Qataris Pay $1.3B for LA Portfolio

The Qatar Investment Authority (QIA) has purchased a Los Angeles office portfolio through a joint venture with a  local firm for more than $1.3 billion.

The Middle Eastern investor bought four office assets in the sub-markets of Los Angeles through a joint venture with local partner Douglas Emmett.

QIA declined to comment on the transaction or the fund’s specific investment plans for North America.

However, a spokesman noted that “real estate has featured prominently” in QIA’s asset mix.

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