Elme Communities — Director's Dealing 2005

May 4, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2005-05-02

Reporting Person: REGNELL THOMAS L (Mnging. Dir. - Acquisitions)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-02	Common Stock	M	6	$14.4688	Acquired	33864.1060	Direct
2005-05-02	Common Stock	M	1953	$25.6100	Acquired	35817.1060	Direct
2005-05-02	Common Stock	M	4706	$25.6100	Acquired	40523.1060	Direct
2005-05-03	Common Stock	S	1000	$29.9000	Disposed	39523.1060	Direct
2005-05-03	Common Stock	S	300	$29.9700	Disposed	39223.1060	Direct
2005-05-03	Common Stock	S	400	$29.9800	Disposed	38823.1060	Direct
2005-05-03	Common Stock	S	100	$29.9900	Disposed	38723.1060	Direct
2005-05-03	Common Stock	S	1300	$30.0000	Disposed	37423.1060	Direct
2005-05-03	Common Stock	S	1400	$30.0100	Disposed	36023.1060	Direct
2005-05-03	Common Stock	S	800	$30.0200	Disposed	35223.1060	Direct
2005-05-03	Common Stock	S	700	$30.0300	Disposed	34523.1060	Direct
2005-05-03	Common Stock	S	500	$30.0600	Disposed	34023.1060	Direct
2005-05-03	Common Stock	S	158	$30.0700	Disposed	33865.1060	Direct
2005-05-04	Common Stock	S	7	$30.4200	Disposed	33858.1060	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-02	ISO - 2002 Officer & Management	$25.61	M	1953	Disposed	2012-12-16	Common Stock (1953.00)	Direct
2005-05-02	NQO - 1999 Officer	$14.47	M	6	Disposed	2009-12-17	Common Stock (6.00)	Direct
2005-05-02	NQO - 2002 Officer	$25.61	M	4706	Disposed	2012-12-16	Common Stock (4706.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1150.0000	Indirect

Footnotes

F1: 50 % exercisable on this date. 100 % exercisable one year from this date.

F2: 50% exercisable on this date. 100% exercisable one year from this date.