State University B.A. in Economics Former

Mr. Zimmerman is responsible for acquisition activities. He joined Essex's predecessor, Essex Property Corporation, in 1984 and was responsible for the acquisition of various multi-family residential properties, suburban office properties and neighborhood shopping centers. Prior to joining Essex, Mr. Zimmerman was the Vice President of Acquisitions with Prometheus Development Company, a national real estate developer and a principal in Zimmerman Properties. From 1975 through 1978, Mr. Zimmerman worked as a real estate acquisitions specialist for American Equities Corporation. He received a Bachelor of Arts degree in Rhetoric from the University of California at Berkeley in 1974.

Organization Position Status
Essex Property Trust, Inc. Executive Vice President, Acquisitions Current
American Equities, LLC Real Estate Acquisitions Specialist Former
University of California, Berkeley Bachelor of Arts Degree In Rhetoric Former

Organization Position Status
Silvergate Bank Executive Vice President Current
Essex Property Trust, Inc. Executive Vice President, Development Current
Essex Property Trust, Inc. Co-Founder Current
Urban Land Institute Board of Directors Current
National Association of Real Estate Investment Trusts, Inc. Board of Directors Current
Silvergate Bank Board of Directors Current
Urban Land Institute Member Current
National Association of Real Estate Investment Trusts, Inc. Member Current
Crocker National Bank President Former
San Diego State University Bachelor of Science Degree In Finance Former

Organization Position Status
Essex Property Trust, Inc. Senior Vice President Current
Essex Property Trust, Inc. Real Estate Finance Consultant Former
Golden Gate University Master of Business Administration Degree In Real Estate Former
Golden Gate University Bachelor of Science Degree In Finance Former
San Jose State University Bachelor of Science Degree In Finance Former
Golden Gate University Business Administration Degree In Real Estate Former

Mr. Ritter is responsible for various legal matters and manages Essex's relations with outside counsel. Prior to joining Essex in 1993, Mr. Ritter was a partner at the San Francisco law firm of Landels, Ripley & Diamond, where he specialized in real estate and environmental law. Prior to joining Landels, Ripley & Diamond in 1987, he was associated with the law firm of Cravath, Swaine & Moore in New York. Mr. Ritter has been involved in numerous acquisitions and dispositions of various types of property, the financing of various types of real estate, and real estate tax syndications. He also has had extensive experience with leasing, property management and environmental issues arising in real estate transactions. Mr. Ritter received a Doctor of Jurisprudence degree from St. John's University School of Law in 1983. Mr. Ritter is a member of the California State Bar and the New York State Bar.

Organization Position Status
Essex Property Trust, Inc. Senior Vice President and General Counsel Current
New York State Bar Association Board of Directors Current
New York State Bar Association Member Current

Organization Position Status
Essex Property Trust, Inc. Senior Vice President, Asset Management Current
Essex Property Trust, Inc. Treasurer and Controller Former
San Jose State University Bachelor of Science Degree In Business Administration Former

Organization Position Status
Essex Property Trust, Inc. Senior Vice President, Structured Finance Current
Real Estate Group Inc. Chief Investment Officer Former
Horwath International Former
Arizona State University Bachelor of Science Degree In Finance Former

Organization Position Status
Essex Property Trust, Inc. Vice President, Acquisitions Current

Organization Position Status
Essex Property Trust, Inc. First Vice President, Development Current
American Graduate School of International Management Master's Degree In International Management Former
University of Colorado Bachelor of Science Degree In Finance Former

Organization Position Status
Essex Property Trust, Inc. First Vice President, Acquisitions Current
University of Washington Bachelor of Science Degree In Business Administration Former

Organization Position Status
Essex Property Trust, Inc. Vice President, Dev Current

Organization Position Status
Essex Property Trust, Inc. Vice President, Development Current

Organization Position Status
Essex Property Trust, Inc. First Vice President, Division Manager, Southern California Current
Essex Property Trust, Inc. Director Current
The Meyers Group Real Estate Consultant Former
Southern California Inc Real Estate Consultant Former
The Redevelopment Company Director Former
University of Southern California Bachelor of Science degree in Business Administration Former
University of Southern California Certificate of Real Property Development and Management Former

Organization Position Status
Essex Property Trust, Inc. Vice President, Internal Audit Current
University of South Africa Bachelor of Commerce degree in Accounting Former

Organization Position Status
Essex Property Trust, Inc. First Vice President, Research and Due Diligence Current
The Grupe Company Director of Property Management Former
University of Santa Clara Master of Business Administration Degree Former
San Jose State University Bachelor of Science Degree In Business and Industrial Management Former

Organization Position Status
Essex Property Trust, Inc. Vice President, Information Technology Current
Apple Inc. Former

Organization Position Status
Essex Property Trust, Inc. Vice President, Construction Current

Organization Position Status
Essex Property Trust, Inc. First Vice President, Acquisitions Current
University of San Diego Bachelor of Science Degree In Business Administration Former

Organization Position Status
Essex Property Trust, Inc. Vice President, Asset Mgmt Current

Organization Position Status
Essex Property Trust, Inc. Vice President & Economist Current

Organization Position Status
Essex Property Trust, Inc. Vice President, Senior Development Manager Current

Organization Position Status
Essex Property Trust, Inc. Vice President, Development and Redevelopment Accounting Current

Organization Position Status
Essex Property Trust, Inc. First Vice President, Regional Development Manager Current
Wells Fargo Bank Former
Fort Lewis College Bachelor of Administration Degree In Business Former

Ms. Golden joined Essex in 1993. She is responsible for all human resources functions including the recommendation and implementation of personnel policies and programs, employee relations, recruitment and selection of corporate staff, performance management, health care and benefits administration, new hire orientations and oversees the Payroll department. Ms. Golden also works with the Director of Training and Marketing to develop human resources-related training programs. Prior to joining Essex, Ms. Golden was involved in benefits administration and recruitment for a non-profit organization. She has a B.A. degree in Psychology and a certificate in Human Resources Administration.

Organization Position Status
Essex Property Trust, Inc. Vice President, Human Resources Current
Essex Property Trust, Inc. Director, HR Former

Organization Position Status
Essex Property Trust, Inc. Vice President, Dev Current
Loyola Marymount University MBA Former
Rensselaer Polytechnic Institute Bachelor of Science degree in Building Science Former

Organization Position Status
Marcus & Millichap Real Estate Investment Brokerage Company President Current
Urban Housing Group Chairman and Co-Founder Current
Hanover Financial Company Founder Current
Essex Property Trust, Inc. Founder Current
Marcus & Millichap National Retail Group Executive Profiles Current
Marcus & Millichap Real Estate Investment Brokerage Company Chairman Current
Marcus & Millichap National Retail Group Chairman Current
Hanover Financial Company Chairman Current
University of California Board of Directors Current
Greater Bay Bancorp Board of Directors Current
Marcus & Millichap Real Estate Investment Brokerage Company Executive Profiles Current
San Francisco State University Bachelor of Science degree in Economics Former

Organization Position Status
Essex Property Trust, Inc. Director of Finance Current
Essex Property Trust, Inc. Corporate Controller Former
S.Com, Inc. Corporate Controller Former
University of Hawaii Bachelor of Business Administration In Accounting Former
University of Hawaii at Manoa Bachelor of Business Administration In Accounting Former

Organization Position Status
Essex Property Trust, Inc. Regional Portfolio Manager Current
The Meyers Group Real Estate Consultant Former
Southern California Inc Real Estate Consultant Former
The Redevelopment Company Director Former

Organization Position Status
Essex Property Trust, Inc. Current
American Graduate School of International Management Master's Degree In International Management Former
American Graduate School of International Management Master's Degree In International Management Former
University of Colorado Bachelor of Science Degree In Finance Former

Mr. Meyer is responsible for negotiating and acquiring new multi-family properties for Essex in the Pacific Northwest, as well as identifying potential development, joint venture and pre-sale opportunities. Prior to joining Essex in 1994, Mr. Meyer was an investment property specialist for the Pacific Northwest office of The Marcus & Millichap Company, where from 1990 to 1994 he specialized in the marketing and sale of apartment properties. He received a Bachelor of Science degree in Business Administration from the University of Washington in 1990, with a concentration in Marketing and Finance.

Organization Position Status
Essex Property Trust, Inc. Current
University of Washington Bachelor of Science Degree In Business Administration Former

Organization Position Status
Essex Property Trust, Inc. Current
Lucky! Incorporated Director of Property Management Former
University of Santa Clara Master of Business Administration Degree Former
San Jose State University Bachelor of Science Degree In Business and Industrial Management Former

Organization Position Status
Essex Property Trust, Inc. Current
University of San Diego Bachelor of Science Degree In Business Administration Former

Organization Position Status
Essex Property Trust, Inc. Current
Latham & Watkins Transactional Paralegal Former
Wells Fargo Bank Former
Fort Lewis College Bachelor of Administration Degree In Business Former

David W. Brady, Director, holds the Bowen H. and Janice Arthur McCoy endowed chair at Stanford University Graduate School of Business and is a professor of political science in Stanford University School of Humanities and Sciences since 1988. Dr. Brady served as an associate Dean for academic affairs at the Graduate School of Business from 1996 until 2000, and continues to teach corporate ethics in both MBA and executive education. He is a Deputy Director at the Hoover Institution and senior fellow by courtesy at the Institute for International Studies, both on the Stanford campus. He was a member of the advisory council for the Kansai Silicon Valley Venture Forum in Japan.

Organization Position Status
Hoover Institution Deputy Director Current
Essex Property Trust, Inc. Board of Directors Current
The University of Houston Associate Professor Former

Gary P. Martin, a private investor, was the Vice President and Chief Financial Officer of Mobile Smart, a semiconductor company serving the automotive industry for the period from September 2000 to July 2002. From April 1998 to August 2000, he served as Vice President and Chief Financial Officer of Halo Data Devices, a supplier of data storage products for the disk drive market. Mr. Martin served from August 1995 to January 1998 as Vice President of Finance and Chief Financial Officer of 3Dfx Interactive, Inc. Prior to this position, from September 1993 to July 1995, he served as Vice President of Finance and the Chief Financial Officer for MiniStor Peripherals Corporation, a supplier of data storage products for the mobile computer market. From 1985 to 1993, he was Senior Vice President of Finance and Administration for Chips and Technologies, Inc., where he also developed joint business ventures within the Soviet Union. From 1983 to 1984, Mr. Martin was Vice President of Finance and Chief Financial Officer for Starstruck, Inc., a company involved in space development through private enterprise. In addition, Mr. Martin was one of the earliest employees at Apple Computer, Inc., where he held both corporate and European controller positions during the period from 1977 to 1983. Prior to working at Apple Computer, Inc., from 1971 to 1977, he worked for Aero Air Freight and National Semiconductor. He received a Bachelor of Science degree in Accounting from San Jose State University in 1971.

Organization Position Status
Essex Property Trust, Inc. Board of Directors Current
LP Technologies Senior Vice President of Finance and Administration Former
National Semiconductor Corporation Former
San Jose State University Bachelor of Science Degree In Accounting Former

Organization Position Status
Canadian Healthcare Technology Columnist Current
The Doctors Company Editor Current
Essex Property Trust, Inc. Board of Directors Current
Berkeley International Capital Corporation President Former
Canadian Healthcare Technology Columnist, and Editor, Technology for Doctors Former
Dartmouth College Ph.D. Former
Harvard University Master's of Business Administration Degree Former
McGill University Bachelor of Science Degree Former

Organization Position Status
Apx, Inc. Co-Founder and Managing Director, Woodside Fund Current
Azaire Networks Co-Founder and Managing Director, Woodside Fund Current
Woodside Fund Managing Director Current
Woodside Fund General Partner Current
Automated Power Exchange Inc. Co-Founder & Managing Director Current
Northern California General Partner Current
Azaire Networks Director Current
Essex Property Trust, Inc. Board of Directors Current
US-China Green Energy Council Board of Directors Current
Woodside Fund Co-Founder Former
Systems Control CEO Former
Systems Control President Former
US-China Green Energy Council President Former
Systems Control Founder Former
International Business Machines Corporation NA Former
SRI International Former
Hughes Aircraft Company Former
Tsinghua University Former
Systems Control Director Former
Stanford University Ph.D. Former
Stanford University MS Degrees Former
Massachusetts Institute of Technology BS degree Former

Thomas E. Randlett, Director, is a certified public accountant and has been engaged as a director at the Law & Economics Consulting Group, Inc. since 1992. Mr. Randlett's professional specialties include the real estate and construction, financial institutions and transportation industries. Prior to joining the Law & Economics Consulting Group, Mr. Randlett was a managing partner and senior real estate specialist for Peat Marwick Main & Company in Northern California, where he had been employed since 1966, and then a consultant at the New York branch of Midland Bank from 1989 to 1990. He served on the board of directors of Greater Bay Bancorp, a publicly held financial institution, from 2005 until the company was sold in 2007. He is a former member of the Policy Advisory Board, School of Real Estate and Urban Economics, University of California at Berkeley and a current member of the American Institute of Certified Public Accountants ("AICPA"), National Association of Real Estate Investment Trusts ("NAREIT") and California Society of Certified Public Accountants ("CSCPA"). He received a Bachelor of Arts degree from Princeton University in 1966.

Organization Position Status
California Society of Certified Public Accountants Board of Directors Current
National Association of Real Estate Investment Trusts, Inc. Board of Directors Current
Essex Property Trust, Inc. Board of Directors Current
Greater Bay Bancorp Board of Directors Former
Princeton University Bachelor of Arts Degree Former

Willard H. Smith Jr. has been a Director of the Company since July 1996. He was a Managing Director, Equity Capital Markets Division, of Merrill Lynch & Co., from 1983 until his retirement in 1996. Prior to joining Merrill Lynch in 1979, he was employed by F. Eberstadt & Co. (1971-1979). Mr. Smith also serves on the boards of directors of the Cohen & Steers Family of Funds and Essex Property Trust. Mr. Smith also serves as a director of Crest Net Lease, Inc., a subsidiary of Realty Income. Mr. Smith is a member of Realty Income's Audit Committee and its Compensation Committee. Home > Doing Business > Management Professionals > Board of Directors > Willard H. Smith, Jr.

Organization Position Status
Realty Income Corporation Director of the Company Current
Crest Net Lease, Inc. Director Current
Essex Property Trust, Inc. Board of Directors Current
The Crest Company Director Current
Realty Income Corporation Board of Directors Current
Realty Income Corporation Member Former

Organization Position Status
Marcus & Millichap Real Estate Investment Brokerage Company Managing Partner Current
Marcus & Millichap Venture Partners Managing Partner Current
Hanover Financial Company Co-Chairman Current
Marcus & Millichap Real Estate Investment Company Chairman Current
Essex Property Trust, Inc. Board Member Current
Urban Land Institute Board Member Current
LoopNet, Inc. Board of Directors Current
Homesphere, Inc. Investor Current
Corrigo, Inc. Investor Current
Catalist Homes, Inc. Investor Current
Marcus & Millichap Real Estate Investment Brokerage Company President Former
Steven Schor Inc. Founder Former
Accruent, Inc. Investor Former
University of Maryland BA Former

Executive News

  • Essex Property Trust to Present at the BMO Capital Markets North American REIT Conference

    Reuters - 9/02/09 - View Story

  • Essex Property Trust to Present at the BMO Capital Markets North

    Market Wire via MSN Money - 9/02/09 - View Story

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     ESS $78.25 +0.64 (0.82% )
Average Volume 530,352
Shares Outstanding 29.12M
Market Cap 2.3B
Year High 88.75
Year Low 49.19
Earnings Per Share 3.09
P/E Ratio 25.32
Dividend 4.12
Yield 5.27
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