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Easterly Government Properties Acquires 74,549 SF U.S. Department of Homeland Security Law Enforcement Support Center, 100% Leased, and Located Near Burlington, Vermont

1. Easterly Government Properties acquired a 74,549 sq ft facility leased to DHS. 2. The acquisition reinforces DEA's focus on government-leased commercial properties.

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$20.0805/08 08:35 AM EDTEvent Start
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FAQ

Why Bullish?

This acquisition enhances DEA's portfolio and secures long-term government leases, likely boosting investor confidence. Historically, similar acquisitions have positively impacted similar REITs by expanding their revenue base.

How important is it?

Acquiring a property leased to the DHS signals growth potential and stability, crucial for investors. Such strategic acquisitions are vital for real estate investment trusts focusing on government clients, impacting their valuations.

Why Long Term?

The ongoing stability of government leases ensures a steady revenue stream, fostering long-term investor confidence. Similar acquisitions have historically benefited stock performance over extended periods due to predictable cash flows.

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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 74,549 square foot facility primarily leased to the U.S. Department of Homeland Security (DHS) located near Burlington, Vermont (“DHS - Burlington”).

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