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Washington Real Estate Investment Trust
WRIT started 2011 off with a bang, announcing two major acquisitions in the District. The first was 1140 Connecticut Ave. NW, a 12-story office building with a three-level parking garage, for $80.25 million. Not long after was a $47 million deal to purchase 1227 25th St. NW, an eight-story office building. Later, it announced a large sell-off of industrial properties, in three phases. The first came in September ($235.8 million), the second a month later ($44.5 million) and the last in November ($70.6 million).
Trivia
WRIT is the oldest publicly traded real estate investment trust in the country.
6110 Executive Blvd., Suite 800
Rockville Md., 20852
301-984-9400
Founded: 1960
President and CEO: George F. McKenzie
Revenue: $297,980
Assets: $2,167,880
Employees (local): 300 (300)
NOTE: Our methodology for the rankings.
