Douglas Emmett Inc.is a New York Stock Exchange listed company
(ticker symbol "DEI"). Through our interest in our Operating Partnership and its
subsidiaries, consolidated JVs and unconsolidated Funds we own and operate approximately
18.1 million square feet of Class A office space and over 5,000 apartment units within the
premier coastal submarkets of Los Angeles and Honolulu. We rely on a focused business
strategy that we developed over almost five decades.
- First, we select submarkets
that are supply constrained, with
high barriers to entry, key lifestyle
amenities, proximity to high-end
executive housing and a strong,
diverse economic base. Our submarkets
are dominated by small, affluent
tenants, whose rent can be a small
portion of their revenues and thus
not the paramount factor in their
leasing decision.
- Once we select a submarket,
we follow a disciplined acquisition
strategy of gaining substantial
market share to provide us with
extensive local market information,
pricing power in lease and vendor
negotiations, economies of scale
in property management, and an enhanced
ability to identify and negotiate
investment opportunities. In our
target Los Angeles submarkets, we own on average about 38% of the Class A office space
(weighted by our square feet of exposure in each submarket); in Honolulu,
we own and operate about 25% of
the Central Business District Class
A office space.
- Finally, our fully integrated
operating platform provides the
unsurpassed tenant service demanded
in our submarkets, with in-house
leasing, proactive asset and property
management, and internal design
and construction services.