Columbia Realty Venture v. District of Columbia

KERN, Associate Judge:

Appellant Columbia Realty Venture (Venture) is a limited partnership formed under the laws of the District of Columbia. In 1975, the Venture acquired twelve deeds from the Columbia Realty Trust (Trust), an unincorporated business trust. The deeds conveyed all right, title and interest in various parcels of real property in the District of Columbia from the Trust to the Venture. As part of this transaction, the Venture transferred interests in the limited partner ship to the Trust. 1 The Venture also assumed all existing mortgages, liens, and encumbrances on the property…