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Douglas Emmett, Inc. has expanded its medical office holdings in Beverly Hills with the acquisition of the Bedford Collection, an outpatient medical portfolio totaling 246,000 square feet. The properties are located on Bedford Drive within the Beverly Hills Golden Triangle, a concentrated commercial district that houses a significant share of the city’s medical and professional offices.
The Bedford Collection changed hands in a $260 million transaction completed through a newly formed $150 million equity joint venture managed by Douglas Emmett. The company contributed 13% of the venture’s equity, with the remaining capital provided by undisclosed partners. The seller of the portfolio was not identified in the announcement.
Acquisition financing was arranged through a secured, non-recourse, interest-only first trust deed loan with a principal balance of $130 million. The loan carries a floating interest rate of SOFR plus 1.70% and is scheduled to mature in April 2031. Specific details on the lender were not disclosed, but the structure underscores the use of long-term, interest-only senior debt for stabilized medical office assets.
The Bedford Collection is occupied by 120 unique tenants and is currently 95% leased, according to Douglas Emmett. The properties’ tenancy profile and high occupancy suggest entrenched demand for outpatient medical space in this part of Beverly Hills, which has evolved into a key hub for healthcare providers and related services.
Following the acquisition, Douglas Emmett reports that it now controls approximately one-third of the total medical office inventory in the Beverly Hills Golden Triangle. Including the Bedford Collection, the real estate investment trust now owns and operates 16 buildings in the area, aggregating 2.4 million square feet. The company notes that this portfolio represents roughly 33% of the city’s Class A office inventory, underscoring its scale and presence across both medical and broader office uses in Beverly Hills.
The transaction highlights ongoing investor appetite for medical office assets in supply-constrained, high-barrier locations. By pairing joint venture equity with a sizable first trust deed loan, Douglas Emmett has increased its exposure to a specialized office segment that maintains relatively high occupancy and diversified tenancy in a prime infill market.
The post Douglas Emmett Acquires $260M Bedford Collection Medical Portfolio in Beverly Hills appeared first on CRE Market Beat.
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