AUSTIN--Dividend Capital Diversified Property Fund Inc. (DPF), a public reporting, daily NAV REIT, has acquired the City View portfolio for $68.75 million. DPF funded the acquisition through cash on hand and availability under its revolving credit facility.
Representatives for Denver-based DPF declined to comment beyond a press release.
City View is comprised of four adjacent class A office buildings in the southwest submarket. Three of the buildings were built in 1985 while the fourth building was completed in 1998. The buildings combine to approximately 274,000 net rentable square feet and are 99 percent leased to 22 tenants.
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