Washington Real Estate Investment Trust, which has its shares publicly traded on the New York Stock Exchange, has recently announced the final results of cash tender offer to purchase 5.95% Senior Notes due June 15, 2011. The Notes amount to $150,000,000.

The tender offer expired on October 1^st of 2010, at 5:00 pm New York City time. At that time, a total of $56.1 million aggregate principal amount of the Notes were validly tendered and not validly withdrawn. Payments for all Notes that are validly tendered and not validly withdrawn have been accepted by the Washington Real Estate Investment Trust pursuant to the tender offer.

Payment of the aggregate consideration of approximately $59.3 million – accrued and unpaid interest included – for the Notes purchased pursuant to the tender offer are expected to be made in the same-day funds come 4^th of October, 2010. Both Wells Fargo and Citi acted as Dealer Managers of the tender offer.

How will this affect the previously announced tender offer for Washington Real Estate Investment Trust’s outstanding 3 7/8% Convertible Senior Notes due September 15, 2026? The completion of the tender offer for the Notes will not affect the Convertible Notes. It will continue in accordance with the terms stated in the September 23, 2010 Offer to Purchase and the related Letter of Transmittal.

A self-managed, self-administered equity real estate investment trust, Washington Real Estate Investment Trust invests in the greater Washington metro area, mostly in income-producing properties. It has a diversified portfolio of 88 properties that include 18 medical office properties, 26 office properties, 14 retail centers, 19 industrial/flex properties, 11 multifamily properties, and some land for development. Its portfolio of 88 properties is equal to approximately 11 million square feet of commercial space and 2,540 residential spaces.