Beacon Capital Partners LLC entered into an agreement to acquire 292,000 square foot office building at 2445 M Street NW, Washington from Washington Real Estate Investment Trust for approximately $100 million.
January 01, 2018
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Beacon Capital Partners LLC entered into a letter of intent to acquire 292,000 square foot office building at 2445 M Street NW, Washington from Washington Real Estate Investment Trust (NYSE:WRE) on January 2, 2018. Beacon Capital Partners LLC entered into an agreement to acquire 292,000 square foot office building at 2445 M Street NW, Washington from Washington Real Estate Investment Trust (NYSE:WRE) for approximately $100 million on January 23, 2018. In a related transaction, Washington Real Estate Investment Trust entered into a definitive agreement to purchase Arlington Tower for approximately $250 million on January 2, 2018. The transaction is subject to negotiation and execution of definitive transaction documents and the satisfaction of all closing conditions set forth in such definitive transaction documents. The transaction is expected to close between June 2018 to September 2018.
Elme Communities is a multifamily real estate investment trust. The Company operates in a single reportable segment which includes the ownership, development, redevelopment and acquisition of apartment communities. It owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions, and owns approximately 300,000 square feet of commercial space. Its properties include Elme Alexandria, Cascade at Landmark, Clayborne, Riverside Apartments, Bennett Park, Park Adams, The Maxwell, The Paramount, The Wellington, Trove, Roosevelt Towers, Elme Dulles, Elme Herndon, The Ashby at McLean, Kenmore Apartments, Elme Watkins Mill, Elme Germantown, Elme Eagles Landing, Elme Druid Hills and Watergate 600.
Beacon Capital Partners LLC entered into an agreement to acquire 292,000 square foot office building at 2445 M Street NW, Washington from Washington Real Estate Investment Trust for approximately $100 million.
ELME COMMUNITIES 
