Essex Portfolio intends to sell senior notes

By Sheri Kasprzak

New York, April 8 - The Essex Portfolio, LP is set to price senior notes, according to a 424B5 filed Monday with the Securities and Exchange Commission.

The bonds will be sold through joint bookrunners Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Mitsubishi UFJ Securities and U.S. Bancorp Investments Inc.

The notes will be guaranteed by Essex Property Trust, Inc.

Proceeds will be used to repay debt under an unsecured line of credit facility and an unsecured working capital line of credit facility, as well as for general corporate and working capital purposes.

Based in Palo Alto, Calif., Essex Portfolio is a real estate investment trust.

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