WASHINGTON — 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.