<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM ESSEX
PROPERTY TRUST, INC. REPORT FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1997.
(AS AMENDED)
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                          24,443
<SECURITIES>                                         0
<RECEIVABLES>                                   22,149
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                55,925
<PP&E>                                         589,074
<DEPRECIATION>                                (53,916)
<TOTAL-ASSETS>                                 597,790
<CURRENT-LIABILITIES>                           31,708
<BONDS>                                        187,926
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          1
<COMMON>                                             1
<OTHER-SE>                                     349,779
<TOTAL-LIABILITY-AND-EQUITY>                   597,790
<SALES>                                              0
<TOTAL-REVENUES>                                60,106
<CGS>                                                0
<TOTAL-COSTS>                                   28,144
<OTHER-EXPENSES>                                 5,548
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               9,348
<INCOME-PRETAX>                                 22,193
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             22,193
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                    104
<CHANGES>                                            0
<NET-INCOME>                                         0
<EPS-PRIMARY>                                     1.56<F1>
<EPS-DILUTED>                                     1.52
<FN>
<F1>FOR PURPOSES OF THIS EXHIBIT, PRIMARY MEANS BASIC.
</FN>