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Douglas Emmett Plans Record REIT IPO
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Douglas Emmett, one of the largest owners of office buildings and apartment properties in Los Angeles, plans to raise as much as $1.3 billion in an initial public offering later this year.
The deal would represent the largest-ever IPO for an equity REIT, according to SNL Financial.
The offering has been in the works for some time and should fare well, given the strong demand for commercial real estate properties in the Los Angeles area. ...
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