No. of Recommendations: 1
Petey asked Dawg:
What are your concerns with regard to owning a REIT [WRE] focused in one city [Washington DC]?

I'm no Dawg, but I'll throw in my two €s worth.

One of the reasons we're heavily invested in WRE is the fact that they ARE concentrated in just one area: Washington, DC. I feel as long as we have a federal government in Washington WRE will never want for customers.

On the other hand, if the terrorists manage to nuke DC WRE won't be worth a plug ¥ in a Las Vegas slot machine. I guess your estimate of the odds against that happening will color your investment strategy.

As to EOP's supposed spread out strength, I'm not adding to our EOP holdings right now because EOP isn't doing all that well right now. This is due, in large part, to EOP's extensive holdings in California which (as you may have heard) is in more financial trouble than (I believe) even the Terminator can get them out of. Having paid too much for a large chunk of properties in the bay area doesn't help either.

Bottom Line:
I'm holding on EOP but throwing every spare ¢ into our WRE DRIP!

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.