Friday, October 5, 2018

How Much Interest Would Washington REIT’s Portfolio Get if It Comes on the Market?

Washington Real Estate Investment Trust might be trying to streamline its holdings at a time when diversified REITs are being viewed with skepticism.

The Washington, D.C.-based REIT is looking to sell its 16-property retail portfolio, Bloomberg reported recently. The 2.33-million-sq.-ft. portfolio, which consists of grocery-anchored community and neighborhood centers and regional power centers, is concentrated in the Washington, D.C., metro area.. . . more