The portfolio, including nine office buildings in the D.C. suburbs, was acquired in two separate deals in 2016 and 2017.
Canary Wharf Group and Brookfield have signed a deal to supply the estate with energy from new wind farm.
The purchase comes as the hotel industry posts double-digit annual price gains in most areas of the country.
The firm expects to launch another nontraded REIT after its best fundraising year to date.
The firm is on the brink of foreclosure on one New Jersey mall and is seeing distress in seven other malls in Midwest and East Coast markets.
Toby Millman joins the local firm as regional partner after spending four years leading The Yards and other D.C.-area projects for Brookfield.
Brookfield has $13B of loans maturing this year
Brookfield Asset Management's new fund would be its fifth flagship after it closed on its fourth fund, a $17B vehicle, earlier this year.
Along with the acquisition, Brookfield agreed to purchase seven data center properties where Cyxtera operates to help shore up its business.
Brookfield Property Partners has $25B of debt to refinance before the end of 2024.
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