Washington Real Estate Investment Trust Recognized for Workplace Excellence
ROCKVILLE, Md.--(BUSINESS WIRE)-- Washington Real Estate Investment Trust (WRIT) (NYSE: WRE) received the 2011 Workplace Excellence Award, the 2011 Health & Wellness Trailblazer Award, and the 2011 EcoLeadership Award from the Alliance for Workplace Excellence on May 2, 2011.
The Workplace Excellence Award winners demonstrate outstanding commitment to balanced leadership and the overall success of their workforce, and the Health & Wellness Trailblazer Award recognizes employers who provide innovative programs for employee health and wellness. The EcoLeadership Award recognizes visionary employers who are paving the way for environmentally sustainable workplaces. These awards were created to honor businesses that promote professional fulfillment, personal wellness and a sustainable environment-at work, at home, and in the community. This is WRIT's third Workplace Excellence Award, second Health & Wellness Trailblazer Award, and first EcoLeadership Award.
Laura Franklin, Executive Vice President of Administration of WRIT said, "We are proud to be recognized for the various initiatives our company has taken to cultivate a healthy working environment for our employees. We continue our commitment to support a positive corporate culture and serve our local communities."
The Alliance for Workplace Excellence (AWE) is a 501(c)3 nonprofit organization founded by Montgomery County, Maryland and Discovery Communications.
WRIT is a self-administered, self-managed, equity real estate investment trust investing in income-producing properties in the greater Washington metro region. WRIT owns a diversified portfolio of 86 properties totaling approximately 11 million square feet of commercial space and 2,540 residential units, and land held for development. These 86 properties consist of 26 office properties, 16 industrial/flex properties, 18 medical office properties, 15 retail centers and 11 multifamily properties. WRIT shares are publicly traded on the New York Stock Exchange (NYSE:WRE).
Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors include, but are not limited to, the potential for federal government budget reductions, changes in general and local economic and real estate market conditions, the timing and pricing of lease transactions, the effect of the current credit and financial market conditions, the availability and cost of capital, fluctuations in interest rates, tenants' financial conditions, levels of competition, the effect of government regulation, the impact of newly adopted accounting principles, and other risks and uncertainties detailed from time to time in our filings with the SEC, including our 2010 Form 10-K. We assume no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Source: Washington Real Estate Investment Trust (WRIT)
Released May 2, 2011