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) December 4, 2007

 

WASHINGTON REAL ESTATE INVESTMENT TRUST

(Exact name of registrant as specified in its charter)

 

 

Maryland   1-6622   53-0261100

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(IRS Employer

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

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Item 2.01 Completion of Acquisition or Disposition of Assets

On December 4, 2007, Washington Real Estate Investment Trust (“WRIT”) acquired 2000 M Street for $73.5 million. The office building consists of approximately 227,000 square feet with a three level below-grade parking garage in the District of Columbia. The purchase was funded though the tax deferred exchange escrow of $40.1 million and borrowings of $33.4 million on WRIT’s line of credit facilities. During the period from March 10, 2007 to December 4, 2007, WRIT purchased five real estate properties, including 2000 M Street, Woodholme Medical Office Building, Woodholme Center, Ashburn Farm Office Park and CentreMed I & II, which individually are insignificant as defined in Regulation S-X, but in the aggregate, constitutes a “significant amount of assets” as defined in Regulation S-X. When acquisitions are individually insignificant but significant in the aggregate, Regulation S-X requires the presentation of audited financial statements for assets comprising a substantial majority of the individually insignificant properties. The purchase of 2000 M Street on December 4, 2007, Woodholme Medical Office Building and Woodholme Center on June 1, 2007 for $49.0 million, Ashburn Farm Office Park on June 1, 2007 for $23.0 million and CentreMed I & II on August 16, 2007 for $15.3 million, constitute a “substantial majority” of the assets acquired by WRIT from March 10, 2007 through the period ended December 4, 2007 as defined in the Regulation.

and

 

Item 9.01 Financial Statements and Exhibits

(a) Financial Statements of Business Acquired

The required financial statements for the properties will be filed by amendment hereto no later than seventy-one days after the date this report is required to be filed.

(b) Pro Forma Financial Information

The required pro forma financial information for the properties will be filed by amendment hereto no later than seventy-one days after the date this report is to be filed.

(c) Exhibits – Not applicable

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 hereunto duly authorized.

 

WASHINGTON REAL ESTATE INVESTMENT TRUST
                                         (Registrant)

By:

  

/s/ Laura M. Franklin

                      (Signature)
  Laura M. Franklin
  Executive Vice President Accounting,
  Administration and Corporate Secretary

December 10, 2007

          (Date)