A Government Properties Income Trust holding.
WASHINGTON, DC—Newton, MA-based Office Properties Income Trust has finalized its sale of a portfolio of 34 buildings in the suburban Metro DC area for $198.5 million, excluding closing costs. The 1.6-million square foot portfolio sale is part of the REIT's disposition plan to fund its $1.4 billion acquisition of First Potomac Realty Trust, which was purchased when under Government Properties Trust.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
