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Under Armour Founder Sells Historic Georgetown Mansion at Big Discount

James Macclain Texas county Dallas Washington, area District Of Columbia area District Of Columbia city Georgetown record art Inside Department

23.06.2020 - 02:59

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James McClain Kevin Plank, Under Armour’s charismatic founder and recently departed CEO, and his wife Desiree (née Guerzon) have finally unloaded their sophisticated Washington, D.C.

home — albeit with a steep price concession. The 200-year-old Federal-style mansion sold for $17.25 million, way under the $29.5 million originally asked but still a huge number for the Georgetown market.It appears the mysterious buyer paid cash, though his or her identity remains cloaked behind something called the Priory Holdings Trust, an enigmatic entity that traces back to a CPA office on the outskirts of Dallas, Texas.The Planks acquired the property over the summer of 2013 for just under $8 million, according to records.

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