The company is making $50 million available to Ashford Hospitality Trust that can support up to $500 million in acquisitions.

Miller will serve as EVP and market leader overseeing the Washington DC area offices.

“The acquisition does highlight the fact that sometimes you acquire assets on Wall Street more efficiently than on Main Street.”

Some $2.5 billion in commitments from public pension funds and other institutional investors are expected.

As part of the deal Greystar and Blackstone are acquiring a portfolio of off-campus student housing for $1.2 billion.

Industrial could suffer depending on how smaller online retailers reconsider their distribution and sales patterns in the wake of the decision.

As part of a larger sweeping government reorganization plan, the Administration is seeking to increase private market competition in the mortgage finance system. Meanwhile FHFA wants to establish new capital requirements in the enterprises' mortgage guarantees and portfolio holdings.

When it acquired the 405,000-square foot building last year the company vowed to launch an aggressive leasing initiative once the improvements were complete.