Douglas Emmett Completes $941 Million Refinance, Unencumbers The Landmark Residences

(NYSE:DEI) SANTA MONICA, Calif.--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today that it has recently obtained new loans covering eight residential properties. The new secured, non-recourse, interest only loans total approximately $941 million, mature in September 2030 and bear interest at a fixed rate of 4.80%. The new loans replace four loans aggregating $550 million that were scheduled to mature June 1, 2027, and five loans aggregating $380 mill