Jackson Financial Sues to Foreclose on Bob Hope Building in Washington

Jackson Financial has sued to foreclose on an $18.1 million mortgage backed by the Bob Hope Building, a 10-story office building in Washington.

Bob Hope, an actor and comedian, attended a dedication ceremony at the building May 30, 1985, when the United Services Organizations named it in his honor.

Jackson and the owner of the building, BHB Partners, did not respond to requests for comment on the suit, filed April 12.

Jackson ended 2023 with $1.4 billion of investments in office mortgage loans and $61 billion in all types of general account investments.

The Bob Hope Building: The building now known as the Bob Hope Building was originally known as the Judiciary Building in 1961, when construction on the building began.

Many of the early tenants were District of Columbia government agencies.

The USO, a charitable organization that provides support for active-duty service members and military families, bought the building in 1982, renovated it and reopened it as the USO headquarters building in 1985.

The USO named the building after Hope because of his decades of support for efforts to provide entertainment for U.S. military personnel.