Essex Property calls $25 million 7.8125% preferreds for redemption

By Toni Weeks

San Diego, May 9 - Essex Property Trust, Inc. has issued a call to redeem all 1 million shares of its 7.8125% series F cumulative redeemable preferred stock on May 30, according to a 10-Q filed with the Securities and Exchange Commission.

The total redemption value of the preferreds is $25 million.

The real estate investment trust for apartment communities is based in Palo Alto, Calif.

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