SCHEDULE III



		Initial Cost (b)				Net Improvements (Retirement) since Acquisition			Gross Amounts at Which Carried at December 31, 2015						Accumulated Depreciation at December 31, 2015
Properties	Location	Land		Buildings and Improvements		Net Improvements (Retirement) since Acquisition			Land		Buildings and Improvements		Total (c)		Accumulated Depreciation at December 31, 2015		Year of Construction	Date of Acquisition	Net Rentable Square Feet (e)	Units	Depreciation Life (d)
Multifamily Properties
3801 Connecticut Avenue (a)	Washington, DC	$	420,000	$	2,678,000	$	12,961,000		$	420,000	$	15,639,000	$	16,059,000	$	9,901,000	1951	Jan 1963	178,000	307	30 years
Roosevelt Towers	Virginia	336,000		1,996,000		11,738,000			336,000		13,734,000		14,070,000		8,886,000		1964	May 1965	170,000	191	40 years
Park Adams	Virginia	287,000		1,654,000		11,270,000			287,000		12,924,000		13,211,000		8,901,000		1959	Jan 1969	173,000	200	35 years
The Ashby at McLean	Virginia	4,356,000		17,102,000		17,835,000			4,356,000		34,937,000		39,293,000		22,176,000		1982	Aug 1996	274,000	256	30 years
Walker House Apartments (a)	Maryland	2,851,000		7,946,000		7,042,000			2,851,000		14,988,000		17,839,000		10,197,000		1971	Mar 1996	157,000	212	30 years
Bethesda Hill Apartments (a)	Maryland	3,900,000		13,412,000		12,733,000			3,900,000		26,145,000		30,045,000		16,650,000		1986	Nov 1997	225,000	195	30 years
Bennett Park	Virginia	2,861,000		917,000		80,036,000			4,774,000		79,040,000		83,814,000		29,053,000		2007	Feb 2001	214,000	224	28 years
The Clayborne	Virginia	269,000		—		30,754,000			699,000		30,324,000		31,023,000		12,616,000		2008	Jun 2003	60,000	74	26 years
The Kenmore (a)	Washington, DC	28,222,000		33,955,000		10,679,000			28,222,000		44,634,000		72,856,000		10,436,000		1948	Sep 2008	268,000	374	30 years
The Maxwell (a)	Virginia	12,787,000		—		37,854,000			12,851,000		37,790,000		50,641,000		2,347,000		2014	Jun 2011	139,000	163	30 years
The Paramount	Virginia	8,568,000		38,716,000		1,408,000			8,568,000		40,124,000		48,692,000		3,894,000		1984	Oct 2013	141,000	135	30 years
Yale West (a)	Washington, DC	14,684,000		62,069,000		245,000			14,684,000		62,314,000		76,998,000		4,196,000		2011	Feb 2014	173,000	216	30 years
The Wellington	Virginia	30,548,000		116,563,000		420,000			30,548,000		116,983,000		147,531,000		1,947,000		1960	Jul 2015	842,000	711	30 years
The Wellington Land Parcel (g)	Virginia	15,000,000		—		659,000			—		15,659,000		15,659,000		—		n/a	Jul 2015	—	n/a	n/a
		$	125,089,000	$	297,008,000	$	235,634,000		$	112,496,000	$	545,235,000	$	657,731,000	$	141,200,000			3,014,000	3,258
Office Buildings
1901 Pennsylvania Avenue	Washington, DC	$	892,000	$	3,481,000	$	17,253,000		$	892,000	$	20,734,000	$	21,626,000	$	15,589,000	1960	May 1977	101,000		28 years
51 Monroe Street	Maryland	840,000		10,869,000		28,634,000			840,000		39,503,000		40,343,000		29,387,000		1975	Aug 1979	224,000		41 years
515 King Street	Virginia	4,102,000		3,931,000		6,022,000			4,102,000		9,953,000		14,055,000		5,416,000		1966	Jul 1992	75,000		50 years
6110 Executive Boulevard	Maryland	4,621,000		11,926,000		16,383,000			4,621,000		28,309,000		32,930,000		19,283,000		1971	Jan 1995	203,000		30 years
1220 19th Street	Washington, DC	7,803,000		11,366,000		15,868,000			7,802,000		27,235,000		35,037,000		13,982,000		1976	Nov 1995	104,000		30 years
1600 Wilson Boulevard	Virginia	6,661,000		16,742,000		26,685,000			6,661,000		43,427,000		50,088,000		20,180,000		1973	Oct 1997	168,000		30 years
Silverline Center (f)	Virginia	12,049,000		71,825,000		84,849,000			12,049,000		156,674,000		168,723,000		69,796,000		1972	Nov 1997	531,000		30 years
600 Jefferson Plaza	Maryland	2,296,000		12,188,000		7,040,000			2,296,000		19,228,000		21,524,000		10,822,000		1985	May 1999	113,000		30 years
Wayne Plaza	Maryland	1,564,000		6,243,000		9,295,000			1,564,000		15,538,000		17,102,000		8,738,000		1970	May 2000	99,000		30 years
Courthouse Square	Virginia	—		17,096,000		8,390,000			—		25,486,000		25,486,000		13,084,000		1979	Oct 2000	116,000		30 years
One Central Plaza	Maryland	5,480,000		39,107,000		17,905,000			5,480,000		57,012,000		62,492,000		30,982,000		1974	Apr 2001	267,000		30 years
1776 G Street	Washington, DC	31,500,000		54,327,000		5,774,000			31,500,000		60,101,000		91,601,000		27,965,000		1979	Aug 2003	265,000		30 years
Dulles Station, Phase II (f)	Virginia	15,001,000		494,000		(3,400,000		)	484,000		11,611,000		12,095,000		515,000		n/a	Dec 2005	—		n/a
West Gude	Maryland	11,580,000		43,240,000		12,277,000			11,580,000		55,517,000		67,097,000		20,184,000		1984	Aug 2006	277,000		30 years
Monument II	Virginia	10,244,000		65,205,000		8,089,000			10,244,000		73,294,000		83,538,000		22,406,000		2000	Mar 2007	208,000		30 years
2000 M Street	Washington, DC	—		61,101,000		21,541,000			—		82,642,000		82,642,000		24,244,000		1971	Dec 2007	231,000		30 years
2445 M Street (a)	Washington, DC	46,887,000		106,743,000		6,163,000			46,887,000		112,906,000		159,793,000		31,690,000		1986	Dec 2008	290,000		30 years
925 Corporate Drive	Virginia	4,518,000		24,801,000		940,000			4,518,000		25,741,000		30,259,000		7,475,000		2007	Jun 2010	134,000		30 years
1000 Corporate Drive	Virginia	4,897,000		25,376,000		(357,000		)	4,898,000		25,018,000		29,916,000		6,824,000		2009	Jun 2010	136,000		30 years
1140 Connecticut Avenue	Washington, DC	25,226,000		50,495,000		12,102,000			25,226,000		62,597,000		87,823,000		13,120,000		1966	Jan 2011	183,000		30 years
1227 25th Street	Washington, DC	17,505,000		21,319,000		2,875,000			17,505,000		24,194,000		41,699,000		5,696,000		1988	Mar 2011	135,000		30 years



		Initial Cost (b)				Net Improvements (Retirement) since Acquisition		Gross Amounts at Which Carried at December 31, 2015						Accumulated Depreciation at December 31, 2015
Properties	Location	Land		Buildings and Improvements		Net Improvements (Retirement) since Acquisition		Land		Buildings and Improvements		Total (c)		Accumulated Depreciation at December 31, 2015		Year of Construction	Date of Acquisition	Net Rentable Square Feet (e)	Units	Depreciation Life (d)
Braddock Metro Center	Virginia	18,817,000		71,250,000		10,943,000		18,818,000		82,192,000		101,010,000		16,263,000		1985	Sep 2011	350,000		30 years
John Marshall II (a)	Virginia	13,490,000		53,024,000		2,145,000		13,490,000		55,169,000		68,659,000		9,531,000		1996	Sep 2011	223,000		30 years
Fairgate at Ballston	Virginia	17,750,000		29,885,000		3,722,000		17,750,000		33,607,000		51,357,000		5,835,000		1988	Jun 2012	143,000		30 years
Army Navy Club Bldg (a)	Washington, DC	30,796,000		39,315,000		1,903,000		30,796,000		41,218,000		72,014,000		3,831,000		1912	Mar 2014	108,000		30 years
1775 Eye Street, NW	Washington, DC	48,086,000		51,074,000		4,976,000		48,086,000		56,050,000		104,136,000		4,424,000		1964	May 2014	185,000		30 years
		$	342,605,000	$	902,423,000	$	328,017,000	$	328,089,000	$	1,244,956,000	$	1,573,045,000	$	437,262,000			4,869,000



Retail Centers
Takoma Park	Maryland	$	415,000	$	1,084,000	$	281,000	$	415,000	$	1,365,000	$	1,780,000	$	1,191,000	1962	Jul 1963	51,000	50 years
Westminster	Maryland	519,000		1,775,000		9,802,000		519,000		11,577,000		12,096,000		7,268,000		1969	Sep 1972	150,000	37 years
Concord Centre	Virginia	413,000		850,000		5,456,000		413,000		6,306,000		6,719,000		3,191,000		1960	Dec 1973	76,000	33 years
Wheaton Park	Maryland	796,000		857,000		4,665,000		796,000		5,522,000		6,318,000		3,748,000		1967	Sep 1977	74,000	50 years
Bradlee Shopping Center	Virginia	4,152,000		5,383,000		10,941,000		4,152,000		16,324,000		20,476,000		10,793,000		1955	Dec 1984	171,000	40 years
Chevy Chase Metro Plaza	Washington, DC	1,549,000		4,304,000		5,539,000		1,549,000		9,843,000		11,392,000		6,621,000		1975	Sep 1985	50,000	50 years
Shoppes of Foxchase	Virginia	5,838,000		2,979,000		14,687,000		5,838,000		17,666,000		23,504,000		6,631,000		1960	Jun 1994	134,000	50 years
Frederick County Square	Maryland	6,561,000		6,830,000		4,782,000		6,561,000		11,612,000		18,173,000		7,349,000		1973	Aug 1995	227,000	30 years
800 S. Washington Street	Virginia	2,904,000		5,489,000		5,944,000		2,904,000		11,433,000		14,337,000		4,761,000		1951	Jun 1998	46,000	30 years
Centre at Hagerstown	Maryland	13,029,000		25,415,000		2,435,000		13,029,000		27,850,000		40,879,000		12,855,000		2000	Jun 2002	332,000	30 years
Frederick Crossing	Maryland	12,759,000		35,477,000		2,242,000		12,759,000		37,719,000		50,478,000		14,430,000		1999	Mar 2005	295,000	30 years
Randolph Shopping Center	Maryland	4,928,000		13,025,000		940,000		4,928,000		13,965,000		18,893,000		4,785,000		1972	May 2006	84,000	30 years
Montrose Shopping Center	Maryland	11,612,000		22,410,000		1,860,000		11,020,000		24,862,000		35,882,000		8,490,000		1970	May 2006	145,000	30 years
Gateway Overlook	Maryland	28,816,000		52,249,000		370,000		29,110,000		52,325,000		81,435,000		13,734,000		2007	Dec 2010	220,000	30 years
Olney Village Center (a)	Maryland	15,842,000		39,133,000		1,836,000		15,842,000		40,969,000		56,811,000		6,731,000		1979	Aug 2011	199,000	30 years
Spring Valley Retail Center	Washington, DC	10,836,000		32,238,000		868,000		10,836,000		33,106,000		43,942,000		1,568,000		1941	Oct 2014	75,000	30 years
		$	120,969,000	$	249,498,000	$	72,648,000	$	120,671,000	$	322,444,000	$	443,115,000	$	114,146,000			2,329,000



Total	$	588,663,000	1,448,929,000	$	636,299,000	$	561,256,000	$	2,112,635,000	$	2,673,891,000	$	692,608,000	10,212,000	3,258

(a) At December 31, 2015, our properties were encumbered by non-recourse mortgage amounts as follows: $35.4 million on 3801 Connecticut Avenue, $16.5 million on Walker House, $29.1 million on Bethesda Hill, $33.6 million million on The Kenmore, $100.6 million on 2445 M Street, $50.1 million on John Marshall II, and $17.3 million on Olney Village Center, $51.9 million on Yale West, and $51.0 million on The Amy Navy Club Building. The Maxwell was encumbered by a construction loan with a 32.2 million million balance at December 31, 2015.

b) The purchase cost of real estate investments has been divided between land and buildings and improvements on the basis of management’s determination of the fair values.

c) At December 31, 2015, total land, buildings and improvements are carried at $2,071.6 million for federal income tax purposes.

d) The useful life shown is for the main structure. Buildings and improvements are depreciated over various useful lives ranging from 3 to 50 years.

e) Residential properties are presented in gross square feet.

f) As of December 31, 2015, Washington REIT had under development an office project with 360,000 square feet of office space and a parking garage to be developed in Herndon, VA (Dulles Station, Phase II). The value not yet placed in service of Dulles Station, Phase II at December 31, 2015 was $8.5 million. $3.6 million of Dulles Station, Phase II was placed into service upon the completion of a portion of the parking garage structure. Additionally, Washington REIT had investments in various development or redevelopment projects, including Silverline Center. The value of this redevelopment not yet placed in service is $10.2 million at December 31, 2015.

g) As of December 31, 2015, Washington REIT had under development a multifamily property in Arlington, Virginia. The value not yet placed into service at December 31, 2015 was $15.7 million.