Essex Property Trust (ESS) FWP Free writing prospectus

Filed Pursuant to Rule 433

Registration Nos. 333-227600 and 333-227600-01

October 7, 2019

Essex Portfolio, L.P.

$150,000,000 3.000% Senior Notes due 2030

fully and unconditionally guaranteed by

Essex Property Trust, Inc.

Issuer:	Essex Portfolio, L.P.
Guarantor:	Essex Property Trust, Inc.
Principal Amount:	$150,000,000. The Notes will be issued as additional notes of, and will form a single series of securities with, the $400,000,000 3.000% Senior Notes due 2030 issued on August 7, 2019. The total aggregate principal amount of the 3.000% Senior Notes due 2030 that will be outstanding following this reopening will be $550,000,000. The original notes and the Notes will share the same CUSIP number and be fungible.
Expected Ratings (Moody’s / S&P / Fitch)*:	Baa1 / BBB+ / BBB+
Trade Date:	October 7, 2019
Settlement Date:	October 9, 2019 (T+2)
Maturity Date:	January 15, 2030
Interest Payment Dates:	January 15 and July 15, commencing January 15, 2020
Benchmark Treasury:	UST 1.625% due August 15, 2029
Benchmark Treasury Price / Yield:	100-20 / 1.556%
Spread to Benchmark Treasury:	T+125 basis points
Reoffer Yield:	2.806%
Coupon:	3.000% per annum
Price to Public:	101.685% of the Principal Amount, plus accrued interest in the amount of $775,000 for the period from and including August 7, 2019 up to but excluding the Settlement Date
Optional Redemption Provisions:	Prior to October 15, 2029, make-whole call as set forth in the preliminary prospectus supplement at Treasury +20 basis points On or after October 15, 2029, the redemption price will be 100% of the principal amount to be redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date, as set forth in the preliminary prospectus supplement

CUSIP / ISIN:	29717P AU1 / US29717PAU12
Joint Book-Running Managers:	Wells Fargo Securities, LLC Citigroup Global Markets Inc. J.P. Morgan Securities LLC U.S. Bancorp Investments, Inc. Jefferies LLC MUFG Securities Americas Inc.
Senior Co-Managers:	BB&T Capital Markets, a division of BB&T Securities, LLC BNP Paribas Securities Corp. Mizuho Securities USA LLC
Co-Managers:	Capital One Securities, Inc. Regions Securities LLC Scotia Capital (USA) Inc.

*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a preliminary prospectus supplement and a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus supplement for this offering, the issuer’s prospectus in that registration statement and any other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by searching the SEC online data base (EDGAR) on the SEC web site at http://www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and prospectus if you request it from (i) Wells Fargo Securities, LLC toll free at 1-800-645-3751, (ii) Citigroup Global Markets Inc. toll free at 1-800-831-9146, (iii) J.P. Morgan Securities LLC collect at 1-212-834-4533, or (iv) U.S. Bancorp Investments, Inc. toll free at 1-877-558-2607.