McDaniel has served as WRIT's lead independent Board membersince 2004. Until his retirement in January 2008, McDaniel was CEOof MedStar Health. According to WRIT CEO Skip McKenzie, McDaniel'smedical expertise was instrumental in WRIT's medical officeinvestments--"an effort that has led to WRIT owning 18strategically-located medical office assets comprising what webelieve is the best medical office portfolio in theWashington/Baltimore region," McKenzie says in a preparedstatement.
One of WRIT's recent medical deals was a $19.9-million medicaloffice building acquisition in Leesburg, VA last year. However itwas in 2006 and 2007 when WRIT really loaded up on medical assets,acquiring the four-building Shady Grove/Plumtree Medical Portfolio,for $67 million, in Rockville; a class A medical office building at2440 M St. in the District for $50 million; and the WoodholmeMedical Office Building and Woodholme Center for $49 million, alsoin Rockville. It also acquired a small parcel of land near itsAlexandria Professional Center, which it purchased in 2006 for$26.9 million.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
