Saban Real Estate Sells 14-Property, Nationwide Portfolio and Acquires 250 E St. SW, Washington D.C.

LOS ANGELES–(BUSINESS WIRE)–Saban Real Estate today announced its affiliate (“SRE”) has completed
the sale of a 14-property office portfolio for $430 million. The
portfolio totaled 1.48 million square feet in eleven states and at the
time of sale was approximately 94% leased to the federal government and
99% leased overall. Additionally, SRE today announced the acquisition of
250 E St. SW, a 340,000 square feet Class A office building in
Washington D.C.

“The 14-property sale completes an eight-year journey with this
portfolio for Saban Real Estate,” said Philip Han, Chief Investment
Officer at Saban Capital Group. “We are proud of the work we did and
value we added throughout the portfolio over the last several years,
including leasing over 1.5 million square feet to the federal government
in eight of eleven GSA regions.”

“250 E St. is a great addition to our recent acquisition at 425 “I” St.,
NW, also in Washington D.C.,” said Bowen Hsu, Managing Director for
Saban Real Estate. “Together with our existing assets, including the EPA
headquarters building in Denver, we believe we own a unique,
high-quality, national GSA portfolio that we look forward to continuing
to upgrade and grow.”

About Saban Real Estate

Saban Real Estate and its affiliates operate in three segments: student
housing where it owns a portfolio of 30 properties containing
approximately 20,000 beds; government office where it owns and operates
a portfolio of 7 properties with approximately 1.4 million square feet;
and lastly in the self-storage space where it owns a portfolio of 34
properties with in excess of 19,000 storage units.

Contacts

Media
Saban Real Estate:
Stephanie
Pillersdorf/Kelsey Markovich/Tori Goodell
Sard Verbinnen & Co.
Saban-SVC@sardverb.com

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