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WASHINGTON, DC—Following the somewhat deflating news that First Potomac Realty Trust’s market cap had dropped below $700 million,  the REIT announced this week it has found buyers for the non-core assets it put on the market last year. It also plans to put another $150 million of non-core assets on the market, under a strategic plan that CEO Robert Milkovich announced during the REIT’s fourth quarter earnings call.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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