Douglas Emmett

Douglas Emmett Inc. is a New York Stock Exchange listed company (ticker symbol "DEI"). Through their interest in their Operating Partnership and its subsidiaries and consolidated joint ventures, they own and operate approximately 18 million square feet of Class A office space and over 5,000 apartment units within the premier coastal submarkets of Los Angeles and Honolulu. Their success is built on a focused business strategy developed over almost five decades.

Douglas Emmett selects submarkets that are supply constrained, with high barriers to entry, key lifestyle amenities, proximity to high-end executive housing, and a strong, diverse economic base. Their submarkets are dominated by small, affluent tenants whose rent represents a small portion of their revenues. Once they select a submarket, they follow a disciplined acquisition strategy of gaining substantial market share, providing them with extensive local market information, pricing power in lease and vendor negotiations, economies of scale in property management, and an enhanced ability to identify and negotiate investment opportunities. In their target Los Angeles submarkets, they own on average about 40% of the Class A office space, and in Honolulu, they own and operate about 22% of the Central Business District Class A office space.

Their fully integrated operating platform provides unsurpassed tenant service, with in-house leasing, proactive asset and property management, and internal design and construction services.

Between 1971 and 1991, Dan Emmett and partners formed three real estate companies that collaboratively engaged in the acquisition, development, redevelopment, operation, and management of high-quality real estate assets within supply-constrained markets in Los Angeles County. While the early focus was on multifamily properties, the company's investment focus evolved to include high-quality office properties and complementary retail space in California and Honolulu, Hawaii. Between 1993 and 2006, Douglas Emmett acquired a substantial majority of its portfolio through nine institutional funds, and in 2006 went public in what was then the largest ever IPO for a REIT.

Today, Douglas Emmett owns and operates approximately 18 million square feet of Class A office space and over 5,000 apartment units across nine highly desirable submarkets in Los Angeles County, including Brentwood, Century City, Santa Monica, Beverly Hills, Sawtelle, West LA, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills, and Burbank. Their Honolulu office portfolio is located in the downtown central business district with multifamily properties in nearby suburban communities.

The company continues to utilize the same focused business strategy implemented by its founding principals, managing, developing, redeveloping, and acquiring multifamily and commercial real estate in high barrier-to-entry submarkets that exhibit strong economic characteristics such as population and job growth, as well as inherent supply constraints. Douglas Emmett strives to capitalize on the experience of its seasoned management team to create continued value, and is headquartered in Santa Monica, California.