Learn more about our team.
to Driving Value
When it comes to the D.C. real estate market, we know what matters and what makes it matter.
Read about our sustainability and community service.
Unlocking Transformative Value
With a track record of driving returns and delivering satisfaction, we are a trusted authority in one of the nation’s most competitive real estate markets.
WashREIT owns and operates real estate assets in the Washington D.C. market. Backed by decades of experience, expertise, and ambition, we create value by transforming insights into strategy and strategy into action. Our portfolio of 43 properties includes 6,863 multifamily apartment units and approximately 3.4 million square feet of commercial space. Our shares trade on the NYSE and our company currently has an enterprise value of more than $3 billion.
Rigorous Research, Long-Term Strategy, Decisive Action
A Competitive Edge
We bring the experience and expertise of a regional authority, the flexibility and creativity of a start-up, and the influence and reputation of a market leader to every interaction.
We deliver consistent, superior, lasting value to our shareholders, approaching every decision with a combination of rigor, collaboration, and commitment.
Our targeted in-house research creates the data that drives cohesive, long-term strategies and unified execution. We don’t settle for business as usual. We identify promising value-add opportunities and pursue uncommon solutions that grow our Net Asset Value (NAV) and our Funds From Operations (FFO).
Leadership is a Team Sport
Paul T. McDermott
President and CEO
Stephen E. Riffee
Executive VP and CFO
Senior VP, General Counsel
Our employees are great at what they do. The nimbleness, flexibility, and adaptability we bring to our work – combined with a flat organizational structure – help our team to do their best work.
An Open Culture
Our mission is to leverage insights, develop strategies, and transform action into value.
We work in a collaborative environment that values interdisciplinary teamwork, creative ideas and uncommon solutions. This culture fosters and encourages growth. Each member of our team trusts his or her colleagues to solve problems and implement outside-the-box solutions. This drives our success and makes leadership a team sport.
Sustainability and responsibility do more than drive returns. They create positive environmental, social, and ethical effects in our region. We live and work in this city, and when it succeeds, we succeed. Our team has fundraised, donated, and spent thousands of hours volunteering and partnering with dozens of local nonprofits and charities. Learn more.
WashREIT – 2020
2020 Best Corporate Responsibility Program
WashREIT – 2019
2019 District Sustainability Award
Washington, DC Department of Energy and Environment
Space+ – 2018
2018 Best in Industry: Flexible Office Space Provider
WashREIT – 2017
2017 Green Lease Leader
The Institute for Market Transformation (IMT) and the U.S. Department of Energy's (DOE) Better Buildings Alliance