INVESTOR PRESENTATION FEBRUARY-MARCH 2020 TABLE OF CONTENTS ABOUT ESSEX 3 EXECUTIVE SUMMARY 4 WEST COAST FUNDAMENTALS 8 LEGISLATIVE UPDATES & KEY MARKET STATS 21 INVESTMENTS AND CAPITAL ALLOCATION 24 2020 GUIDANCE AND BALANCE SHEET 31 DEFINITIONS & RECONCILIATIONS 38 2 ESSEX AT A GLANCE THE ONLY PUBLIC MULTIFAMILY REIT DEDICATED TO THE WEST COAST | --- | --- | --- | |------------------------------------|------------------------------------------|-------| | | | | | | | | | | NORTHERN, CA | | | | SOUTHERN, CA ...