SANTA MONICA, CA (REIT Media) March 20, 2009 - Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today that its Board of Directors has approved a quarterly cash dividend of $0.10 per share, which will be paid on April 15, 2009 to shareholders of record as of March 31, 2009. On an annualized basis, this dividend totals $0.40 per common share. This represents a reduction from the Company’s previous quarterly dividend of $0.1875 per common share, which was paid on January 15, 2009. The new dividend rate will provide the Company with more than $50.0 million per year in additional liquidity. This further reinforces Douglas Emmett’s already strong financial position and enables the Company to take advantage of compelling acquisition opportunities as they arise.

During March, the Company repurchased 605,600 of its common shares at an average cost of $6.27 per common share. The Company may make additional share repurchases from time to time but is under no obligation to do so.

In addition, Douglas Emmett’s Annual Meeting of Shareholders will be held at 9:00 a.m. (PDT) on Thursday, June 11, 2009 at the Sheraton Delfina Hotel, located at 530 West Pico Blvd. Santa Monica, California 90405. Shareholders of record as of April 13, 2009 will be entitled to vote in person or by proxy at the meeting.

About Douglas Emmett, Inc.

Douglas Emmett, Inc. (NYSE: 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 premier submarkets in California and Hawaii. The Company’s properties are concentrated in ten submarkets – Brentwood, Olympic Corridor, Century City, Santa Monica, Beverly Hills, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills, Burbank and Honolulu. The Company 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 on Douglas Emmett, please visit the Company’s Web site at www.douglasemmett.com.

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 Securities and Exchange Commission.

Douglas Emmett, Inc.
Mary Jensen, Vice President – Investor Relations
310-255-7751
mjensen@douglasemmett.com