Washington, DC

While the final figures are still being negotiated, Defense will likely see a 10% increase to its base budget, according to JLL.

Thus far in the fourth quarter, the REIT has completed 185,000 square feet of development leasing including this transaction.

WASHINGTON, DC--Private equity investment volume rose 26% in Q3 over the previous quarter, according to the American Investment Council.

“These changing perceptions, combined with rising rents and tightening supply of affordable housing, are likely to fuel continued multifamily market growth in the years ahead."

“So far, the adage 'build it, and they will come' has proven to be true in the Washington metro apartment market."

It will have to source capital for affordable opportunities that are incentivized to stay that way, the report concluded.

It is also under contract to sell its 316 room Marriott Hotel in Fairfax, VA for $42 million.

“We wanted to do a deep dive for CRE but the data was too thin; there were not enough respondents.”