Update

The combined entity, when the deal closes, will have an enterprise value of $12 billion.

The buyer, Hospitality Properties Trust, expects the deal to close on Sept. 20, 2019.

Still pending is the approval by HFF stockholders at the company's annual meeting earlier in the day on July 1.

This is a diversification play for Omega as well as an opportunity for growth.

The combined company brings together two complementary portfolios, increasing the size, scale, and diversification of the new entity.

WashREIT will close on the Maryland portion of the portfolio in the second quarter.

HFF placed the 75% loan-to-cost floating-rate bridge loan.

“This investment expands our geographic footprint to strong submarkets for one-story flex and industrial product at a fraction of replacement cost in these locations."