Thursday, April 28, 2016

WashREIT lands buyer for 1.2 million-square-foot Maryland portfolio

Washington Real Estate Investment Trust has reached a deal to sell its suburban Maryland office portfolio for $240 million to invest more heavily in other sectors, including apartments. The Washington, D.C.-based REIT disclosed plans Wednesday to sell the 1.2 million-square-foot portfolio to an affiliate of Brookfield Property Partners for $240 million, just over three months after announcing plans to shed the real estate for more urban, Metro-accessible sites in the D.C. region. Meanwhile, the…



from http://www.bizjournals.com/baltimore/blog/real-estate/2016/04/washreit-lands-buyer-for-maryland-portfolio.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/143532668097

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