Investing in Office Space
Decorated with monuments and filled with federal buildings, Washington, D.C. also is teeming with much-needed office space. Life insurers have helped provide the financing, investing $8.5 billion in mortgages for office space in the nation’s capital.
Investing in Apartments/Multifamily
Life insurers have invested $3.1 billion in mortgages for apartment buildings and multifamily units, helping individuals and families call the District of Columbia “home.”
Investing in Retail
The National Retail Federation reports that 14 percent of the jobs in the District are supported by retail. Life insurers are part of this employment story, providing $427 million in mortgages for retail operations.
Investing in Residential
Life insurers have provided $142 million in mortgage loans for single-family homes in the District of Columbia.
Investing in Education
Life insurers have purchased bonds issued by Howard University, George Washington University, Georgetown University and the University of the District of Columbia. In all, they have invested $116 million in higher education in the nation’s capital.
Investing in Affordable Housing
Life insurers have purchased $40 million in bonds that promote affordable housing in the nation’s capital.