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WASHINGTON, DC-ASB Real Estate Investments has snapped up a Capitol Hill building that will be leased by the University of the District of Columbia through 2026. It paid $53.5 million for the 88,000-square foot building. The seller was Brookfield Asset Management, which has owned the property since 2004. The purchase was made on behalf of ASB’s Allegiance Fund, a $2.7 billion fund that invests in core real estate.

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