First Washington Realty (FWR)

About First Washington Realty (FWR)

First Washington Realty (FWR) is a real estate operator headquartered in Suite 600 Bethesda, MD.

First Washington Realty (FWR), founded in 1983, is a national real estate investment and management firm headquartered in Bethesda, Maryland. Its portfolio includes an interest in approximately 140–150 shopping centers valued at over US$8.9–9.1 billion. Across its properties, FWR holds nearly 21.9–22.4 million square feet of retail real estate with roughly 3,600–4,000 tenants, spread across 22 U.S. states plus Washington D.C. FWR focuses its investments on retail real estate, especially in the convenience, necessity, and experience-oriented segments. It acquires shopping centers in trade areas with attractive demographics and high barriers to entry, often making all-cash offers and sometimes assuming debt. The company operates multiple offices—including in Dallas, Kansas City, Orange County, Portland, Sacramento, and San Diego—to manage its holdings nationally.

Principals at First Washington Realty (FWR)

Markets and themes