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**Douglas Emmett Secures $941 Million in Loans for Apartment Properties**
Santa Monica-based real estate investment trust Douglas Emmett, Inc. announced on Monday that it has secured $941 million in new financing for eight of its residential properties. The newly obtained loans are secured, non-recourse, and interest-only, with a fixed interest rate of 4.80%. The loans are scheduled to mature in September 2030.
The company did not disclose specific property names covered by the new financing, loan breakdowns for each property, or the involved lenders.
These new loans replace nine previous loans: four loans totaling $550 million that were set to mature on June 1, 2027, and five loans totaling $380 million that were due to mature on June 1, 2029.
Additionally, Douglas Emmett has repaid the debt tied to The Landmark Residences in Brentwood, formerly known as Barrington Plaza. As a result, the property has now been added to the company’s pool of unencumbered assets.
Looking ahead, the company noted that it has no debt maturities in 2025 and is actively working to refinance the remainder of its 2026 loan obligations.
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