The initial phase of the multifamily community delivered around five years ago.

Office Properties Income Trust had planned to reposition the building but the price was too good to resist.

The average asking rent at buildings located one block from a Metro stop is now $53.34 per square foot full-service.

Colony Capital has partnered with Barclays Bank PLC to structure the Index

EB5 Capital is contributing a $44.5 million preferred equity investment in Douglas' office-to-multifamily housing conversion.

The appointment will allow Steve Quick to completely focus on the global platform and initiatives.

The portfolio, which also contains a Northern Virginia sub-portfolio, is the largest multifamily transaction in Philadelphia to date, according to Morgan Properties.

The two companies together will have approximately $475 billion of assets under management.