Achieve stabilized operations at Patina at Midtown
Not delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 9 Sep 2019
- Due
- 31 Dec 2020
- Checked
- 19 Oct 2026
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Patina at Midtown(1) (2) San Jose, CA 269 $136 $46 Q4 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, with filings indicating stabilization was expected by Q2 2021.
-
A Essex Property Trust 10-K filed 2021-02-19
“The property began initial occupancy in the third quarter of 2020 and is expected to be fully stabilized by the second quarter of 2021.” ✓ confirmed on the page
-
A Essex Property Trust 8-K filed 2021-02-04
“Patina at Midtown San Jose, CA 50 % 269 - 135 13 148 74 550 43 % 46 % 51 % Q3 2017 Q3 2020 Q2 2021” ✓ confirmed on the page
Market reaction: the shares moved +2.7% against the S&P 500 over the three sessions around the disclosure (3 Feb 2021 to 8 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
- Patina at Midtown apartment homes
- Target
- 269 units
- Where
- San Jose, 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: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
- Third check on a negative finding: agreesBecause a negative finding could harm a company if wrong, a stronger model re-read the evidence fully blind and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. 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Is something here wrong or out of date?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-015982 · Corrections policy