Douglas Emmett (DEI) Q1 2026 Earnings Transcript

Kevin Crummy: Thanks, Jordan, and good morning. This April, a new joint venture managed by us acquired the Bedford Collection, a five-building, 246 thousand square foot medical office portfolio located in the Beverly Hills Golden Triangle. We hold a 13% stake in the joint venture’s $150 million of equity. The joint venture also borrowed $130 million secured by a nonrecourse, interest-only first trust deed loan maturing in April 2031. The loan bears interest of SOFR plus 170 basis points, which we have effec ...

Douglas Emmett (DEI) Q1 2026 Earnings Transcript - Reportify