PRP Real Assets, a Washington, D.C.–based real estate investment management firm, announced the acquisition of 900 19th St. NW, a 116,385-square-foot class A+ office tower in the CBD of Washington, D.C.
Positioned on the corner of 19th and Eye streets between K Street and Pennsylvania Avenue, the corner building sits three blocks west of the White House and steps from the Farragut West Metro station and within walking distance of the World Bank and International Monetary Fund headquarters.
“900 19th Street is exactly the kind of asset we look for in the current market, an institutionally repositioned building in the most durable corridor in the District, acquired at a basis that cannot be replicated through new construction,” said Jon McAvoy, CIO at PRP Real Assets. “Along with a few remaining facets of the project to be upgraded, the PRP Property Management team will be integrating our brand standards focused on customer service as we lease-up the remaining va
