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Address: 2425 L Street, NW Property Type: Commercial
Square Footage: 315,000 During a joint-venture with Cafritz Interest in 1999, The Bernstein Companies purchased the notes secured by then Columbia Hospital for Women in the Georgetown/Foggy Bottom area of Washington, DC. The notes were restructured allowing the hospital greater autonomy and the ability to gain control over their internal operations, while at the same time providing the joint-venture control over management and parking. The note was paid in full two years later, and the historic site was subsequently sold as a large mixed-use development site. Sold |
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COLUMBIA HOSPITAL - SOLD