Access here alternative investment news about Rockwood Capital Recapitalizes Washington, D.c. Office Complex
Real Estate

Rockwood Capital Recapitalizes Washington, D.c. Office Complex

by benzinga.com posted 3weeks ago 31 views
NEW YORK, Nov. 1, 2021 /PRNewswire/ -- Rockwood Capital ("Rockwood") announced today it has completed the recapitalization of 655 New York Avenue NW, a trophy office complex in Washington, D.C. An affiliate of Rockwood has acquired a 49% stake in the Class A building on behalf of Meritz Alternative Investment Management. A Brookfield Asset Management real estate fund and Douglas Development, who together redeveloped and built the property in 2019, retained a 51% ownership stake. Terms of the transaction were not disclosed.