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California  + Los Angeles  + Office  | 

Douglas Emmett Obtains New $335M Loan, Pays Off Two Loans Totaling $426M

Connect Los Angeles is planned March 27th at the Hotel Indigo in DTLA. Here is where to get more information and REGISTER.

Santa Monica, CA-based Douglas Emmett, Inc. closed a secured, non-recourse $335 million interest-only loan that will mature in March 2025. The loan bears interest at Libor plus 1.30%, which has been effectively fixed at 3.84% per year through March 2023 using interest rate swaps.

The REIT used the loan proceeds, plus its secured line of credit, to retire a total of $426 million in debt comprised of a $146.5 million loan scheduled to mature in February 2019, and a $279.8 million loan scheduled to mature in June 2019.

With the exception of the loan secured by its Moanalua development, Douglas Emmett’s next term loan maturity is not until 2022. Nearly half of Douglas Emmett’s wholly-owned properties are currently debt free.

For comments, questions or concerns, please contact Dennis Kaiser

*Pictured Douglas Emmett’s 100 Wilshire in Santa Monica

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
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