First Washington Realty (FWR), announced that an affiliate of FWR has acquired Donahue Schriber Realty Group (DSRG) from institutional investors advised by J.P. Morgan Global Alternatives.
First Washington specializes in the ownership and operation of convenience and necessity retail. DSRG is a private REIT with a portfolio of high-quality shopping centers in the growing markets of the Western United States, including the Bay Area, Orange County, Portland, Sacramento, San Diego and Seattle.
The combined company will operate as First Washington Realty and will be the leading private, open-air real estate investor and operator in the country, with more than 150 high-quality neighborhood and community centers in attractive, growing markets across the United States. The acquisition, which closed on March 31, expands First Washington’s portfolio to include more than 20 million square feet of retail space, serving 3,600+ tenants across 22 U.S. states and the District of Co
