Is Washington Real Estate Investment Trust a Millionaire-Maker REIT?

Washington Real Estate Investment Trust (NYSE: WRE), or WashREIT, is a fairly unique real estate investment trust (REIT). Instead of focusing on one property type like most other REITs, WashREIT concentrates on owning a diversified portfolio of properties in one area: the Washington, D.C., region. Half of its net operating income (NOI) currently comes from multifamily properties, 44% from office, and 6% from retail.