Douglas Emmett Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Investment in Real Estate
- Investment in Real Estate
The table below summarizes our investment in real estate:
| (In thousands) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Land | $1,185,977 | $1,185,977 |
| Buildings and improvements(1) | 10,187,235 | 10,142,410 |
| Tenant improvements and lease intangibles | 1,027,178 | 1,020,988 |
| Property under development(1) | 70,248 | 56,439 |
| Investment in real estate, gross | $12,470,638 | $12,405,814 |
(1) During the nine months ended September 30, 2024, Property under development balances transferred to Building and improvements for real estate placed into service was $13.5 million.
Property to be Removed from Service
During the second quarter of 2023, we removed our Barrington Plaza Apartments property in Los Angeles from the rental market. In connection with the removal of the aforementioned property from the rental market, we accelerated and recorded additional depreciation expense of $27.4 million for the three months ended September 30, 2023 and$54.8 millionfor the nine months ended September 30, 2023, which is included in Depreciation and amortization on our consolidated statements of operations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.