Paul T. McDermott serves as Chairman of the Board of Trustee, President, Chief Executive Officer of the Company. He was elected to the Board of Trustees and named President and Chief Executive Officer of Washington REIT in October 2013. Following the 2018 Annual Meeting, Mr. McDermott became the Chairman of the Board of Trustees of Washington REIT. Prior to joining Washington REIT, he was Senior Vice President and Managing Director for Rockefeller Group Investment Management Corp., a wholly owned subsidiary of Mitsubishi Estate Co., Ltd. from June 2010 to September 2013. Prior to joining Rockefeller Group, he served from 2006 to 2010 as Principal and Chief Transaction Officer at PNC Realty Investors. Between 2002 and 2006, Mr. McDermott held two primary officer roles at Freddie Mac -- Chief Credit Officer of the Multifamily Division and Head of Multifamily Structured Finance and Affordable Housing. From 1997 to 2002, he served as Head of the Washington, D.C. Region for Lend Lease Real Estate Investments. Mr. McDermott brings the following experience, qualifications, attributes and skills to the Board: • General business management and strategic planning experience from his service as chief executive of Washington REIT and his previous service as Senior Vice President of Rockefeller Group; • Office, retail and residential real estate industry operating and investment experience from his experience as Senior Vice President of Rockefeller Group, Principal and Chief Transaction Officer at PNC Realty Investors and Chief Credit Officer of the Multifamily Division of Freddie Mac; • Office and residential development experience from his experience as Head of Washington, D.C. Region for Lend Lease Real Estate Investments; and • Extensive familiarity with D.C. area real estate by virtue of living and working in the Washington, D.C. region for more than 55 years.
As the Chairman of the Board of Trustee, President a Chief Executive Officer of Elme Communities, the total compensation of Paul McDermott at Elme Communities is $3,875,260. There are no executives at Elme Communities getting paid more.
Paul McDermott is 58, he's been the Chairman of the Board of Trustee, President a Chief Executive Officer of Elme Communities since 2018. There are 9 older and 4 younger executives at Elme Communities. The oldest executive at Elme Communities is William Byrnes, 69, who is the Independent Trustee.
Paul's mailing address filed with the SEC is 1775 EYE STREET N.W., SUITE 1000, WASHINGTON, DC, 20006.
Over the last 22 years, insiders at Elme Communities have traded over $17,378,767 worth of Elme Communities stock and bought 59,267 units worth $1,443,995 . The most active insiders traders include Benjamin S Butcher, Edmund B Jr Cronin a George F Mckenzie. On average, Elme Communities executives and independent directors trade stock every 26 days with the average trade being worth of $151,541. The most recent stock trade was executed by Benjamin S Butcher on 30 December 2016, trading 267 units of WRE stock currently worth $4,691.
WashREIT owns and operates uniquely positioned real estate assets in the D.C. Metro region. Its portfolio of 43 properties includes approximately 3.4 million square feet of commercial space and 6,863 multifamily apartment units across the region.
The company currently has an enterprise value of approximately $3.0 billion. With a track record of driving returns and delivering satisfaction, WashREIT is a trusted authority in one of the nation’s most competitive real estate markets.
Elme Communities executives and other stock owners filed with the SEC include: