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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. DEA acquired a 25-year lease for a crime lab in Florida. 2. The property is 64,000 square feet, expanding DEA's government portfolio.

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Why Bullish?

This acquisition strengthens DEA's portfolio with a long-term government lease, indicating stable revenue. Historically, similar acquisitions have positively impacted REIT valuations.

How important is it?

The acquisition signifies a growth strategy and diversification into government contracts, indicating a robust investment outlook for DEA.

Why Long Term?

The 25-year lease extends potential cash flow stability, positively influencing future investor sentiment. Long-term leases typically enhance real estate value over time.

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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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