Elme Communities Sells Watergate 600 Office In Washington DC For $52.5M

The property involved in the transaction is an office asset located at 600 New Hampshire Avenue Northwest, Washington, DC. It was sold for a price of $52,500,000, which reflects a significant decrease of more than 60% compared to its 2017 purchase price of $135,000,000.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $52,500,000
• Seller: Elme Communities
• Market: Washington, DC
• Sale Date: 03/09/2026

Elme Communities is preparing to dissolve later this year, which has influenced the decision to sell Watergate 600 at a reduced price. This transaction marks a notable shift in the company's asset management strategy within the Washington, DC market.