Multi-Employer Property Trust buys 2 retail centers in D.C. area

10/28/2011 |

Multi-Employer Property Trust has acquired two grocery-anchored retail centers in the Washington, D.C., area for $122.6 million. The REIT views both properties as core investments and intends to make more, as it sees its portfolio underweighted in retail on the East Coast, said Marty Standiford, senior vice president at Bentall Kennedy, which advised the REIT.

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