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Easterly Government Properties Acquires 289,873 SF Facility Primarily Leased to AA+ Rated District of Columbia Government

1. DEA acquired a 289,873 sq ft facility, 98% leased to DC Government. 2. This acquisition strengthens DEA's portfolio of government-leased properties.

M&A
-5.07%Current Return
VS
-0.35%S&P 500
$20.9104/29 06:03 AM EDTEvent Start
$19.8504/30 12:39 PM EDTLatest Updated
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FAQ

Why Bullish?

Strong government backing (DC, S&P: AA+) enhances stability. Similar prior acquisitions have led to price increases.

How important is it?

Acquisition of stable, government-leased properties is crucial for DEA's growth.

Why Long Term?

Long-term leases with government entities provide consistent revenue streams, boosting DEAs value sustainably.

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PLDCBRE
WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners, announced today that it has acquired a 289,873 square foot facility 98% leased primarily to the District of Columbia Government (DC) (S&P: AA+) (“Local Gov - DC”). The LEED Silver and.

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