Fund the remaining balance of the subordinated loan investment
Not delivered by 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
- 3 Aug 2020
- Due
- 30 Jun 2021
- Checked
- 19 Oct 2026
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“the Company had funded $6.7 million, with the full commitment expected to be funded by the second quarter of 2021.”
What we found
Evidence strength A What the grades mean
The company did not fund the full commitment by the second quarter of 2021, stating that the remaining balance would be funded only if and when requested by the sponsors.
-
A Essex Property Trust 10-Q filed 2021-07-30
“As of June 30, 2021, the Company had funded $23.4 million of the commitment. The remaining committed amount will be funded if and when requested by the sponsors.” ✓ confirmed on the page
Market reaction: the shares moved -1.0% against the S&P 500 over the three sessions around the disclosure (29 Jul 2021 to 3 Aug 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
- Project other
- Indicative materiality
- Low rules
- Action
- Fund
- Deliverable
- subordinated loan investment
- Amount
- USD 6.7
- Where
- Northern California
- Language
- Expected (“expects”, “plans”)
- 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: disagreesBecause a negative finding could harm a company if wrong, a stronger model re-read the evidence fully blind and read it as “no_evidence”, so a person decides.
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Is something here wrong or out of date?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-2020-ESS-015987 · Corrections policy