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. Through the Company’s interest in Douglas Emmett Properties, LP (its operating partnership) and its subsidiaries, including its investments in its unconsolidated institutional real estate funds (Funds), it owns or partially owns, manages, leases, acquires and develops real estate, consisting primarily of office and multifamily properties. As of December 31, 2010, the Company’s consolidated portfolio of properties included 50 Class A office properties (including ancillary retail space) totaling approximately 12.8 million square feet of space and nine multifamily properties containing 2,868 apartment units. The Company operates in two business segments: Office Properties and Multifamily Properties.