Elme Communities — Director's Dealing 2011

May 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2011-05-19

Reporting Person: MCKENZIE GEORGE F (Director, President, CEO & Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-19	Common Stock	M	23876	$24.845	Acquired	149607.1711	Direct
2011-05-19	Common Stock	S	23876	$33.2838	Disposed	125731.1711	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-19	Non-Qualified Stock Option (right to buy)	$24.845	M	23876	Disposed	2011-12-17	Common Stock (23876)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $33.23 to $33.33. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.