Deal Snapshot
DOUGLAS EMMETT ACQUIRES 350 UNIT MULTIFAMILY PROPERTY
Tuesday 11 June 2019

US-based real estate investment trust Douglas Emmett, Inc. (NYSE: DEI) has acquired The Glendon, a residential community in Westwood with 350 apartments and approximately 50,000 square feet of retail, for a contract price of USD 365m, the company said.
Douglas Emmett also closed a total of USD 540m in ten year, secured, non-recourse loans and sold 4.9m shares of its common stock at pricing just above USD 41 per share through its ATM programme. Built in 2008, The Glendon is located at 1060 Glendon Avenue, and sits on 4.25 acres in the heart of pedestrian-friendly Westwood Village in Los Angeles. 


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 11/06/2019
Target: The Glendon
Country: USA
Deal Size: 365m (USD)
Sector: Construction/Real Estate
Type: LBO
Financing: Cash
Status: Closed
Vendor:
Buyer: Douglas Emmett, Inc
Comment:


Options