Comment on WashREIT sells what's left of its retail portfolio for $168M

WashREIT sells what's left of its retail portfolio for $168M

Vienna's Rosenthal Properties has emerged as the winning bidder for Washington Real Estate Investment Trust’s remaining retail portfolio, paying about $168 million for eight centers. WashREIT (NYSE: WRE) closed Wednesday on the sale of the nearly 700,000-square-foot portfolio to Rosenthal and an undisclosed institutional partner following a competitive bidding process managed by a JLL capital markets team including Jordan Lex.

 

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