Essex, BRE $16.2B Merger a Done Deal

SAN FRANCISCO—Essex Property Trust Inc. and BRE Properties Inc. have completed the merger of the two companies, forming a combined company with equity market capitalization of approximately $11.1 billion and a total market capitalization of approximately $16.2 billion. “We are excited to consummate the merger and move forward to combine these two great organizations to form the leading West Coast multifamily REIT,” says Michael Schall, president and CEO of Essex.

According to Schall, “The integration effort is proceeding as planned, which we believe will result in a stronger platform for sustainable growth, superior service for our residents, and expanded career opportunities for our employees.”