The Obamas purchased the Kalorama mansion they’d been renting. (Marvin Joseph/The Washington Post) 
 
 Looks like former president Barack Obama and former first lady Michelle Obama are putting down deeper roots in Washington: After renting a Kalorama home for their post-White House stint, the couple have purchased the eight-bedroom, nine-and-a-half-bath home for $8.1 million, according to property records. 
 
 The Obamas have said they plan to remain in D.C. while their younger daughter, Sasha, finishes high school at Sidwell Friends. After leaving the executive mansion in January, the family settled into a rental home owned by Bill Clinton press secretary Joe Lockhart and his wife, Giovanna Gray Lockhart, an 8,200-square-foot home that was built in 1921 and renovated in 2011. 
 
 The Obamas still own a Georgian-style home in the Hyde Park neighborhood on the South Side of Chicago, the city that will house the Obama presidential library. 
 
 Spokesman Kevin Lewis, in a statement, said the purchase just made sense for the family: “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.” 
 
 1 of 8 Full Screen Autoplay Close Skip Ad × A look inside the Obamas’ Kalorama home View Photos The neighborhood also is home to President Trump’s daughter Ivanka and Amazon founder Jeff Bezos. Caption The neighborhood also is home to President Trump’s daughter Ivanka and Amazon founder Jeff Bezos. Former President Barack Obama and his wife, Michelle, are renting the $5.9 million residence that features eight bedrooms and nine-and-a-half bathrooms. The 8,200-square-foot home was built in 1921 and renovated in 2011. Courtesy of the McFadden Group Buy Photo Wait 1 second to continue. 
 
 D.C. records show that Lockhart sold the home for $8.1 million to Homefront Holdings LLC, which is controlled by the Obamas. The deed transfer was recorded on Wednesday. Lockhart bought the home in 2014 for $5.295 million, records show. 
 
 The $8.1 million purchase price makes the Obamas’ new home the second-most expensive in the Kalorama neighborhood, behind the $23 million that Jeffrey P. Bezos, the Amazon founder and owner of The Washington Post, paid for the former Textile Museum. 
 
 The Obamas have called the swanky Washington neighborhood (where neighbors include Ivanka Trump and Jared Kushner) their home, but it’s really functioned more like a home base for the globe-trotting family. The former first couple traveled to French Polynesia for an extended vacation after leaving the White House and also vacationed in Tuscany. ||||| The Obama family has officially bought a piece of D.C. property. 
 
 Former president Barack Obama and former first lady Michelle Obama purchased the Kalorama home they’ve been renting since they left the White House in January. 
 
 Get push notifications with news, features and more. 
 
 In a statement obtained by PEOPLE, spokesperson Kevin Lewis explained: “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.” 
 
 The Obamas have said they plan to remain in the capital while their 15-year-old daughter Sasha finishes high school at Sidwell Friends in Washington. 
 
 RELATED VIDEO: This Is How Much It Would Cost to Paint the White House (And More Crazy Facts) 
 
 The couple bought the 8200-square-foot eight-bedroom, 9½-bath mansion for $8.1 million, according to the Washington Post. Photos of the upstairs residence were published in a spread in Architectural Digest last December. 
 
 The residence was previously owned by Joe Lockhart, the former White House Press Secretary under President Bill Clinton. (Lockhart moved to New York City last year to take a job with the NFL). 
 
 The Obamas will continue to be neighbors with Ivanka Trump and her husband, Jared Kushner, who live a few blocks away.
– It's not the White House, but Barack and Michelle Obama clearly aren't too disappointed with their new Washington, DC, home: After renting it for several months, they've opted to buy it, reports People. The Obamas purchased the 8,200-square-foot home in the Kalorama neighborhood this week for $8.1 million, snatching it up from NFL executive Joe Lockhart, who bought it for $5.3 million in 2014, reports the Washington Post. Since the family plans to stay in Washington until Sasha, 15, finishes high school, "it made sense for them to buy a home rather than continuing to rent property," a rep says.