Pension Fund Investor Pays Good Price for Sansome Offices

By Jon Peterson Washington, D.C.-based Multi-Employer Property Trust, an open-ended commingled real estate equity fund, has paid approximately $450 a square foot, or $159 million, to acquire 475 Sansome St., a 353,000-square-foot San Francisco office building in the city’s North Financial District. The seller was the Abu Dhabi Investment Authority. The price is a “healthy” […]