EXHIBIT 99


Welcome to WRIT Direct.  Whether you are already a WRIT shareholder or are
interested in becoming one, you will find WRIT Direct, our dividend reinvestment
and direct share purchase program, to be a convenient way to become a
shareholder, increase your holdings and manage your investment in WRIT.

WRIT Direct allows you to:

    .   Purchase WRIT shares directly from us by writing a check or making
        automatic purchases through deductions from your U.S. bank account

    .   Reinvest all or part of your dividends without paying fees or brokerage
        commissions

    .   Receive any cash dividends by check in the mail or by direct deposit
        into your U.S. bank account

    .   Easily transfer or sell your WRIT shares

    .   Take advantage of our free safekeeping option by depositing any
        certificated WRIT shares you hold into your WRIT Direct account

Please read the enclosed prospectus in its entirety for a more detailed
description of WRIT Direct and its features.  We hope you will enjoy WRIT Direct
and the investment options it provides.