Washington, D.C.-based WashREIT has sold a portfolio of eight retail assets in Washington, D.C., Northern Virginia and Maryland for $168.3 million.
This is the latest move as part of the real estate investment trust’s strategy to transition to a strictly multifamily REIT. Earlier this year, the company sold a 12-asset, D.C.-region office portfolio, totaling a combined 2.371 million square feet, to Brookfield Asset Management for $766 million.