American Armed Forces Mutual Aid Association Acquires Commercial Portfolio In Washington DC For $96.1M

A portfolio of three properties was sold, including the Pappas Tomato Factory building, the Equitable Co-Operative Building, and a 16-acre parcel near the National Arboretum, located at 1401 Okie Street Northeast and 915 F Street Northwest in Washington, DC. The portfolio was acquired for a total sale price of $96,100,000, representing a significant commercial asset transaction in the area.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $96,100,000
• Buyer: affiliates of American Armed Forces Mutual Aid Association
• Seller: Douglas Development
• Date of Sale: 01/13/2025
• Market: Washington, DC

This transaction highlights the involvement of affiliates of the American Armed Forces Mutual Aid Association as the buyer and Douglas Development as the seller, showcasing their roles in the successful acquisition of the properties in Washington, D.C.