-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TeV7TG9SgR+NvST91VvZD6EOsaO3khrg8Z7LQlQi9tSjKBS89sbazKZSqjM3WyyV DEQA4qeW5g6cxYt6MUDfCQ== /in/edgar/work/20000824/0000928385-00-002342/0000928385-00-002342.txt : 20000922 0000928385-00-002342.hdr.sgml : 20000922 ACCESSION NUMBER: 0000928385-00-002342 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000822 ITEM INFORMATION: FILED AS OF DATE: 20000824 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WASHINGTON REAL ESTATE INVESTMENT TRUST CENTRAL INDEX KEY: 0000104894 STANDARD INDUSTRIAL CLASSIFICATION: [6798 ] IRS NUMBER: 530261100 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-06622 FILM NUMBER: 709221 BUSINESS ADDRESS: STREET 1: 6110 EXECUTIVE BOULEVARD STREET 2: SUITE 800 CITY: ROCKVILLE STATE: MD ZIP: 20852 BUSINESS PHONE: 3019295900 MAIL ADDRESS: STREET 1: 6110 EXECUTIVE BOULEVARD STREET 2: SUITE 800 CITY: ROCKVILLE STATE: MD ZIP: 20852 8-K 1 0001.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) AUGUST 22, 2000 -------------------------------- WASHINGTON REAL ESTATE INVESTMENT TRUST - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Maryland 1-6622 53-0261100 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File (IRS Employer of incorporation Number) Identification Number) 6110 Executive Boulevard, Suite 800, Rockville, Maryland 20852 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (301) 984-9400 ------------------------------ Item 5: OTHER EVENTS Attached hereto as Exhibit 99 is a copy of the Trust's press release, dated August 22, 2000. Exhibit Number ------- 99 Press Release dated August 22, 2000 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. WASHINGTON REAL ESTATE INVESTMENT TRUST --------------------------------------- (Registrant) By: /s/ Larry E. Finger ----------------------------------- (Signature) Larry E. Finger Senior Vice President Chief Financial Officer August 22, 2000 - --------------------------- (Date) EX-99 2 0002.txt EXHIBIT 99 EXHIBIT 99 NEWS RELEASE [WRIT Logo] Washington Real Estate Investment Trust
CONTACT: 6110 Executive Boulevard Listed: NYSE Larry E. Finger Suite 800 Trading Symbol: WRE Senior V.P. - C.F.O. Rockville, Maryland 20852 Newspaper Quote: WRIT Direct Dial: (301) 255-0820 Tel 301-984-9400 www.writ.com E-Mail: lfinger@writ.com Fax 301-984-9610
FOR IMMEDIATE RELEASE August 22, 2000 WRIT SELLS CLAIRMONT SHOPPING CENTER Washington Real Estate Investment Trust (WRIT) announced today that it has sold the Clairmont Shopping Center in Salisbury, Maryland for $3.0 million, resulting in a gain of approximately $1.6 million. The purchaser was a local developer who owns commercial properties in the Eastern Maryland and Southern Delaware areas. Built in 1965, the one-story neighborhood center contains approximately 39,000 square feet of retail space and had been in the WRIT portfolio since 1976. Edmund B. Cronin, Jr., WRIT's CEO, said that, "This sale is pursuant to our strategic plan to dispose of properties which do not fit our long-term objectives and are not located in the Washington-Baltimore Region. We are very pleased with the gain on this transaction and anticipate investing the proceeds in property with greater long-term investment potential. Commencing in 1998, this plan has resulted in the sale of eight properties for a total of $39.6 million, yielding a total gain of $18.2 million." WRIT will utilize the proceeds of this sale in a tax-deferred exchange whereby WRIT re-invests the sales proceeds on a tax-free basis in another real estate property. WRIT is a self-administered, self-managed, equity real estate investment trust investing in income-producing properties in the greater Washington-Baltimore region. The Trust owns a diversified portfolio of 56 properties consisting of 10 neighborhood retail centers, 22 office buildings, 15 industrial distribution properties and 9 apartment properties. WRIT shares are publicly traded on the New York Stock Exchange (symbol: 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 inability to agree to terms on acceptable real estate property for reinvestment of the proceeds of this sale, 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 and changes in general and local economic conditions. END -----END PRIVACY-ENHANCED MESSAGE-----