DWS’ Todd Henderson on shedding offices, investing in multifamily and single-family rentals
German asset manager DWS Group and its U.S. real estate subsidiary Rreef are on an office selling spree, especially in South Florida. In February, Frankfurt-based DWS sold the Las Olas Centre I & II office towers at 350 and 450 East Las Olas Boulevard in downtown Fort Lauderdale for $208 million. The next day, a Rreef Property Trust affiliate sold the Bank of America Plaza at Las Olas City Centre at 401 East Las Olas Boulevard, also in downtown Fort Lauderdale, for $221 million, according to records. The deals mark the biggest office investment sales in South Florida so far […]This article originally appeared on The Real Deal. Click here to read the full story.
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