Washington Real Estate Investment Trust Prices Public Offering of 2.6 Million Common...

Washington Real Estate Investment Trust Prices Public Offering of 2.6 Million Common Shares

ROCKVILLE, Md.--(Business Wire)--
Washington Real Estate Investment Trust (WRIT) (NYSE:WRE)
announced today that an underwritten public offering of 2,600,000
common shares of beneficial interest under its shelf registration
statement filed with the Securities and Exchange Commission was priced
at $34.80 per share and is expected to close on May 23, 2008. WRIT has
granted the underwriters a 30-day option to purchase an additional
390,000 common shares.

The net proceeds of the offering will be used for the repayment of
debt, which was incurred principally to fund property acquisitions.

Raymond James & Associates, Inc. and J.P. Morgan Securities Inc.
are joint book-running managers. Robert W. Baird & Co. Incorporated,
Credit Suisse Securities (USA) LLC, Wachovia Capital Markets, LLC and
RBC Capital Markets Corporation are the other underwriters for the
offering.

When available, copies of the prospectus and prospectus supplement
may be obtained from Raymond James & Associates, Inc., 880 Carillon
Parkway, St. Petersburg, FL 33716, or by calling toll-free at (800)
248-8863 or from J.P. Morgan Securities Inc., National Statement
Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level,
Brooklyn, NY 11245, or by calling (718) 242-8002.

This press release shall not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any state. The offering may be made only by means
of a prospectus and related prospectus supplement.

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
91 properties consisting of 14 retail centers, 26 office properties,
16 medical office properties, 24 industrial/flex properties, 11
multifamily 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.

Washington Real Estate Investment Trust (WRIT)
Sara Grootwassink
Executive Vice President and Chief Financial Officer
Tel: 301-984-9400
Fax: 301-984-9610
E-Mail: sgrootwassink@writ.com
www.writ.com

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