1501 M Street NW
Washington, DC

Former holding of the principals sold in February of 2006 for $65.8 MM

1501 M Street Acquisition Strategy

  • Off-market acquisition at advantageous pricing.
  • Purchase Price at a discount to replacement cost.
  • Short term rollover allowing for repositioning of asset to take advantage of improving submarket fundamentals.
  • American Real Estate Partners boutique trophy asset allowing for a significant mark to market.

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*The properties represented in American Real Estate Partners' portfolio are owned by the principals of American Real Estate Partners through other entities.

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