Obama and first lady Michelle will lease an 8,200-square-foot mansion in the Kalorama neighborhood of D.C., according to Politico. The residence is reportedly owned by Joe Lockhart, Glover Park Group co-founder, and his wife, Giovanna Gray Lockhart, the Washington editor of Glamour.
The nine-bedroom, eight-and-a-half-bath home was built in 1928 and last sold for $5.3 million in May 2014, according to Redfin data. Redfin estimates the home is now worth $6.3 million.
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