X0306 4 2020-03-10 0 0000920522 ESSEX PROPERTY TRUST, INC. ESS 0001654413 Kleiman Angela L. C/O ESSEX PROPERTY TRUST 1100 PARK PLACE, SUITE 200 SAN MATEO CA 94403 0 1 0 0 Executive Vice President & CFO Series Z-1 Incentive Units 2020-03-10 4 C 0 4000 1 D Operating Partnership Units 4000.0 0 D Operating Partnership Units 2020-03-10 4 C 0 4000 A Common Stock 4000.0 4000 D These Series Z-1 incentive units converted into Essex Portfolio, L.P. ("EPLP") operating partnership units upon the Series Z-1 units, which were granted in December 2011, reaching a 100% conversion ratchet percentage. EPLP operating partnership units are exchangeable by the reporting person at any time following the conversion for an equal number of shares of the issuer's common stock. EPLP operating partnership units have no expiration date. The Series Z-1 incentive units were purchased by the reporting person for $1 per each incentive unit and had no expiration date. /s/ John Farias, Attorney in Fact 2020-03-12