– USA, CA – Essex Property Trust, Inc. (NYSE: ESS) today announced the appointment of current Senior EVP and COO, Angela Kleiman to its Board of Directors effective on October 3, 2022, and as President and CEO effective on April 1, 2023, when she will succeed Mike Schall who will remain on the Board of Directors.
“Angela is an exceptional leader and a strong believer in the Company’s core values and commitment to excellence. Angela understands the strategy of allocating capital while maintaining a disciplined business strategy and a strong balance sheet. Furthermore, Angela’s extensive REIT industry knowledge and leadership experience at the Company uniquely qualify Angela to lead the Company,” said Mike Schall.
About Angela L. Kleiman
Ms. Kleiman has been the Company’s Senior EVP and COO since January 1, 2021. In this capacity, she accelerated and completed the adoption of the Company’s transformative operating platform while also managing the extraordinary challenges posed by the Covid-19 pandemic. Prior to becoming COO, Ms. Kleiman was Essex’s CFO from 2015 to 2020 and was instrumental in the $4 billion acquisition and integration of BRE Properties which closed in 2014. Ms. Kleiman joined Essex in 2009 to lead the institutional co-investment program, which more than tripled in size under her leadership and provided direct experience in all aspects of apartment operations, finance, and portfolio management activities. Prior to joining Essex, Ms. Kleiman was VP and Senior Equity Analyst at Security Capital responsible for over $2 billion of REIT investments.
“I look forward to continuing Essex’s legacy of disciplined capital management based on its founding principles. Our recent transformational improvements to the Essex operating platform will create efficiencies and enhance investment returns. Along with our dedicated and knowledgeable management team, I believe that the Company’s growth prospects remain exceptional,” said Angela Kleiman.
About Essex Property Trust, Inc.
Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 253 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development.
For more information: http://www.essex.com/
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