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ACQUISITION
CRITERIA
WRIT (NYSE: WRE) is a publicly traded equity real
estate investment trust. Our diversified portfolio consists of apartments, office buildings,
shopping centers, medical offices, and industrial properties throughout the Washington-Baltimore region.
WRIT will pursue leased properties as well as properties with lease-up risk or those that could
benefit from renovations, reconfigurations or expansions. As a principal, WRIT evaluates properties
and closes transactions quickly. Geographic Focus Washington-Baltimore
metropolitan region. WRIT prefers locations within a two-hour drive of its Rockville, Maryland,
headquarters. WRIT will also consider portfolio acquisitions north to Philadelphia and south to
Richmond.
Property Focus | Retail Centers. | Neighborhood and community strip
centers, preferably with food and drug anchors. | | Industrial/Flex. | Bulk warehouse,
office/warehouse or flex properties. | | Office Buildings. | Downtown and
suburban locations. Class A or Class B. Will consider lease-up and repositioning risk. |
| Multi-family. | Class A or Class B, high-rise or garden. | | Medical Office. | On or off
campus, adjoining major medical centers preferred. |
General Criteria
| Minimum Investments. $5 million. | | All Cash. | WRIT buys on an all-cash
basis. WRIT will also consider acquisitions with existing assumable mortgages. | | Tax-Deferred Transactions. | WRIT will structure operating partnership unit exchanges, as well as other
like-kind exchanges. | | Confidentiality. | All information
will be held in absolute confidence. | Submissions Submissions
should include: - Asking price
- Physical
description
- Site plan/survey
- Detailed rent roll including rent, options,
escalations, and expense and tax information
- Operating statements for the past three years
and current year to date
- Photographs/maps
- Summary of recent capital
expenditures
- Demographics
- Tenant sales
- Environmental studies
Please direct inquiries to: Thomas L. Regnell Managing Director, Acquisitions
Washington Real Estate Investment Trust 6110 Executive Boulevard, Suite 800 Rockville,
Maryland 20852 tregnell@writ.com
Tel: 301-255-0803 Toll-free: 800-565-9748 Fax: 301-984-9614
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