Douglas Emmett Acquires Premier Beverly Hills Medical Office Portfolio in Joint Venture

Published: 2026-04-14 22:10:49 ET DEI

Published on 04/14/2026 at 10:10 pm EDT

Douglas Emmett, Inc. 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% 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, who contributed 13% 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%. 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 now controls approximately one third of the total medical office inventory in the Beverly Hills Golden Triangle. Unique Trophy Location: Situated in the heart of the Golden Triangle, the assets serve an elite roster of 120 tenants, including some of the highest-grossing concierge physicians in the United States.

Communities Served: The average home price in the surrounding neighborhood exceeds $7.5 million and the properties are located less than two miles away from the world-renowned Cedars-Sinai Medical Center and UCLA Ronald Reagan Medical Center. Strong Fundamentals: The portfolio is currently 95% leased, reflecting the properties' unique location and the robust demand for this medical space in Beverly Hills. This acquisition further solidifies Douglas Emmett?s dominant position in Beverly Hills.

Including the Bedford Collection, the company now owns and operates 16 buildings totaling 2.4 million square feet. This portfolio accounts for approximately 33% of the city's Class A office inventory, including several medical office buildings characterized by historically high occupancy and low tenant turnover.