Washington, DC

The GSE posted strong numbers for the first quarter, including multifamily where comprehensive income was $404 million with new business volume of $13 billion.

Even office developments located farther from the metro are showing some signs of positive change.

JP Morgan acquired the property at 875 15th St., NW, from JBG Smith.

Martha Heric and R. Benjamin Zapp have joined the new office as managing director and director, respectively.

Mortgage REITs will be the primary beneficiary of this change to the GSE's benchmark Connecticut Avenue Securities structure.

Quality Care Properties has also entered into an agreement with ProMedica Health System for it to acquire HCR ManorCare when it completes its Chapter 11 bankruptcy.

“Occupancy costs with us will be cheaper than any traditional lease that they might sign.”

“This acquisition fits squarely into our primary investment strategy of acquiring medical office buildings in secondary and tertiary markets with strong tenants.”