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WashREIT's Sale of Almost $1 Billion in Office, Retail, Raises Stakes in Its Bet on Multifamily

Brookfield Asset Management Fund To Acquire 12-Property Office Portfolio
The Watergate 600 building, foreground, has the longest weighted average lease term in Washington Real Estate Investment Trust’s office portfolio. and is expected to be sold in the future as a single property. (Getty Images)
The Watergate 600 building, foreground, has the longest weighted average lease term in Washington Real Estate Investment Trust’s office portfolio. and is expected to be sold in the future as a single property. (Getty Images)

Washington Real Estate Investment Trust is selling almost all its office properties as it accelerates its plan to transform itself into a firm that focuses exclusively on multifamily real estate, a sector that's on pace for its biggest rent gains this century.

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