Washington Real Estate Investment Trust Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Real Estate Acquisitions and Discontinued Operations (Tables)

Real Estate Acquisitions and Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2011

Real Estate Acquisitions and Discontinued Operations

Acquisition of Properties and Land for Development During 2011

Acquisition

Date

Property
Name

Property
Type

Rentable
Square Feet

Contract
Purchase Price
(in thousands)

January 11, 2011

1140 Connecticut Avenue

Office

184,000

80,250

March 30, 2011

1227 25^th Street

Office

130,000

47,000

June 15, 2011

650 North Glebe Road⁽¹⁾

Multifamily

N/A

11,800

Total

314,000

139,050

⁽¹⁾

650 North Glebe Road is 37,000 square feet of land acquired by a consolidated joint venture for the purpose of developing a 150 unit apartment community. WRIT is a 90% owner of the joint venture.

Real Estate Sold During 2011 and 2010


Disposition Date	Property Name	Property Type	Rentable Square Feet		Contract Purchase Price (In millions)

April 5, 2011	Dulles Station, Phase I	Office		180,000	$	58.8

June 18, 2010	Parklawn Portfolio⁽¹⁾	Office/Industrial		229,000	$	23.4
December 21, 2010	The Ridges	Office		104,000		27.5
December 22, 2010	Ammendale I&II and Amvax	Industrial		305,000		23.0

		Total 2010		638,000	$	73.9

⁽¹⁾	The Parklawn Portfolio consists of three office properties (Parklawn Plaza, Lexington Building and Saratoga Building) and one industrial property (Charleston Business Center).

Operating Results of Properties Classified as Discontinued Operations


	Quarters Ended June 30,						Periods Ended June 30,
	2011			2010			2011			2010
Revenues	$	45		$	3,521		$	1,177		$	7,309
Property expenses		(55	)		(1,359	)		(547	)		(3,001	)
Real estate impairment		—			—			(599	)		—
Depreciation and amortization		—			(949	)		(499	)		(1,970	)
Interest expense		—			(228	)		—			(454	)

	$	(10	)	$	985		$	(468	)	$	1,884

Operating Income (Loss) By Property Classified as Discontinued Operations


		Quarters Ended June 30,					Periods Ended June 30,
Property	Segment	2011			2010		2011			2010
Parklawn Plaza	Office	$	—		$	61	$	—		$	132
Lexington Building	Office		—			46		—			65
Saratoga Building	Office		—			121		—			225
Charleston Business Center	Industrial		—			176		—			370
The Ridges	Office		—			84		—			191
Ammendale I&II	Industrial		—			265		—			516
Amvax	Industrial		—			88		—			178
Dulles Station, Phase I	Office		(10	)		144		(468	)		207

		$	(10	)	$	985	$	(468	)	$	1,884