Profile: Douglas Emmett Inc (DEI)
18 Jun 2019
Douglas Emmett, Inc., incorporated on June 28, 2005, is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment). The services for its Office segment include primarily rental of office space and other tenant services, including parking and storage space rental. The services for its Multifamily segment include primarily rental of apartments and other tenant services, including parking and storage space rental. It focuses on owning, acquiring developing and managing a substantial share of office properties and multifamily communities in neighborhoods. Through its interest in Douglas Emmett Properties, LP (operating partnership) and its subsidiaries, its consolidated joint ventures (JVs), its unconsolidated institutional real estate funds (Funds), it owns or partially owns, acquires, develops and manages real estate, consisting primarily of office and multifamily properties.
The Company owns a consolidated portfolio of 71 office properties (including ancillary retail space) totaling approximately 18.4 million rentable square feet, which included seven office properties owned by its consolidated JVs; 10 multifamily properties containing 3,320 apartment units, and the fee interests in two parcels of land subject to ground leases. Alongside its consolidated portfolio, it also manages and owns equity interests in its unconsolidated Funds, which, as of December 31, 2016, owned eight additional office properties totaling approximately 1.8 million square feet of space. The Company manages these properties alongside its consolidated portfolio. The Company's properties are located in the Beverly Hills, Brentwood, Burbank, Century City, Olympic Corridor, Santa Monica, Sherman Oaks/Encino, Warner Center/Woodland Hills and Westwood submarkets of Los Angeles County, California, and in Honolulu, Hawaii.
Douglas Emmett Inc
1299 Ocean Ave Ste 1000
SANTA MONICA CA 90401-1063