Allianz finance JV's Washington DC office acquisition

The $237 million loan will finance the acquisition of Patriot's Plaza, a government-leased office complex in downtown Washington DC by a joint venture between US fund Multi-Employer Property Trust and German pension fund Ärzteversorgung Westfalen-Lippe.

Allianz Real Estate has provided a $237 million loan to finance Patriots Plaza, a government-leased office complex in downtown Washington DC, reported PDI sister title REC. 

The loan has been provided to a newly-formed joint venture between US fund Multi-Employer Property Trust (MEPT) and German pension fund Ärzteversorgung Westfalen-Lippe (AVWL).

Share this