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PRP To Reshape Portfolio With $2 Billion Earmarked for Industrial Investment

DC Firm in Talks To Sell $1 Billion Worth of Office Real Estate As It Shifts Focus to Logistics Properties and Data Centers
PRP entered into an agreement to sell Pioneer Natural Resources' headquarters in Irving, Texas, just two years after acquiring the property for $584.2 million. (Erik Carlson/CoStar)
PRP entered into an agreement to sell Pioneer Natural Resources' headquarters in Irving, Texas, just two years after acquiring the property for $584.2 million. (Erik Carlson/CoStar)
By Bryce Meyers
CoStar News
August 24, 2021 | 3:51 AM

PRP Real Estate Investment Management completed one large office sale in the Washington, D.C., area, and has another on deck as it looks to reshape its portfolio to focus on properties that have performed better during the coronavirus pandemic.

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