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WASHINGTON
REAL ESTATE INVESTMENT TRUST ANNOUNCES
THE
APPOINTMENT OF TWO NEW TRUSTEES
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Washington
Real Estate Investment Trust (WRIT) (NYSE: WRE) announces that on May 15th the
Board of Trustees appointed Wendelin (Wendy) White and Terence Golden to serve
as trustees effective immediately.
Wendy
White is a partner at Pillsbury Winthrop Shaw Pittman LLP (Pillsbury), where she
has practiced law since 1981. Ms. White currently sits on Pillsbury's Managing
Board and is the head of the firm's DC real estate group. In 2007, Ms. White was
ranked by Chambers USA as a leading Real Estate attorney in the District of
Columbia. She was named by the Washington Business Journal in 2005 as the top
real state transactional lawyer in the region. Wendy concentrates her practice
on acquisitions, dispositions and financings of commercial properties. Ms. White
is a member of the Federal City Council and sits on the Board of Directors of
the Economic Club of Washington D.C. She is a member and past President of CREW
(Commercial Real Estate Women) of Washington, and sits on CREW's Advisory Board.
She is also a member of the National Association of Real Estate Investment
Trusts (NAREIT) and the District of Columbia Building Industry Association
(DCBIA). Ms. White obtained her Juris Doctor from the University of Miami School
of Law, her Masters of Fine Arts English from the University of California at
Irvine, and her Bachelor of Arts in English from Sweet Briar
College.
Terence
Golden has been Chairman of Bailey Capital Corporation, a private investment
company in Washington, D.C. since 2000. From 1995 until 2000, Mr. Golden was
President, Chief Executive Officer and a director of Host Marriott Corporation.
He serves as Director of Host Hotels and Resorts, Pepco Holdings, and The
Cafritz Foundation. Mr. Golden also serves as Chairman of the Federal City
Council and is active in a number of philanthropic activities. From 1985 to
1988, Mr. Golden served as the head of the General Services Administration, and
from 1984 to 1985, served as Assistant Secretary of the U.S. Department of the
Treasury. Mr. Golden obtained his Masters of Business Administration from
Harvard University, his Master of Science in Nuclear Engineering from
Massachusetts Institute of Technology and his Bachelor of Science in Mechanical
Engineering from the University of Notre Dame.
WRIT is a
self-administered, self-managed, equity real estate investment trust investing
in income-producing properties in the greater Washington metro region. WRIT's
dividends have increased every year for 38 consecutive years. WRIT's FFO per
share has increased every year for 35 consecutive years. WRIT owns a diversified
portfolio of 91 properties consisting of 14 retail centers, 26 office
properties, 16 medical office properties, 24 industrial/flex properties, 11
multi-family properties and land for development. 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, fluctuations in
interest rates, availability of raw materials and labor costs, levels of
competition, the effect of government regulation, the availability of capital,
weather conditions, the timing and pricing of lease transactions, and changes in
general and local economic and real estate market conditions.
END
