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Essex Property Trust Declares Quarterly Distributions

PALO ALTO, CA -- (Marketwire) -- 06/04/12 -- Essex Property Trust, Inc., (NYSE: ESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $1.10 per common share, payable July 13, 2012 to shareholders of record as of June 29, 2012.

The Board of Directors has also declared regular quarterly distributions for its preferred share issuances as follows:

Series        Record Date       Payment Date       Amount per Share

G             July 2, 2012      July 31, 2012      $0.30469

H             July 2, 2012      July 13, 2012      $0.44531

Essex Property Trust, Inc., located in Palo Alto, California and traded on the New York Stock Exchange (ESS), is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast communities. Essex currently has ownership interests in 158 multifamily properties with an additional 5 properties in various stages of development. Additional information about Essex can be found on the Company's web site at www.essexpropertytrust.com.

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