New York REIT

May 26, 2016 Comments Off on NY REIT, JBG to Create $8.4B JBG Realty Trust Views: 309 California News, Maryland, National News, New York, Northeast

NY REIT, JBG to Create $8.4B JBG Realty Trust

New York REIT Inc. has struck a definitive agreement with the JBG Cos., based in Chevy Chase, MD to create JBG Realty Trust. The new REIT, worth $8.4 billion, will be one of the largest that owns office and mixed-use assets in urban-infill locations. The closing is anticipated for the end of 2016.

The combined companies’ portfolios will consist of 14.5 million square feet of office, residential and retail properties in New York and Washington, DC. Operations will be based in Chevy Chase, with an additional office in New York City.

Read More at PR Newswire

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , , ,

Comments are closed.