WASHINGTON, DC—Fannie Mae announced on Thursday plans to sell its headquarters building at 3900 Wisconsin Ave. here and two other owned-properties in the district.
The GSE, which is facing expiring leases at two other buildings in the district, says it plans to consolidate workers to a single location in D.C.
Fannie Mae spokesman Pete Bakel says the decision to sell the organization's real estate holdings stemmed from two leases that will expire in coming years, deteriorating conditions in its headquarters building, and the goal to consolidate workers housed in five locations into one, according to the Washington Post.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
