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Easterly Government Properties Acquires Lease to Develop the Fort Myers Regional Operations Center, a 64,000 RSF Crime Laboratory in Fort Myers, Florida

1. Easterly Government Properties acquired a 25-year lease for a crime lab. 2. The property enhances DEA’s portfolio focused on U.S. Government leasing.

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$2208/01 08:08 AM EDTEvent Start
$21.8208/03 11:51 PM EDTLatest Updated
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FAQ

Why Bullish?

This acquisition signifies stable income from a long-term government lease, akin to previous successful government property acquisitions by DEA that positively influenced its stock value.

How important is it?

The long-term lease agreement solidifies DEA's strategic focus on government assets, enhancing its financial stability and appearing attractive to investors.

Why Long Term?

Long-term leases provide consistent revenue, fostering investor confidence over time, as demonstrated in past lease acquisitions boosting DEA's stability.

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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 25-year lease with two five-year extension options for a 64,000 rentable square foot crime laboratory in Fort Myers, Florida (“FL – Fort Myers”). Th.

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