Essex Announces First Quarter 2001 Earnings Release and Conference Call; Conference Call Will Be Webcast Live.

Business Editors

PALO ALTO, Calif.--(BUSINESS WIRE)--April 11, 2001

Essex Property Trust, Inc. (NYSE:ESS) today announced that a press release reflecting its first quarter 2001 earnings will be issued following the close of the stock market on Wednesday, April 25, 2001. A conference call with Keith R. Guericke, president and CEO, will be held the following day, April 26, 2001 at 11:00 a.m. PST. The Conference call will be open to the public and broadcast live on the Internet at www.streetfusion.com.

Conference Call Participation and Registration

To Participate in Telephone Conference Call -- Contact Alicia Bernardini, Essex Investor Relations by telephone [phone], fax [phone], or e-mail [e-mail]. Reservations for telephone conference call participants will be accepted before 1:00 p.m. PST (4:00 p.m. EST) on April 25, 2001. Reservations are needed to ensure that an adequate number of phone lines are available. Participants in Essex's fourth quarter 2000 conference call will be automatically registered.

To Listen to Live Webcast -- Investors may listen to the conference call over the Internet through StreetFusion website at www.streetfusion.com. To listen to the live call, please access StreetFusion's website at least 15 minutes prior to the scheduled start of the call to register, download and install any necessary audio software.

Conference Call Playback

Telephone -- A telephone playback will be available immediately after the call at 800/938-0982 until May 10, 2001.

Webcast -- A replay of the web broadcast will be available at www.streetfusion.com or www.essexpropertytrust.com until May 31, 2001.

Essex Property Trust, Inc., located in Palo Alto 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 83 multifamily properties (18,673 units), and has 1,349 units in various stages of development. Additional information about Essex can be found on the Company's web site at www.essexpropertytrust.com. If you would like to receive future press releases via e-mail -- please send a request to [e-mail].