BUSINESS WIRE<\/a>)–
\nEasterly Government Properties, Inc. (NYSE: DEA) (the \u201cCompany\u201d or \u201cEasterly\u201d), 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+) (\u201cLocal Gov – DC\u201d).\n<\/p>\n\nThe LEED Silver and Energy Star rated facility, developed in 2006, has housed the DC Government since 2009 as they have since expanded and renewed numerous times within the building. The DC Government\u2019s most recent extension secured its tenancy through 2038 with an option to renew for an additional five years at fair market rent. The facility is located within a heavily invested, transit-oriented neighborhood within Northeast Washington, DC.\n<\/p>\n
\nKey District services housed within this facility include the headquarters for DC\u2019s Public Schools and the Department of Energy & Environment. Both agencies have expanded their presence and headcount at the property since their original tenancy in 2009.\n<\/p>\n
\n\u201cThis previously funded and highly accretive acquisition underscores our stated investment strategy to expand Easterly\u2019s portfolio with high creditworthy state and local government agencies,\u201d said Darrell Crate, President & CEO of Easterly Government Properties. \u201cWe are pleased to deliver strong run rate accretion to shareholders via government tenancy as the national emphasis on redistributing education resources from the federal to state level continues to grow.\u201d\n<\/p>\n
\nKey tenants within the facility include:\n<\/p>\n
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