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PRP Sets Record with $323M Purchase of D.C.’s Market Square

PRP Real Estate Investment has acquired the Market Square office complex in Washington, D.C., for $323 million, approximately the loan amount on the property. The transaction is reportedly the largest office sale of the year to date. The two-building complex on Pennsylvania Avenue houses the government affairs offices of more than 30 Fortune 500 companies.

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About PRP Real Assets

PRP Real Assets is a national real estate investment management and development firm with a focus on three key verticals: Mission Critical Assets, Multifamily, and Thematic Special Situation Investments. Since its inception in 2005, the company has acquired more than $6 billion in real estate investments on behalf of institutional investors, family offices, and financial institutions. PRP Real Assets is vertically integrated, with in-house expertise in investment management, development, construction, property management, and asset management. For more information, visit www.prpra.com. For further inquiries, please reach out to us at contact@prprei.com or 202-441-8400.