UIP ACQUIRES THREE OFFICE BUILDINGS FROM AMERICAN UNIVERSITY IN WASHINGTON, DC FOR $45 MILLION
- Written by PitchEngine USA
Urban Investment Partners (UIP) of Washington DC has acquired three class C office buildings in the Tenleytown neighborhood of Washington, DC from American University (AU). The portfolio, including the longtime home of National Public Radio affiliate WAMU, traded for $45 million.
UIP plans to invest $75 million in order to gut-renovate the...