WASHINGTON, DC—Fannie Mae announced on Thursdayplans to sell its headquarters building at 3900 WisconsinAve. here and two other owned-properties in thedistrict.

The GSE, which is facing expiring leases at two other buildingsin the district, says it plans to consolidate workers to a singlelocation in D.C.

Fannie Mae spokesman Pete Bakel says thedecision to sell the organization's real estate holdings stemmedfrom two leases that will expire in coming years, deterioratingconditions in its headquarters building, and the goal toconsolidate workers housed in five locations into one, according tothe Washington Post.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.