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WASHINGTON, DC-REITs such as Washington Real Estate Investment Trust and First Potomac Realty appear to be entering a stepped up cycle of acquisitions and dispositions. Recent activity points to that – as do the companies’ newly-released earnings reports. 

WRIT, for instance, in the past quarter purchased two buildings at Quantico, VA; for $68 million and sold a building in Rockville, MD; for $23.4 million .  ”Investment opportunities in the Washington, DC market are steadily increasing, and we are pleased to be returning to the fundamental real estate business of buying and selling buildings,” said George “Skip” McKenzie, president and CEO of WRIT, as he released the company’s earnings.

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