ENCINO, CA-Douglas Emmett Inc., a Santa Monica-based real estate investment trust 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.
Douglas Emmett, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu.
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