WashREIT Unloads $168M Retail Portfolio in Transition to Multifamily

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...

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...