Staying Informed

$500M MOB Sale Propels Another Solid Year for Health Care Real Estate

Washington REIT (NYSE: WRE) is exiting the medical office business, contracting to sell its MOB portfolio along with two office buildings in the greater Washington, D.C. area in four separate agreements to a single buyer for a combined $500.75M, or $329 per square foot. WRIT, a diversified REIT which is paring its portfolio to refocus on its core office, apartment and retail assets, had been ...

 

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