Essex Property Trust (ESS) owns a robust property base in the West Coast market of the United States. It has a healthy balance sheet and is leveraging technology, scale and organizational capabilities to drive growth. However, an elevated supply in some markets and high interest rates are concerning.What’s Aiding It?The West Coast markets are characterized by higher median household incomes, an increased percentage of renters and favorable demographic trends. In addition, with high interest rates still in p ...