First Washington Realty


Convenience, Necessity and Experiences

FWR invests principally in convenience and necessity retail in great neighborhoods in the United States. Our centers offer convenience, necessity and experiences.

Great Neighborhoods

We invest in trade areas with attractive demographics and barriers to entry.


We can invest in flexible ways:

  • Fast decisions
  • A single property or a portfolio
  • JV equity
  • Creative deal structures

We can invest in diverse opportunities:

  • Stabilized centers
  • Value-add properties
  • Stand-alone or in mixed-use environments

All-Cash Buyer

We are an all-cash buyer with no financing contingencies. We are willing to assume debt.

Firm Profile

FWR currently owns 105 shopping centers with a value of over $5.65 billion located in 22 states and the District of Columbia. Our centers contain approximately 13.9 million square feet with approximately 2,546 tenants. The company is headquartered in Bethesda, Maryland with offices in Dallas, Kansas City, and San Diego.

For additional information regarding FWR’s acquisition criteria, please see below.


Investment Strategy

We make retail investments in stabilized properties that offer convenience, necessity and experiences. We buy market-dominant properties in high barrier markets with strong demographics.
We also are willing to invest in repositioning or redevelopment opportunities. In these cases, the centers do not need to be stabilized. We also invest in retail that is located in a mixed-use environment.

Investment Type

FWR is experienced in single property, portfolio and JV equity transactions and has an in-house due diligence team. We invest in mixed-use neighborhood and community shopping centers, preferably grocery and/or drug anchored.

Investment Parameters

We typically invest a minimum of $10 million in properties. We have the ability to assume existing loans and offer creative structures. We prefer grocery and/or drug-anchored properties located in major metropolitan locations with strong incomes and population growth.

National Investment Contacts

Joshua Brown

p: 214.238.4019

c: 214.725.0460

Alex Nyhan

p: 301.961.3223

c: 202.577.6899

Regional Investment Contacts

Amrit Chase

Texas and Florida

p: 301.961.3226

c: 571.217.8951

Sarah Ellis

Washington, Oregon, California, Utah

p: 415.699.9004

Bobby Rassuli

East Coast, Midwest & Tennessee

p: 301.951.4909

c: 240.429.7103