Essex Property Trust

www.essexpropertytrust.com
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Essex Property Trust Reviews

Updated June 25, 2015
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2.8
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Recommend to a friend
Approve of CEO
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Michael Schall
25 Ratings

Pros
  • If you are in maintenance they try to work around needs you may have within the on-call schedule (in 4 reviews)

  • They usually keep their properties for a long time and there are many long term employees (in 4 reviews)

Cons
  • No one listens or wants your input (in 3 reviews)

  • properties don't meet expectations (in 8 reviews)

More Pros and Cons

60 Employee Reviews

Sort: Popular Rating Date
  1. Corporate Office

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Essex Property Trust full-time (Less than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    The office work environment is very causual with open policies that favors the employee. They have a very positive understanding of life outside of work so they understand, people can be late to work as long as you make up 8 hours of that day. This company does promote within and you will be acknowledge if you are a strong performer. Great benefit package!

    Cons

    Huge workload, it always seems like we're playing catch up. Lack of direction from the upper management.


  2. Helpful (2)

    Overcompensated Leadership with No Sense of Direction

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Digital Marketing Coordinator in Palo Alto, CA
    Former Employee - Digital Marketing Coordinator in Palo Alto, CA

    I worked at Essex Property Trust full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Very professional, motivated, and competent workforce at the property and regional level. Promotion from the operations side of the company can come fast to anyone willing to work hard and show initiative.

    Cons

    Absolutely no promotion opportunity at the corporate level. Executive leadership is way overcompensated (each making $1M+); feel free to check it out online, it's a publicly traded company. And because the leadership is so overcompensated, they are stubbornly unwilling to entertain new ideas or recommendations. Finally, every corporate person I know has hit the "glass ceiling" here - no one gets a promotion unless they threaten to leave to a competitor.

    Advice to Management

    Don't treat your workforce as bad as your tenants. The second law of business states that: the only sustainable competitive advantage for a company is its workforce.


  3. Helpful (1)

    Stable and good place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Granada Hills, CA
    Former Employee - Anonymous Employee in Granada Hills, CA

    I worked at Essex Property Trust (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Solid business strategy and good benefits.

    Cons

    A very traditional work environment.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    Great property management company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Community Manager
    Current Employee - Assistant Community Manager

    I have been working at Essex Property Trust full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great company. Lots of perks. Fun atmosphere and a lot of employee appreciation.

    Cons

    Housing discount could be better with the amount we charge in rent.


  6. Helpful (1)

    Overall a positive experience. Know when it's time to move on though.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Property Manager in Los Angeles, CA
    Current Employee - Assistant Property Manager in Los Angeles, CA

    I have been working at Essex Property Trust full-time (More than 3 years)

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    Company is growing - acquiring properties constantly.
    401k is a 50% employer match.
    Coworkers are friendly and have a "team" mentality.
    Annual company picnic and awards ceremony.
    Annual bonus awarded to individuals that met performance expectations.

    Cons

    As the company grows larger, upper management has gotten more disconnected from employees in Ops.
    Doesn't invest in IS/IT support to support the Ops department and clients.
    Training department is weak. Tendency to utilize webinars instead of classroom forum for implementing new programs.
    Medical insurance options are horrible.

    Advice to Management

    Fix what is broken before acquiring more properties we don't have the resources to support.


  7. Office Services Coordinator

    Former Employee - Anonymous Employee in Palo Alto, CA
    Former Employee - Anonymous Employee in Palo Alto, CA

    I worked at Essex Property Trust full-time (More than a year)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Good work environment with opportunity to advance

    Cons

    I worked there during a merger with BRE and it took several months and the transition wasn't the smoothest in terms of personal change.


  8. decent job for decent pay

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Essex Property Trust full-time

    Pros

    Decent pay
    good coworkers
    decent amount of overtime depends on the property
    has bigger portfolio due to merger.
    Good operating system. But yardI is not the same as Bre's

    Cons

    Expensive Benicia
    No room for growth


  9. fantastic. great company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Essex Property Trust

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Work with great people everyday

    Cons

    Little support from management on a daily basis


  10. Helpful (1)

    Good opportunities, need more new hire support

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Essex Property Trust full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Some of the processes for new hires are kind of up in the air, which is something you'd expect from a company in rapid growth mode. Good corporate locations, professional atmosphere, good work life balance. Good base pay and decent bonus system.

    Cons

    Again, some of the internal processes need to be cleaned up. Lots of reliance on contractors to do things that should be handled by FTE's.

    Advice to Management

    More training, more development.


  11. Helpful (1)

    Stay Away.. Far, Far Away..

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Property Manager
    Former Employee - Property Manager

    I worked at Essex Property Trust full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    SOME of the Regional Managers are awesome and know how to manage a portfolio. If you are lucky enough to get an RM that actually knows what they're doing and is not out to fire the field staff and bring in their own people from previous companies or playing favorites with their smoking buddies, then you will be in good hands. The field employees, the real core of the company and the only reason Essex is actually thriving, are all awesome and you will build great relationships. Most field employees that you will come across will be open to helping you. Another pro would be that the policies and procedures are clear (although I hear that changes are being released daily since the merger with BMR which is causing headache for the field employees). Essex is very cut and dry with their policies because they have been sued several times and that is all they are trying to do, prevent another lawsuit and pinch their pennies.

    Cons

    Where to begin, where to begin.... If you're looking to make good money, or even be paid what you're worth, keep looking- Essex is not the company for you. We all talk and know that you are paying some of your Managers what Assistants or Leasers make at other companies.. The pay is the worst I have heard of in the industry. They will put you on a 6 month "growth plan" and promise you a whole $0.50 raise at the end of it- all the field employees KNOW that this is just another way Essex can delay paying a reasonable rate. Why is Essex the #1 REIT and able to buy out another company (BRE)? Because they don't pay their employees what they should be making.. They have to save the pennies somewhere and apparently it's at the expense of the people who are making the company money. Also, this company is so political- if you aren't sucking up to the Regionals and volunteering to do their work OR if you aren't having constant smoke breaks with them, then don't expect to get a promotion. If you're doing good at your property and minding your own business, you will be forgotten. You have to brown nose your way to the top to get ahead in this company.

    Advice to Management

    Pay your employees a fair and competitive rate. Be fair and consistent with your promotions- don't only give the positions to those who have smoke breaks with you, brown nose, or who are of your preferred race or sexual preference (yes, this actually happens). Don't look to demote or fire employees just so you can bring in your people from other companies.



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