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Douglas Emmett, Qatar Investment Authority Pay Near-Record Price for Los Angeles Apartments

Partnership Acquires First Residential Property Near Future Site of 2028 Olympic Village
The Glendon in Westwood sold for $365 million. Photo: CoStar
The Glendon in Westwood sold for $365 million. Photo: CoStar
By Karen Jordan
July 2, 2019 | 9:17 P.M.

Real estate investment trust Douglas Emmett Inc. and investment company Qatar Investment Authority have paid $365 million for an apartment complex near the planned 2028 Olympic Village in Westwood, California, in one of the largest multifamily sales in metropolitan Los Angeles on record.

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