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Stock impact report

Douglas Emmett Acquires Premier Beverly Hills Medical Office Portfolio in Joint Venture [Yahoo! Finance]

Douglas Emmett, Inc. (DEI) 
Last douglas emmett, inc. earnings: 2/11 04:13 pm Check Earnings Report
US:NYSE Investor Relations: ir.douglasemmett.com
Company Research Source: Yahoo! Finance
acquisition of the Bedford Collection, a premier 246,000-square-foot outpatient medical portfolio located on Bedford Drive in the prestigious Beverly Hills "Golden Triangle." This portfolio represents approximately 80% of the entire 400 block of Bedford with the exception of a public parking garage. The $260 million acquisition was executed through a newly formed $150 million equity joint venture managed by Douglas Emmett, who contributed 13% of the equity. The purchase was financed using a $130 million secured, non-recourse, interest-only, first trust deed loan. The loan matures in April 2031 and carries an interest rate of SOFR plus 1.70%. The Bedford Collection represents a rare consolidation of high-value healthcare real estate in one of the world's most constrained premier markets: Dominant Market Share: With this acquisition, Douglas Emmett now controls approximately one third of the total medical office inventory in the Beverly Hills Golden Triangle. Unique Trophy Locat Show less Read more
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