Douglas Emmett, Inc.
DEI, a real estate investment trust (REIT), announced that it has
acquired a 191,000 square foot Class "A" multi-tenant office building located
at 16501 Ventura Boulevard in Encino for a contract price of $61 million, or
$319 per square foot.
Douglas Emmett's total office portfolio now consists of 60 properties totaling
approximately 15.1 million square feet. Douglas Emmett also owns nine premier
apartment communities in Los Angeles and Honolulu totaling approximately 2,900
units.
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