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home / news releases / WRE - WashREIT closes two office properties sale for $106.5M


WRE - WashREIT closes two office properties sale for $106.5M

WashREIT (WRE) completed the sale of 1227 25th Street, NW and Monument II for a combined $106.5M on Dec.2 and Dec.17 respectovely."These sales further strengthen our balance sheet ahead of the post-vaccine recovery and align with our strategy to reduce our exposure to office assets, allowing us to de-risk our portfolio and improve our ability to create long-term shareholder value," president & CEO Paul T. McDermott commented.

For further details see:

WashREIT closes two office properties sale for $106.5M
Stock Information

Company Name: Washington Real Estate Investment Trust
Stock Symbol: WRE
Market: NYSE

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