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WashREIT Completes Sale of Three DC-Area Shopping Centers

Real Estate Investment Trust Continues to Reduce Exposure to Retail
Frederick Crossing is one of the shopping centers WashREIT sold as it shifts focus to multifamily. (CoStar)
Frederick Crossing is one of the shopping centers WashREIT sold as it shifts focus to multifamily. (CoStar)
By Anne Scobell
CoStar Research
September 3, 2019 | 1:54 P.M.

Washington REIT wrapped up its previously disclosed sale of three D.C.-area shopping centers as the company minimizes its exposure in the retail sector and recycles capital into multifamily.

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