CoStar Agrees to $101MM Sale Leaseback

CoStar agreed to sale of their bldg in DC. They purchased it for $41MM last year and sold to a German fund for $101MM. Not a bad return for one year holding period. That IRR should be through the roof. CoStar signed a 15 year lease.

http://www.bizjournals.com/washington/blog/2011/02/costar-agrees-to-sell-its-new-hq.html