**Douglas Emmett Secures $941M in Loans on Apartment Properties**
Douglas Emmett, Inc., a Santa Monica-based office and apartment real estate investment trust (REIT), announced on Monday that it has secured $941 million in new loans tied to eight residential properties. The loans are non-recourse, secured, and interest-only, with a fixed interest rate of 4.80% and a maturity date set for September 2030.
While the REIT did not disclose the specific properties, individual loan amounts, or the names of the lenders involved, it confirmed that the new financing replaces a series of maturing loans. Specifically, it pays off four loans totaling $550 million that were originally set to mature on June 1, 2027, and five loans totaling $380 million due June 1, 2029.
As part of the financial update, Douglas Emmett also shared that the debt on The Landmark Residences in Brentwood—formerly known as Barrington Plaza—has been fully repaid. This property is now part of the company’s unencumbered asset pool.
Looking ahead, the company said it has no loan maturities in 2025 and is currently focused on refinancing its remaining 2026 debt obligations.
Additionally, industry professionals are encouraged to attend a major multifamily real estate conference happening September 11 in Los Angeles. The event promises to bring together top owners, investors, developers, brokers, and lenders in the sector for a day of networking, insight-sharing, and deal-making.
This update reflects Douglas Emmett’s ongoing strategy to manage debt maturity profiles while maintaining financial flexibility amid evolving market conditions.
