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.