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Real estate circles buzzed Wednesday over reports that President Obama and first lady Michelle Obama have decided to lease this nine-bedroom mansion in Washington's Kalorama neighborhood when he leaves office in January 2017. The home sits on a quarter-acre lot just down the road from the Naval Observatory, the vice president's official residence.
Real estate circles buzzed Wednesday over reports that President Obama and first lady Michelle Obama have decided to lease this nine-bedroom mansion in Washington's Kalorama neighborhood when he leaves office in January 2017. The home sits on a quarter-acre lot just down the road from the Naval Observatory, the vice president's official residence. Andrew Harnik—AP

This is Where the Obamas Will Move After Leaving the White House

May 26, 2016

The Obamas will move to a nine-bedroom home in the Kalorama neighborhood of Washington D.C. after leaving the White House in 2017, according to reports.

The family will rent the 8,200-square-foot home while President Obama's daughter Sasha finishes high school in the nation's capitol. The home is owned by Joe Lockhart, a Democratic Party insider who now serves as an executive at the National Football League, and his wife Giovanna Gray Lockhart, a Glamour editor.

The location in Kalorama is a popular spot for many of the city's wealthy and already features a large security presence to protect the many diplomats who call it home.

The news, first reported by Politico, comes less than a month after the White House announced that the Obama's oldest daughter Malia will attend Harvard University in the fall after taking a gap year.

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