Essex Property Trust, Inc. announced the planned succession for the Chief Operating Officer John Burkart will retire as the Company’s Senior Executive Vice President and COO effective December 31, 2020 and remain thereafter for one year as a Strategic Advisor to the Company to facilitate an orderly transition. Pursuant to the Company’s succession plan, the Board of Directors has promoted Angela Kleiman, 50, to succeed John Burkart as Senior Executive Vice President and COO. Ms. Kleiman served as the Company’s Executive Vice President and CFO since 2015 and has held various senior roles in the Company since 2009. Mr. Burkart was originally retained by the Company in 1993 in preparation for its initial public offering in 1994. He progressed in various corporate finance positions and ultimately had a leading role in the strategic advancement of the Company, including with respect to its co-investment platform, merger integration of BRE Properties and, as COO, the use of cutting-edge technology in creation of a world class operating platform. The Board of Directors has also appointed Barb Pak, 43, the Company’s Senior Vice President of Finance, to succeed Ms. Kleiman as Executive Vice President. Ms. Pak joined the Company in 2012 to lead its Investor Relations platform. Over her eight-year tenure with the Company she has expanded her responsibilities to include leading the Company’s co-investment platform, capital markets, and financial planning and analysis departments. Prior to joining Essex, Ms. Pak had 13 years of experience in the real estate industry as a Portfolio Manager for Oak Hill REIT Management. Ms. Pak began her career with Green Street Advisors.