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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----------------------------
FORM 8-K
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
June 26, 1997 (June 20, 1997)
ESSEX PROPERTY TRUST, INC.
(Exact name of Registrant as
Specified in its Charter)
MARYLAND
(State or Other Jurisdiction
of Incorporation)
1-13106
(Commission File Number)
77-0369576
(IRS Employer Identification No.)
777 CALIFORNIA AVENUE
PALO ALTO, CA 94304
(415) 494-3700
(Address, Including Zip Code, and Telephone Number, Including
Area Code, of Registrant's Principal Executive Offices)
Page 1 of 4 Pages
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Item 5. OTHER EVENTS.
On June 20, 1997, Essex Property Trust, Inc. (the "Company") completed the sale
of 800,000 shares of its 8.75% Convertible Preferred Stock, Series 1996A (the
"Preferred Stock") to Westbrook Real Estate Fund I, L.P. (formerly known as
Tiger/Westbrook Real Estate Fund, L.P.) and Westbrook Real Estate Co-Investment
Partnership I, L.P. (formerly known as Tiger/Westbrook Real Estate Co-Investment
Partnership, L.P.) (collectively "Westbrook"), pursuant to the terms of the
Stock Purchase Agreement between the Company and Westbrook dated June 20, 1996
as amended by Amendment No. 1 dated July 1, 1996 (as amended, the "Purchase
Agreement"). Subject to the terms and conditions of the Purchase Agreement,
Westbrook purchased the shares of Preferred Stock for a purchase price of
$25.00 per share, representing an aggregate purchase price of $20 million. The
terms and conditions of the sale of the Preferred Stock, the Purchase Agreement
and related agreements are more fully described in the Company's Annual Report
on Form 10-K filed on behalf of the Company with the Securities and Exchange
Commission on March 31, 1997.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements.
No financial statements are included in this Current Report on
Form 8-K.
(b) Pro Forma Financial Statements.
No pro forma financial information is included in this Current
Report on Form 8-K.
(a) Exhibits.
The exhibits listed in the accompanying Index to Exhibits are
filed as part of this Current Report on Form 8-K.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ESSEX PROPERTY TRUST, INC.
June 26, 1997 By: /s/ MARK J. MIKL
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Mark J. Mikl
Controller
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EXHIBIT INDEX
EXHIBIT DESCRIPTION
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99.1 Press Release, dated June 23, 1997.