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Sign in Sign up for a FREE subscriptionSouth Korean investor buys stake in Washington D.C. office
South Korea-based Meritz Alternative Investment Management has plans to invest in an office building in Washington, D.C., reported Korea Economic Daily.
Meritz formed a ₩200 billion ($170 million) property fund to buy a 50 percent stake in the 665 New York Avenue building.
Brookfield Properties completed the 12-story building in 2019. About 93 percent of the property is leased, with major tenants including Brookfield, UnitedHealthcare and PricewaterhouseCoopers.
