Achieve stabilized operations at 500 Folsom
Delivered after the deadline
AI-assessed · human review in progress Found and assessed by AI from the cited sources. Shown with its evidence; it is not counted in any Kept Score until confirmed.
- Announced
- 31 May 2019
- Due
- 31 Dec 2020
- Delivered
- Q1 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“500 Folsom(1) San Francisco, CA 545 415 116 Q3 2019 Q4 2020”
What we found
Evidence strength A What the grades mean
The company did not achieve stabilized operations (defined as 90% occupancy) by the Q4 2020 deadline, reaching this milestone in the first quarter of 2021 instead.
-
A Essex Property Trust 10-K filed 2021-02-19
“The property began initial occupancy in the third quarter of 2019 and is expected to be fully stabilized by the first quarter of 2021.” ✓ confirmed on the page
-
A Essex Property Trust 8-K filed 2021-02-04
“500 Folsom San Francisco, CA 537 50% 91.8% In Lease-Up” ✓ confirmed on the page
Market reaction: the shares moved +2.5% against the S&P 500 over the three sessions around the disclosure (18 Feb 2021 to 23 Feb 2021). What this measures
Checked 19 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Facility other
- Indicative materiality
- Medium rules
- Action
- Achieve
- Deliverable
- 500 Folsom apartment homes
- Where
- San Francisco, CA
- In the company’s control
- High
- Specificity
- High
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: disagreesClaude (Anthropic) re-read the evidence blind and read it as “Not met”.
- Tie-breakA stronger model read the evidence and both earlier answers, without knowing which was recorded, and agrees with the second check.
Not yet confirmed. Shown on the record, but it will not count in any score until it is confirmed. How verification works
Are you Essex Property Trust? You can publish an official statement next to this entry, free. Add a statement.
Is something here wrong or out of date? Companies and readers can ask us to check it. Please bring a link to a public source.
Report an error in this entry Reference: KI-C-2019-ESS-015968 · Corrections policy