Douglas Emmett, a real estate investment trust (REIT), announced the acquisition of the Bedford Collection, a premier 246,000-square-foot outpatient medical portfolio located on Bedford Drive in the prestigious Beverly Hills Golden Triangle. This portfolio represents approximately 80 percent of the entire 400 block of Bedford, with the exception of a public parking garage.
The $260 million acquisition was executed through a newly formed $150 million equity joint venture managed by Douglas Emmett, which contributed 13 percent of the equity. The purchase was financed using a $130 million secured, non-recourse, interest-only, first trust deed loan. The loan matures in April 2031 and carries an interest rate of SOFR plus 1.70 percent.
The Bedford Collection represents a rare consolidation of high-value healthcare real estate in one of the world’s most constrained premier markets:
Dominant market share: With this acquisition, Douglas Emmett controls approxima
