GIC Partners with Beacon Capital on Prime DC Real Estate
Large asset owners such as sovereign funds continue to provide U.S. real estate managers the ability to diversify their portfolios. In a massive institutional real estate deal, Singapore’s GIC Private Limited formed a joint venture with a number of investors to buy into a Washington D.C. office portfolio. With law firms and lobbyists pulling back from the Washington, D.C. real estate market over a Donald Trump victory, this deal offers some hope for future institutional investors in the area.
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