BETHESDA, MD—Locally-based ASB Real EstateInvestments, a company with select group of holdings inthe area, has sold off four major properties around the nation foran aggregate $195 million. The sales, which were made on behalf ofthe ASB Allegiance Real Estate Fund, ASB's $3.4billion open-end core real estate investment vehicle forinstitutional investors, are part of its plan to trim non-coreassets from its portfolio in the wake of last year's $1 billionacquisition spree.
The transactions include:
· A 356,000-square-foot-complex of industrial properties,located outside Minneapolis,
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
