Why Choose The Washington REIT?
The Washington REIT is a diversified trust that invests in Real Estate in the Washington D.C area. Let’s face it, we aren’t getting any less government employees, so residential property in the area should be a solid investment for the long term. In respect to office properties, the government occupies more office space in the Washington area than the vast majority of private companies. In fact, as of December 31, 2006, the Company’s portfolio was 94% leased. Federal government tenants in aggregate, accounted for approximately 2.3% of the Trust’s total revenue during 2006. Some of Washington REIT’s Federal government tenants include the United States Department of Defense, the United States Patent and Trademark Office, the Federal Bureau of Investigation, the Office of Personnel Management, the Secret Service, the Federal Aviation Administration, and the National Institutes of Health. That said, there probably isn’t too much to worry about in terms of tenants not paying the bills on ti
