Douglas Emmett Inc

For the period ended Dec 31, 2023. Filed Feb 16, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 16, 2024

DEI$10.00-3.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Schedule III - Consolidated Real Estate and Accumulated Depreciation

Initial Cost · Cost Capitalized Subsequent to Acquisition · Gross Carrying Amount
Property Name	Encumb-rances	Land	Building & Improve-ments(1)	Improve-ments(1)(2)	Land	Building & Improve-ments(1)(2)	Total(3)	Accumulated Depreciation & Amortization(2) (4)	Year Built / Renovated	Year Acquired
Office Properties
100 Wilshire	$252,034	$12,769	$78,447	$158,133	$27,108	$222,241	$249,349	$95,152	1968/2002/2019	1999
233 Wilshire	62,962	9,263	130,426	4,116	9,263	134,542	143,805	27,389	1975/2008-2009	2016
401 Wilshire	—	9,989	29,187	130,718	21,787	148,107	169,894	62,030	1981/2000/2020	1996
429 Santa Monica	33,691	4,949	72,534	4,163	4,949	76,697	81,646	15,471	1982/2016	2017
1132 Bishop Place	—	8,317	105,651	(53,704)	8,833	51,431	60,264	28,334	1992	2004
1299 Ocean	124,699	22,748	265,198	26,151	22,748	291,349	314,097	54,361	1980/2006/2020	2017
1901 Avenue of the Stars	193,502	18,514	131,752	120,234	26,163	244,337	270,500	110,421	1968/2001	2001
2001 Wilshire	37,411	5,711	81,622	5,183	5,711	86,805	92,516	11,234	1980/2013	2008
8383 Wilshire	175,314	18,004	328,118	6,982	18,005	335,099	353,104	45,936	1971/2009	2008
8484 Wilshire	—	8,846	77,780	16,073	8,846	93,853	102,699	30,588	1972/2013	2013
9100 Wilshire	142,264	13,455	258,329	10,593	13,455	268,922	282,377	36,440	1971/2016	2008
9401 Wilshire	27,640	6,740	152,310	19,745	6,740	172,055	178,795	31,419	1971/2020	2017
9601 Wilshire	—	16,597	54,774	107,640	17,658	161,353	179,011	74,988	1962/2004	2001
9665 Wilshire	77,445	5,568	177,072	23,600	5,568	200,672	206,240	38,262	1971/2020	2017
10880 Wilshire	207,712	29,995	437,514	43,944	29,988	481,465	511,453	105,658	1970/2009/2020	2016
10960 Wilshire	209,575	45,844	429,769	33,896	45,852	463,657	509,509	111,688	1971/2006	2016
11777 San Vicente	44,412	5,032	15,768	29,929	6,714	44,015	50,729	20,477	1974/1998	1999
12100 Wilshire	101,203	20,164	208,755	9,848	20,164	218,603	238,767	47,662	1985	2016
12400 Wilshire	—	5,013	34,283	75,936	8,828	106,404	115,232	47,534	1985	1996
15250 Ventura	22,369	2,130	48,908	3,577	2,130	52,485	54,615	7,185	1970/2012	2008
16000 Ventura	37,971	1,936	89,531	3,760	1,936	93,291	95,227	13,017	1980/2011	2008
16501 Ventura	42,944	6,759	53,112	13,658	6,759	66,770	73,529	21,475	1986/2012	2013
Beverly Hills Medical Center	46,180	4,955	27,766	30,727	6,435	57,013	63,448	26,513	1964/2004	2004
Bishop Square	200,000	16,273	213,793	59,004	16,273	272,797	289,070	96,436	1972/1983	2010
Brentwood Court	—	2,564	8,872	1,329	2,563	10,202	12,765	4,590	1984	2006
Brentwood Executive Plaza	—	3,255	9,654	35,263	5,921	42,251	48,172	19,056	1983/1996	1995
Brentwood Medical Plaza	—	5,934	27,836	2,144	5,933	29,981	35,914	14,058	1975	2006
Brentwood San Vicente Medical	—	5,557	16,457	3,062	5,557	19,519	25,076	8,545	1957/1985	2006
Brentwood/Saltair	—	4,468	11,615	10,993	4,775	22,301	27,076	9,881	1986	2000
Bundy/Olympic	—	4,201	11,860	29,410	6,030	39,441	45,471	17,904	1991/1998	1994
Camden Medical Arts	42,276	3,102	12,221	29,313	5,298	39,338	44,636	18,025	1972/1992	1995
Carthay Campus	—	6,595	70,454	4,691	6,594	75,146	81,740	22,069	1965/2008	2014
Century Park Plaza	173,000	10,275	70,761	140,797	16,153	205,680	221,833	86,783	1972/1987/2020	1999
Century Park West	—	3,717	29,099	463	3,667	29,612	33,279	14,210	1971	2007
Columbus Center	—	2,096	10,396	11,215	2,333	21,374	23,707	9,303	1987	2001
Coral Plaza	—	4,028	15,019	18,947	5,366	32,628	37,994	15,212	1981	1998
Cornerstone Plaza	—	8,245	80,633	6,550	8,263	87,165	95,428	36,889	1986	2007
Encino Gateway	—	8,475	48,525	54,335	15,653	95,682	111,335	44,481	1974/1998	2000
Encino Plaza	—	5,293	23,125	50,097	6,165	72,350	78,515	33,521	1971/1992	2000
Encino Terrace	105,565	12,535	59,554	101,103	15,533	157,659	173,192	71,772	1986	1999
Executive Tower	—	6,660	32,045	57,802	9,471	87,036	96,507	39,919	1989	1995

F- 39

Initial Cost · Cost Capitalized Subsequent to Acquisition · Gross Carrying Amount
Property Name	Encumb-rances	Land	Building & Improve-ments(1)	Improve-ments(1)(2)	Land	Building & Improve-ments(1)(2)	Total(3)	Accumulated Depreciation & Amortization(2) (4)	Year Built / Renovated	Year Acquired
Office Properties (continued)
First Financial Plaza	54,077	12,092	81,104	6,425	12,092	87,529	99,621	23,667	1986	2015
Gateway Los Angeles	—	2,376	15,302	63,580	5,119	76,139	81,258	29,020	1987/2022	1994
Harbor Court	—	51	41,001	54,054	12,060	83,046	95,106	34,709	1994	2004
Landmark II	—	6,086	109,259	69,288	13,070	171,563	184,633	79,816	1989	1997
Lincoln/Wilshire	—	3,833	12,484	26,816	7,475	35,658	43,133	15,044	1996	2000
MB Plaza	—	4,533	22,024	34,089	7,503	53,143	60,646	24,970	1971/1996	1998
Olympic Center	52,000	5,473	22,850	34,945	8,247	55,021	63,268	25,850	1985/1996	1997
One Westwood	—	10,350	29,784	66,421	9,194	97,361	106,555	43,673	1987/2004	1999
Palisades Promenade	60,318	5,253	15,547	53,185	9,664	64,321	73,985	30,252	1990	1995
Saltair/San Vicente	21,533	5,075	6,946	18,056	7,557	22,520	30,077	10,470	1964/1992	1997
San Vicente Plaza	—	7,055	12,035	581	7,055	12,616	19,671	5,926	1985	2006
Santa Monica Square	48,500	5,366	18,025	21,856	6,863	38,384	45,247	17,536	1983/2004	2001
Second Street Plaza	—	4,377	15,277	35,705	7,421	47,938	55,359	22,646	1991	1997
Sherman Oaks Galleria	300,000	33,213	17,820	429,060	48,328	431,765	480,093	193,263	1981/2002	1997
Studio Plaza	—	9,347	73,358	122,286	15,015	189,976	204,991	91,959	1988/2004	1995
The Tower	67,064	9,643	160,602	7,104	9,643	167,706	177,349	37,443	1988/1998	2016
The Trillium(5)	—	20,688	143,263	85,673	21,989	227,635	249,624	101,297	1988/2021	2005
Valley Executive Tower	104,000	8,446	67,672	110,841	11,737	175,222	186,959	77,859	1984	1998
Valley Office Plaza	—	5,731	24,329	49,352	8,957	70,455	79,412	33,085	1966/2002	1998
Verona	—	2,574	7,111	15,934	5,111	20,508	25,619	9,327	1991	1997
Village on Canon	61,745	5,933	11,389	50,822	13,303	54,841	68,144	24,206	1989/1995	1994
Warner Center Towers	335,000	43,110	292,147	415,784	59,418	691,623	751,041	316,269	1982-1993/2004	2002
Warner Corporate Center	34,671	11,035	65,799	2,245	11,035	68,044	79,079	10,136	1988/2015	2008
Westside Towers	141,915	8,506	79,532	80,815	14,568	154,285	168,853	69,506	1985	1998
Westwood Center	140,648	9,512	259,341	20,053	9,513	279,393	288,906	63,870	1965/2000	2016
Westwood Place	71,000	8,542	44,419	69,450	11,448	110,963	122,411	42,369	1987/2023	1999
Multifamily Properties
555 Barrington	50,000	6,461	27,639	42,765	14,903	61,962	76,865	28,520	1989	1999
1221 Ocean Avenue	175,000	22,086	328,545	2,281	22,086	330,826	352,912	19,864	1971/2000	2022
Barrington Plaza(6)	210,000	28,568	81,485	146,318	58,208	198,163	256,371	172,603	1963/1998	1998
Barrington/Kiowa	13,940	5,720	10,052	1,374	5,720	11,426	17,146	5,242	1974	2006
Barry	11,370	6,426	8,179	912	6,426	9,091	15,517	4,291	1973	2006
Kiowa	5,470	2,605	3,263	1,029	2,605	4,292	6,897	1,882	1972	2006
Moanalua Hillside Apartments	255,000	24,791	157,353	127,801	35,365	274,580	309,945	77,010	1968/2004/2019	2005
The Residences at Bishop Place	110,000	—	—	180,347	—	180,347	180,347	13,670	2020-2022	2004
Pacific Plaza	78,000	10,091	16,159	77,762	27,816	76,196	104,012	33,242	1963/1998	1999
The Glendon	160,000	32,773	335,925	287	32,775	336,210	368,985	40,214	2008	2019
The Landmark Los Angeles	240,000	—	—	331,693	13,070	318,623	331,693	11,881	2018-2022	N/A
The Shores	212,000	20,809	74,191	207,358	60,555	241,803	302,358	105,926	1965-67/2002	1999
Villas at Royal Kunia	94,220	42,887	71,376	18,258	35,163	97,358	132,521	48,499	1990/1995	2006
Waena Apartments	102,400	26,864	119,273	2,540	26,864	121,813	148,677	29,695	1970/2009-2014	2014

F- 40

Initial Cost · Cost Capitalized Subsequent to Acquisition · Gross Carrying Amount
Property Name · Encumb-rances · Land · Building & Improve-ments(1) · Improve-ments(1)(2) · Land · Building & Improve-ments(1)(2) · Total(3) · Accumulated Depreciation & Amortization(2) (4) · Year Built / Renovated · Year Acquired
Ground Lease
Owensmouth/Warner(5)	—	23,848	—	1,725		23,848		1,725	25,573		35		N/A		2006
Total Operating Properties	$5,570,040	$898,700	$6,922,385	$4,528,290		$1,185,977		$11,163,398	$12,349,375		$3,652,630
Property Under Development
The Residences at Bishop Place	$—	$—	$—	$3,037		$—		$3,037	$3,037			N/A		N/A
Other Developments			53,402		53,402		53,402			N/A	N/A
Total Property Under Development	$—	$—	$—	$56,439		$—		$56,439	$56,439		$—
Total	$5,570,040	$898,700	$6,922,385	$4,584,729		$1,185,977		$11,219,837	$12,405,814		$3,652,630

(1)Includes tenant improvements and lease intangibles.

(2)Net of fully depreciated and amortized buildings, building improvements, tenant improvements and lease intangibles removed from our books.

(3)At December 31, 2023, the aggregate federal income tax cost basis for consolidated real estate was $8.79 billion (unaudited).

(4)See our depreciation and amortization policy in Note 2 to our consolidated financial statements.

(5)The property includes a parcel of land from which we receive rent under a ground lease.

(6)During the second quarter of 2023, we removed our Barrington Plaza Apartments property in Los Angeles from the rental market. See Note 3, "Property to be removed from service", for more detail.

The table below presents a reconciliation of our investment in real estate:

(In thousands)	Year Ended December 31,
	2023	2022	2021
Investment in real estate, gross
Beginning balance	$12,292,973	$11,819,077	$11,678,638
Property acquisitions	—	350,631	—
Improvements and developments	214,955	223,315	297,764
Removal of fully depreciated and amortized buildings, building improvements, tenant improvements and lease intangibles	(102,114)	(100,050)	(157,325)
Ending balance	$12,405,814	$12,292,973	$11,819,077
Accumulated depreciation and amortization
Beginning balance	$(3,299,365)	$(3,028,645)	$(2,816,193)
Depreciation and amortization	(459,949)	(372,798)	(371,289)
Other accumulated depreciation and amortization	4,570	2,028	1,512
Removal of fully depreciated and amortized buildings, building improvements, tenant improvements and lease intangibles	102,114	100,050	157,325
Ending balance	$(3,652,630)	$(3,299,365)	$(3,028,645)
Investment in real estate, net	$8,753,184	$8,993,608	$8,790,432

F- 41

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.