UPDATE ON COO ORGANIZATION

Hello E-Team:

Over the past several months, I have enjoyed getting to know many of you. I would like to thank you for sharing your experience and insights which have been instrumental in helping me come up to speed.

As we emerge from the extraordinary last year, I have evaluated the key priorities of our business, how best to enhance our efficiency and effectiveness while providing a platform for our people to develop and grow their careers. In consideration of these objectives, effective immediately, I am realigning the organization structure, as follows:

Jessica Anderson, GVP of Operations, will be responsible for revenue management, property operations, central services and resident relations teams. This structure will enable us to centralize operations under one leadership.

Linda Wu, VP, will expand her scope to include business development and analysis of new initiatives and business opportunities, in addition to continuing to lead Asset Management.

Pat Klein, EVP, will expand his scope to include marketing and contact center, in addition to continuing to lead our technology platform.

Paul Morgan, GVP, will expand his scope to encompass market strategy and analysis, while continuing to lead the advanced analytics team.

Lisa Yeh will be leaving the company effective immediately. We appreciate her contributions to the company and wish her the best in her future career endeavors. In the interim, Lisa Yeh’s current direct reports will all report to me.

I am excited about the future of Essex and am confident that with your support and commitment, we will continue to excel. Thank You.

Angela Kleiman
Sr. EVP and Chief Operating Officer
Essex Property Trust