Transactions - DECEMBER 18, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Two U.S. investment firms form JV to invest in Washington D.C.

by Andrea Waitrovich

CBRE Global Investment Partners, the indirect real estate platform of CBRE Global Investors, has formed a joint venture with The JBG Cos. to acquire high-quality assets in the Washington, D.C., metropolitan area. The joint venture initially intends to invest approximately $250 million of equity to acquire $500 million of office, retail and multifamily assets and has the potential to expand further.

“This venture is a great fit with our strategy of investing with best-in-class operating partners,” said Paul Sisson, head of the Americas for CBRE GIP, in a statement. “The JBG Cos. has deep local relationships, market knowledge and operating expertise and this venture provides our clients an opportunity to acquire high-quality assets in one of the largest U.S. metros, which offers a diverse and resilient economy with strong demographics.”

The joint venture targets assets with a core-plus risk profile in attractive submarket locations that t

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy