370 L'Enfant Promenade is a 10-story, Class A office building located in Washington, DC. The property was acquired in February 1995. The investment opportunity was the result of capital market dislocation. At the time of acquisition, Sarofim was able to connect premier building operators with capital sources making for attractive investments at premium returns. This project has delivered strong income returns and was sold in 2006 with an IRR in excess of 16%.