IGIS Asset and Hana Financial Help Recap Fannie Mae HQ
Posted on 05/16/2021
On April 27, 2021, South Korea’s IGIS Asset Management Co., Ltd and Hana Financial Investment Co., Ltd. purchased a 49% stake in the headquarters of the U.S. mortgage lender Fannie Mae for 250,000,000,000 KRW. Both IGIS and Hana bought the stake in the two-building Midtown Center in Washington D.C. from Carr Properties. The U.S. real estate investment firm holds the remaining interest in the 868,834-square-foot property. The building is built on the former site of the headquarters of The Washington Post.
JLL Capital Markets (part of Jones Lang LaSalle) arranged the capitalization.
Property address: 1100 15th Street NW, Washington DC.
Keywords: Hana Financial Group.