Highly refined “niche” player

The entire focus of the Company, over the years, has been and continues to be exclusively on neighborhood and community shopping centers.

Vertically integrated resources

First Washington employs its own highly talented professionals to discharge virtually every discipline required to select, underwrite, acquire, manage, lease, market, renovate, and reposition shopping center assets. The Company’s professionals include attorneys, accountants, and market analysts.

Investment capital

First Washington is interested in, and in a position to, provide joint venture investment capital as well as financing for attractive shopping center and related retail opportunities—both single assets and portfolios of any size.

History of accomplishment

The principals of First Washington purchased their first shopping center in the mid-1980’s. Since that time they have operated, first as a private company, then as a public company with a highly distinguished record in the capital markets, and now again as a private company. Throughout their history, the First Washington companies have maintained a reputation for industry leadership and excellence.

Relationships

After over two decades of dedication to work within the shopping center industry, First Washington has developed broad and deep nationwide relationships with owners, operators, brokers, tenants, lenders, individual and institutional investors, contractors, vendors, and professional service providers in every related discipline.

Market knowledge

Over its two decades of operation, First Washington has had the opportunity to explore and evaluate virtually every significant real estate market in the United States. In the process it has reviewed, analyzed, rated and catalogued thousands of shopping centers nationwide.

Deal Flow

As a result of its long history and experience in the industry, its abundance of relationships with owners and brokers throughout the nation, and its reputation as a highly professional, competent, and expeditious purchaser, First Washington regularly finds itself among a limited group of purchasers who is provided a “first opportunity” to consider most “on” and “off” market acquisition opportunities throughout the United States. Traditionally, the deal flow coming through First Washington is, simply stated, enormous.

Results

First Washington has always delivered for investors outstanding performance returns. Until its sale as a public company, First Washington carried one of the highest stock multiples among its publicly-traded peers, and, upon sale, generated one of the highest annualized shopping center company returns—from inception to date of sale—for its shareholders. Similarly, during its operation again as a private company over the last five years, First Washington has consisently outperformed its pension fund NCREIF benchmark index.