Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

REIT comments on Apartment Unit Fire

                     REIT comments on Apartment Unit Fire

PR Newswire

SANTA MONICA, Calif., Oct. 20, 2013

SANTA MONICA, Calif., Oct. 20, 2013 /PRNewswire/ -- Douglas Emmett, Inc.
(NYSE: DEI), a real estate investment trust (REIT), announced that there was a
fire in a single unit at its Barrington Plaza apartment building on October
18, 2013.  The Los Angeles Fire Department was able to quickly contain the
fire to a single unit and the corridor on the 11^th floor, although some
nearby units incurred smoke and water damage.  Unfortunately, several tenants
suffered from smoke inhalation.  The cause of the fire is under

The building had been inspected earlier this year by the Fire Department,
which confirmed that the building was in compliance with applicable law and
that the fire systems and alarms were functioning correctly.  Most tenants
were able to return to their units, and the Company expects that most of the
remaining units will be habitable within the next few days.  Douglas Emmett
has been working with tenants to minimize the disruption in the meantime. 

About Douglas Emmett, Inc.

Douglas Emmett, Inc. (DEI) is a fully integrated, self-administered and
self-managed real estate investment trust (REIT), and one of the largest
owners and operators of high-quality office and multifamily properties located
in the premier coastal submarkets of Los Angeles and Honolulu.  Douglas Emmett
focuses on owning and acquiring a substantial share of top-tier office
properties and premier multifamily communities in neighborhoods that possess
significant supply constraints, high-end executive housing and key lifestyle
amenities.  For more information about Douglas Emmett, please visit our
website at

Safe Harbor Statement

Except for the historical facts, the statements in this press release
regarding Douglas Emmett's business activities are forward-looking statements
based on the beliefs of, assumptions made by, and information currently
available to us about known and unknown risks, trends, uncertainties and
factors that are beyond our control or ability to predict. Although we believe
that our assumptions are reasonable, they are not guarantees of future
performance and some will inevitably prove to be incorrect.  As a result, our
actual future results can be expected to differ from our expectations, and
those differences may be material.  Accordingly, investors should use caution
in relying on forward-looking statements to anticipate future results or
trends.  For a discussion of some of the risks and uncertainties that could
cause actual results to differ from those contained in the forward-looking
statements, see "Risk Factors" in our Annual Report on Form 10-K filed with
the U.S. Securities and Exchange Commission.

Stuart McElhinney, Vice President – Investor Relations 310.255.7751

SOURCE Douglas Emmett, Inc.

Sponsored Links
Sponsored Links