Douglas Emmett Secures $941M in Loans on Apartment Properties

Douglas Emmett Secures $941M in Loans on Apartment Properties
News| September 8, 2025| Paul Bubny
California & West + Apartment Buildings

(Updated with additional information)

Office and apartment REIT Douglas Emmett, Inc. said Monday it had obtained a total of $941 million in new loans covering eight residential properties in Southern California. The new secured, non-recourse, interest-only loans mature in September 2030 and bear interest at a fixed rate of 4.80%. The Santa Monica-based REIT did not identify individual properties covered by the loans, loan amounts for the individual properties or the lenders.

The new loans replace four loans aggregating $550 million that were scheduled to mature June 1, 2027, and five loans aggregating $380 million that were scheduled to mature June 1, 2029.

The debt encumbering The Landmark Residences (formerly Barrington Plaza) in Brentwood has been repaid and the property has been added to the company’s pool of unencumbered assets, Douglas Emmett said. The company said it has no loan maturities in 2025 and is actively working to refinance its remaining 2026 loan maturities.

Separately, Walker & Dunlop announced Tuesday that it represented Douglas Emmett in obtaining the financing for the California properties and one in Hawaii through the Fannie Mae DUS program. The total financing package came to $1,068,677,000.

Allan Edelson, senior managing director at Walker & Dunlop, led the financing. “Walker & Dunlop, with Allan Edelson and the team at Fannie Mae, did an incredible job for us; they structured a very complicated financing so the debt could receive the most favorable market pricing,” said Jordan Kaplan, CEO and president at Douglas Emmett. “This financing marks another milestone in our decades-long partnership with Walker & Dunlop and Fannie Mae.”

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