Koger Equity buys Maryland portfolio

Koger Equity recently acquired four properties, including two class A office buildings, a ground lease and an undeveloped parcel of land, located in the Decoverly Office Park in Rockville, Md.

The total value of the transaction was not disclosed.

This acquisition marks the company’s entry into the suburban Washington, D.C., area.

The two office buildings aggregate approximately 155,000 square feet of rentable space and were 91.6 percent occupied at the time of sale. The undeveloped land parcel contains 3.2 acres with an approved site plan for a four-story, 105,000-square-foot office building.

Koger Equity Inc. owns or has interests in office buildings in the southeastern United States, Texas and Maryland.