Bethesda-Based First Washington Realty Acquires Donahue Schriber

Acquisition brings together two of the best private, open-air platforms in the U.S., specializing in the ownership and management of neighborhood-driven convenience and necessity retail.

Press release:

Bethesda, Md. – April 5, 2022 – First Washington Realty (“First Washington” or “FWR”), a fully integrated national real estate investment and management firm, today announced that an affiliate of FWR has acquired Donahue Schriber Realty Group (“Donahue Schriber” or “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 real estate investment trust (REIT) with a portfolio of high-quality shopping centers in the growing markets of the Western U.S., 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 over 150 high-quality neighborhood and community centers in attractive, growing markets across the United States. The acquisition, which closed on March 31st, expands First Washington’s portfolio to include over 20 million square feet of retail space, serving over 3,600 tenants across 22 U.S. states and the District of Columbia.

“We are thrilled to purchase these grocery-anchored centers and to hire terrific new colleagues, which, together with our existing portfolio and people, will create the leading private, open-air retail platform in the United States,” said Alex Nyhan, CEO of First Washington Realty. “Our combined portfolio will offer the highest quality real estate to retail tenants in the U.S. open air sector.”
“We are excited to work together with our new colleagues to chart this next chapter in our growth journey, which will deliver uncommon value for our investors, employees, tenants, and the communities we serve,” said Daniel Radek, President of First Washington Realty.

For over 50 years, the Donahue Schriber brand has stood for excellence in all facets of the shopping center business, focusing on necessity-based neighborhood, community, and power-center formats. With an excellent quality and well-located portfolio, Donahue Schriber’s focus, integrity, and unwavering commitment to provide an exceptional retail experience made it an ideal fit with FWR’s shared emphasis on enduring excellence.

“Our founders, Dan Donahue and Tom Schriber, built a remarkable platform, and Pat Donahue enhanced DSRG’s commitment to excellent assets and strong tenant service under his many years of leadership,” said Michael Glimcher, president, chairman, and CEO of Donahue Schriber. “It is because of them that we are able to achieve this exceptional level of success.”

First Washington’s offices will expand to include the current DSRG offices in Orange County, San Diego, Portland, and Sacramento. The combined company will be led by the current First Washington executive management team. Additional financial terms regarding the transaction were not disclosed.

DLA Piper LLP (U.S.) served as primary legal counsel to FWR and Goodwin Procter LLP served as legal counsel to DSRG. Eastdil Secured was the exclusive financial advisor to the seller, DSRG.

About First Washington Realty
First Washington Realty (FWR) is a fully integrated national real estate investment and management firm that specializes in the ownership and operation of essential retail real estate. Founded in 1983, FWR currently owns interests in over 150 shopping centers with a value of $8.9 billion located in 22 states and the District of Columbia. The company is headquartered in Bethesda, Md. with offices in Dallas, Kansas City, Orange County, Portland, Sacramento, and San Diego. For more information, visit

About Donahue Schriber
For over 50 years, the Donahue Schriber brand has stood for excellence in all facets of the shopping center business, focusing on necessity-based neighborhood, community, and power-center formats. Donahue Schriber’s high-quality and well-located portfolio in growing markets of the Western U.S., including San Diego, Orange County, the Bay Area, Sacramento, Portland, and Seattle, will continue to serve tenants, shoppers and communities as part of FWR.

Recent Stories

In September 2021, we let you know that Gregorio’s Trattoria would be opening its third MoCo location, and fourth overall, at Park Potomac- taking over the space that was previously…

Montgomery County Public Schools (MCPS) issued the following community message on Monday, April 15, regarding the proposed self-service bus tracking app.

The Montgomery County Council will meet on Tuesday, April 16 at 9am to continue their review of the FY25-30 Capital Improvements Program. There will then be a joint committee meeting…

Montgomery County Fire and Rescue Services (MCFRS) responded to the 400blk of Green Pasture Dr in Rockville for the report of a fire on Monday, April 15.

17th Annual Kensington Day of the Book Festival

Now in its 17th year, the Kensington Day of the Book Festival is a family-friendly street festival featuring 150+ renowned authors, poets, and literary organizations. Enjoy live music on five stages, special guest speakers, military veteran writers and comedians, poetry readings, cookbook demos, children's program, and much more.

Admission is free, and attendees will also be able to explore a marketplace of books and food offerings from local vendors.

Not your average book festival! This festival offers something for everyone!

17th Annual Kensington Day of the Book Festival

Sunday, April 21, 2024, 11am-4pm (held rain or shine!)

Howard Avenue, Kensington, MD 20895

Instagram: @kensingtonbookfestival

Contact: Elisenda Sola-Sole, Festival Director

[email protected]

301-949-9416 (text preferred)

FEST OF SPRING Caribbean Wine Food & Music Festival

Get ready to experience the vibrant colors, tantalizing flavors, and infectious rhythms of the Caribbean at the FEST OF SPRING Caribbean Wine Food & Music Festival! Hosted by RHU LLC, this exciting festival is set to take place on May 18, 2024, at the picturesque 16700 Barnesville Rd in Boyds, MD.

Step into a world where the Caribbean spirit comes alive! From 12:00 PM onwards, immerse yourself in a sensory journey that celebrates the unique culture, cuisine, and music of the Caribbean. Whether you're an African American, a Reggae or Soca music enthusiast, a wine lover, or part of the vibrant Caribbean diaspora, this festival promises to delight and captivate you in every way.

Let the enticing aromas of mouthwatering Caribbean dishes tantalize your taste buds. Feast on traditional delicacies prepared by expert chefs, showcasing the rich and diverse culinary heritage of the Caribbean. Indulge in flavorful jerk chicken, succulent seafood, and delectable plantain dishes that will transport you straight to the islands.

Accompanying the culinary extravaganza is a carefully curated selection of premium wines, ensuring the perfect pairing for your palate. Sip on fine wines from renowned vineyards, each sip a reflection of the Caribbean's vibrant spirit. Discover new flavors, expand your wine knowledge, and savor unforgettable moments with every glass.

As the sun sets, get ready to groove to the infectious rhythms of Caribbean music. Feel the pulsating beats of reggae, soca, dancehall, and calypso, moving your body to the lively melodies. Live performances by talented musicians and performers will keep the energy high, ensuring a night of unforgettable entertainment.

Don't miss this opportunity to embrace the Caribbean spirit and celebrate the arrival of spring in style! Tickets are available on AllEvents, so secure your spot today. Join us at the FEST OF SPRING Caribbean Wine Food & Music Festival, where cultures collide and unforgettable memories are made.



2 NIGHT Camping packages available: RV/CAMPER $200 | TENTS $150 Starting on Friday May 17 @ 5pm | 30 RV SPACES | 30+ TENT SPACES



Subscribe to our mailing list