July 22, 2016 Comments Off on Douglas Emmett, QIA Acquire 12100 Wilshire for $225M Views: 515 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

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