Essex, California is a small town in the Mohave Desert in California. Essex lies on Old National Trails Highway - part of the old Route 66 - just south of Interstate 40. Essex has a post office that is still in operation, a CalTrans maintenance yard, and a school. The town has a population of approximately 20. Mojave Desert The Mojave or Mohave Desert occupies a significant portion of Southern California and parts of Utah, Nevada, and Arizona. ... State nickname: The Golden State Other U.S. States Capital Sacramento Largest city Los Angeles Governor Arnold Schwarzenegger (R) Senators Dianne Feinstein (D) Barbara Boxer (D) Official languages English Area 410,000 km² (3rd) - Land 404,298 km² - Water 20,047 km² (4. ... Alternate meanings of Route 66: New Jersey State Highway 66, Interstate 66, and a company named after the route US Highway 66 or Route 66 was and is the most famous road in the United States highway system and quite possibly the most famous and storied highway in the world. ...
Essex can be required to sell the land after six years as specified in the buyout provisions of the agreement.
Essex completed the acquisition of The Carlyle in April of 2000 and expects to complete the acquisition of the Waterford in May 2000.
Essex was also nearing completion of its extensive $3.9 million renovation of Hampton Place and Hampton Court, comprising of 215-units, (formerly named Loraine Apartments, 132-units, and Columbus Apartments, 83-units) located in Glendale, California.
Essex continues to add value to the portfolio through acquisitions in supply-constrained, in-fill markets, expansion of our redevelopment program-which increases the overall return from the existing portfolio, and additions to our development pipeline.
Essex plans to improve the financial returns of these acquisitions through its redevelopment program-where it can target a premium yield on its invested funds-increasing the overall return from the existing portfolio.
Essex received city approvals to construct a new 2,000 square foot leasing center, resident business center, expansive fitness center, and the conversion of approximately 350 carports to enclosed garages, construction of which is expected to commence in the fourth quarter of 1999.
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