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  6. Essex Acquires BRE Properties

M&A Deal Summary

Essex Acquires BRE Properties

On April 1, 2014, Essex acquired real estate company BRE Properties for 4.3B USD

Acquisition Highlights
  • This is Essex’s 1st transaction in the Real Estate sector.
  • This is Essex’s largest (disclosed) transaction.
  • This is Essex’s 1st transaction in the United States.
  • This is Essex’s 1st transaction in California.

M&A Deal Summary
Date 2014-04-01
Target BRE Properties
Sector Real Estate
Buyer(s) Essex
Deal Type Add-on Acquisition
Deal Value 4.3B USD
Advisor(s) Wells Fargo Securities (Financial)
Latham & Watkins (Legal)

Target

BRE Properties

San Francisco, California, United States
BRE Properties, Inc. develops, acquires and manages highly desirable apartment communities in the West's most sought-after places to live.

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Buyer(S) 1

Buyer

Essex

San Mateo, California, United States
Category Company
Founded 1971
Sector Real Estate
Employees1,712
Revenue 1.8B USD (2024)
DESCRIPTION

Essex is a fully integrated real estate investment trust that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast communities. Essex has developed a clearly defined approach for creating value and managing risk. Essex was formed in 1971 and is based in San Mateo, California.

DEAL STATS #
Overall 1 of 1
Sector: Real Estate M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 1
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