"The addition of the Washington portfolio provides the critical mass to actively market the fund to institutional investors seeking to diversify their portfolios," says BREOF managing partner David Arthur.

While the financial terms of the planned acquisition have not been released, the properties' aggregate current assessed value--approximately $103.4 million--offers a low-end indication of how much the portfolio could command. The buildings Brascan will likely purchase are part of a larger 26-property package that Douglas is marketing through real estate services firm Cassidy & Pinkard.

Three of the properties BREOF plans to claim as its own are located in Downtown Washington, DC or in environs surrounding Downtown. The buildings include the 342,400-sf structure at 64 New York Ave. NE, also known as 77 P St. NE; 801 N. Capitol St. NW, an 84,300-sf, corner facility; and a 30,100-sf building at 450 H St. NW. In Prince George's County, the portfolio consists of 3300 75th Ave., a 266,000-sf structure in Landover; the 93,500-sf building at 12050 Baltimore Ave. in Beltsville; and the 80,500-sf building at 12101 Indian Creek Ct., also in Beltsville.