Washington Harbour is one of only five institutional-quality office buildings located on the water in the District.

Two of the three properties in the 633-unit portfolio are located in Baltimore.

The slowdown is likely due to higher asset pricing, with fund managers moving to the lower end of the market for deal flow.

Wills Wharf will comprise over 325,000 square feet of class A office, retail, and hotel space.

But is the space ready for Blackstone and other institutional investors?

He will be the firm's managing director, leading its Industrial Asset Services teams in the Mid-Atlantic.

Welltower will be able to better target post-acute care services with this acquisition, said CEO Tom DeRosa.

The 38,926-square foot parcel of land is situated at the corner of Montana Ave., NE and Rhode Island Ave., NE.