July 22, 2016 Comments Off on Douglas Emmett, QIA Acquire 12100 Wilshire for $225M Views: 300 California, California News, Los Angeles, West

Douglas Emmett, QIA Acquire 12100 Wilshire for $225M

Santa Monica-based Douglas Emmett, Inc. acquired 12100 Wilshire Blvd from a fund managed by Houston-based Hines for $225 million. The 365,000 square foot Class A office property in Brentwood, CA was acquired by a consolidated joint venture with Qatar Investment Authority (QIA). 

The deal aligns with Douglas Emmett’s strategy of acquiring multi-tenant buildings in a premier West Los Angeles submarket. The acquisition increases the REIT’s ownership share of the Brentwood Class A office market from 50% to 61%.

Douglas Emmett will manage the joint venture and expects to retain a 20% to 30% equity interest, with the remainder held by institutional partners.

Eastdil Secured handled the transaction.

Read More at Douglas Emmett Investor Relations

Read More at Douglas Emmett news release

Connect with Douglas Emmett

For comments, questions or concerns, please contact Dennis Kaiser

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