Business
Douglas Emmett Acquires Premier Beverly Hills Medical Office Portfolio in Joint Venture
SANTA MONICA, Calif., April 14, 2026--Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), today announced the 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.
About this update from Douglas Emmett, Inc.
[{"type":"text","content":"SANTA MONICA, Calif., April 14, 2026--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE:DEI), a real estate investment trust (REIT), today announced the 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.","length":457,"tagName":"p"},{"type":"text","content":"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%.","length":348,"tagName":"p"},{"type":"text","content":"The Bedford Collection represents a rare consolidation of high-value healthcare real estate in one of the world's most constrained premier markets:","length":151,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"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.","length":173,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Unique Trophy Location: Situated in the heart of the Golden Triangle, the assets serve an elite roster of 120 tenants, including some of the highest-grossing concierge physicians in the United States.","length":200,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Communities Served: The average home price in the surrounding neighborhood exceeds $7.5 million and the properties are located less than two miles away from the world-renowned Cedars-Sinai Medical Center and UCLA Ronald Reagan Medical Center.","length":242,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Strong Fundamentals: The portfolio is currently 95% leased, reflecting the properties' unique location and the robust demand for this medical space in Beverly Hills.","length":169,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":784,"olType":false},{"type":"text","content":"This acquisition further solidifies Douglas Emmett’s domi...