- November 1983 —Formation of First Washington’s predecessor companies to engage in the development, ownership and management of a variety of commercial real estate projects.
- April 1985—Purchase of first shopping center: Woodley Gardens Shopping Center in Rockville, Maryland.
- June 1994—Formation of First Washington Realty Trust, Inc., as a real estate investment trust with 20 shopping centers and a total capitalization of approximately $200,000,000.
- December 1994—First Washington Realty Trust, Inc. commences public trading and shortly thereafter lists on NASDAQ.
- August 1996—First Washington Realty Trust, Inc. invited to list and commences trading on the New York Stock Exchange.
- January 1998—First Washington Realty Trust, Inc.’s portfolio grows to 50 shopping centers.
- December 1999—First Washington Realty Trust, Inc.’s portfolio grows to over 60 shopping centers.
- February 2001—CalPERS, the nation’s largest public pension fund, completes the purchase of First Washington Realty Trust’s shopping center assets for over $800,000,000.
- February 2001—First Washington Realty, Inc., a newly-formed private company, owned by its principals, commences operations and takes on the management of third party portfolios, including CalPERS’ Eastern United States shopping center portfolio.
- October 2001—First Washington Realty, Inc. commences role as Eastern United States shopping center advisor for CalPERS.
- May 2003—First Washington Realty, Inc. extends shopping center advisory role nationwide and opens West Coast offices.
- October 2003—First Washington Realty, Inc. forms affiliated investment partnership funded by First Washington principals to joint venture with CalPERS in the ownership of a broadly diversified nationwide shopping center portfolio.
- June 1, 2005—First Washington Realty, Inc. and CalPERS close on the sale of its nationwide portfolio of over 100 shopping centers to a joint venture comprised of Regency Centers (NYSE:REG) and Macquarie Countrywide Trust of Australia for a sale price of approximately 2.7 billion dollars.
- June 2005—First Washington Realty, Inc. enters into its second joint venture with CalPERS, as Global Retail Investors, LLC, to again participate in the acquisition, development, joint venturing and financing of neighborhood and community shopping centers and related retail properties, both in the United States and abroad.
- Present—First Washington Realty, Inc. and its affiliates, in partnership with CalPERS, continue to specialize in the acquisition, development, ownership, financing and operation of shopping centers and related retail properties.
Copyright
, First Washington Realty, Inc.
