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University Announces Broker for Possible Sale of Hall on Virginia Avenue

CBRE Group, Inc., to Represent University
January 28, 2016

The George Washington University announced on Jan. 28, 2016, that it has chosen CBRE Group, Inc., a commercial real estate services and investment firm, as its broker to represent the university as it pursues a possible sale of the Hall on Virginia Avenue (HOVA). The brokerage team consists of Peter Larkin, Andy Wimsatt and Bobby Meehling. Inquires regarding the property can be sent to peter.larkin@cbre.com, andrew.wimsatt@cbre.com or bobby.meehling@cbre.com.

"The university has received significant interest from the real estate community regarding HOVA and we look forward to receiving proposals for a potential sale of the property," said Alicia Knight, senior associate vice president for operations. "We anticipate making a decision this summer."

The university announced in November 2015 that it issued a request for proposals from brokers to represent GW in the possible sale of HOVA, which previously served as a graduate student residence hall until it closed in May 2014 for renovation. Since that time, the university has received interest from potential buyers and university leadership believed it was prudent to fully consider all available options.