Obamas Purchased $8.1 Million Rented Home
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President Barack Obaam and his wife, Michelle, who have spent the past few months slowly figuring out the rhythm of post-White House life, have taken some time to invest in local real estate: They just spent $8.1 million to purchase the mansion they have been renting in an exclusive neighborhood in Kalorama, Washington.
Last May, the Obama’s decide to lease the 8,200-squre-foot Tudor-style mansion in Kalorama, a Washington neighborhood that has long been home to diplomats, lobbyists, politicians and occasional spy; The New York Times Reports. Ivanka Trump and her husband; Jared Kushner and United States Secretary of States Rex Tillerson all lives in this neighborhood.
The Nine-bedroom mansion was purchased through a holding company they control, according to Washington property records posted on Wednesday. The Property was previously owned by Joe Lockhart, a former press Secretary to Bill Clinton, who is now the top communications official for the National Football League. The sale, reported by the Chicago Sun-Times was confirmed by Kevin Lewis, Mr. Obama’s spokesman.
The New York Times
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