WRIT Pockets $307M on First Phase of MOB Portfolio Sale

Source:  CPE

Washington Real Estate Investment Trust has taken one big leap toward completing the disposition of its metropolitan Washington, D.C., medical office portfolio. In two separate transactions with Harrison Street Real Estate Capital L.L.C., the REIT closed the sale of office buildings totaling 877,000 square feet, two office assets featuring significant medical office tenancy and a parcel of land for $307.2 million. In the first transaction, WRIT parted with 2440 M St. in Washington, D.C., and ...

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