Sound Real Estate Investment and Adherence to Disciplined Financial Principles
Washington Real Estate Investment Trust is a self-administered, self-managed, equity real estate investment trust founded in 1960, making it the oldest publicly traded REIT in the country. WRIT owns and operates income-producing real estate properties in the greater Washington, D.C. region. We invest in a diversified portfolio that includes office, medical office, retail and multifamily properties and land for development. This strategy has proven successful through five decades of established performance in the nation's capital.
The Washington, D.C. regional economy is one of the best—and most resilient—real estate markets in the country, populated by a highly educated and diverse workforce. In recent years, we have been repositioning our portfolio by acquiring high quality properties inside the Capital Beltway, which encompasses Washington, D.C.´s central business district and close–in suburbs, as well as in strategic locations in the region with strong demographics near major transportation nodes and regional health care centers.
As the only REIT focused exclusively on the greater Washington, D.C. region with a diverse portfolio of investments, the company enjoys a unique perspective on the market. WRIT knows Washington: Our people are experts in every aspect of real estate investing and property management in the communities in which they live and work. That experience, portfolio diversity and local focus combine to put WRIT in the perfect position to respond to shifts in the market and identify future opportunities as they arise.
WRIT has a storied history of building value for its shareholders as the oldest existing publicly-traded REIT in the United States: an investment of $10,000 in WRIT in December 1971, with dividends reinvested, would be worth $3.2 million as of December 2012.