QIA & Douglas Emmett acquire first residential asset in Los Angeles

The Qatar Investment Authority (QIA) and Douglas Emmett announced a further $365 million acquisition by their multibillion-dollar real estate partnership. The partnership’s latest acquisition is The Glendon, a residential community in the Los Angeles suburb of Westwood. The property includes 350 apartments and approximately 50,000 square feet of retail.

“The Glendon acquisition confirms our commitment to expand our residential platform and our presence in Westwood, home of the 2028 Olympic Village. It also provided the perfect opportunity to broaden our relationship with QIA, an exemplary partner who shares our strategic long-term vision,” said Jordan Kaplan, CEO of Douglas Emmett.

The Glendon is located within walking distance of the UCLA Campus and the Ronald Reagan UCLA Medical Center in Westwood. Westwood has more than 300 local shops and restaurants, and is home to 1.7 million square feet of class A high-rise office properties previously purchased in a partn