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ARTICLE

We’re Staying: Obamas Buy The Home They Were Renting
POSTED BY WLAS June 1st, 2017 0 COMMENTS

The DMV – that’s D.C., Maryland and Virginia can now proudly call the Obamas part of the community. Looks like after 8 years in Washington, D.C., the Obamas ain’t going nowhere soon. Originally staying in the area to keep their youngest daughter Sasha at her prestigious private school, they now appear to be putting down roots.

The New York Times reports:

President Barack Obama 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 buy the mansion they’ve been renting in an exclusive neighborhood here.

Last May, the Obamas decided to lease the 8,200-square-foot Tudor-style mansion in Kalorama, a Washington neighborhood that has long been home to diplomats, lobbyists, politicians and the occasional spy. The wealthy enclave is especially crowded lately: President Trump’s daughter Ivanka Trump, her husband, Jared Kushner, and Secretary of State Rex W. Tillerson have all moved into Kalorama in recent months.

The Obamas purchased the nine-bedroom home 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.

“Given that President and Mrs. Obama will be in Washington for at least another two and a half years, it made sense for them to buy a home rather than continuing to rent property,” Mr. Lewis said in an email.

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