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Carr transfers properties to J.P. Morgan clients, secures funds to accelerate growth

DC company lands $100 million equity investment from Israeli firm
Carr Properties plans to pass ownership of 1875 K St. NW in Washington and two other buildings to J.P. Morgan institutional investors. (CoStar)
Carr Properties plans to pass ownership of 1875 K St. NW in Washington and two other buildings to J.P. Morgan institutional investors. (CoStar)

Carr Properties says it will transfer ownership of three Washington, D.C.-area office properties to institutional investors advised by J.P. Morgan Asset Management as the firm redeemed its equity stake in the private real estate investment trust.

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