Transactions - APRIL 28, 2016

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

Sign in Start Your Free Trial Now View Purchase Options

Washington REIT sells Maryland portfolio for $240m

by Andrea Waitrovich

Washington REIT has sold six of its suburban Maryland office assets for $240 million to an affiliate of Brookfield Property Partners.

The portfolio totals approximately 1.2 million square feet. In addition, the REIT has a suburban Maryland multifamily asset that it expects to place on the market later this year.

In a separate deal, Washington REIT has acquired Riverside Apartments, a 1,222-unit apartment community in Alexandria, Va., for $244.75 million. The seller was an affiliate of Aimco.

Riverside Apartments consists of three 15-story buildings situated on 28 acres of land.

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