Douglas Emmett, Inc. is a self-administered and self-managed Real Estate Investment Trust (REIT). The Company is an owner and operator of office and multifamily properties located in submarkets in California and Hawaii. The Company operates in two business segments: the acquisition, development, ownership and management of office real estate, and the acquisition, development, ownership and management of multifamily real estate. The products for its office segment include primarily rental of office space and other tenant services including parking and storage space rental. The products for its multifamily segment include rental of apartments and other tenant services including parking and storage space rental. In May 2013, acquired a 225,000 square foot Class A multi-tenant office building. In August 2013, the Company announced that it has acquired a 191,000 square foot Class A multi-tenant office building located at 16501 Ventura Boulevard in Encino.