Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies and Basis of Presentation (Policy)

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Summary of Significant Accounting Policies and Basis of Presentation (Policy)
6 Months Ended
Jun. 30, 2011
Summary of Significant Accounting Policies and Basis of Presentation  
Significant Accounting Policies
Principles of Consolidation and Basis of Presentation

The accompanying unaudited consolidated financial statements include the consolidated accounts of WRIT, its majority-owned subsidiaries and entities in which WRIT has a controlling interest, including where WRIT has been determined to be a primary beneficiary of a variable interest entity ("VIE"). All intercompany balances and transactions have been eliminated in consolidation.

We have prepared the accompanying unaudited financial statements pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles ("GAAP") have been condensed or omitted pursuant to those rules and regulations, although we believe that the disclosures made are adequate to make the information presented not misleading. In addition, in the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the results for the periods presented have been included. These unaudited financial statements should be read in conjunction with the financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2010.

Within these notes to the financial statements, we refer to the three months ended June 30, 2011 and June 30, 2010 as the "2011 Quarter" and the "2010 Quarter", respectively, and the six months ended June 30, 2011 and June 30, 2010 as the "2011 Period" and "2010 Period", respectively.

Use of Estimates in the Financial Statements
Reclassifications