Easterly Government Properties Acquires 97,969 SF Department of Homeland Security Facility in Atlanta, Georgia
05 Octobre 2023 - 3:10PM
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,
announced today that it has acquired a 97,969 square foot facility
primarily occupied by two branches of the U.S. Department of
Homeland Security (DHS) and located in Atlanta, Georgia (“DHS -
Atlanta”).
DHS - Atlanta is a 93% leased facility that recently underwent
an extensive renovation in 2023 (the “2023 Renovation”) for the
beneficial use of the Transportation Security Administration (TSA)
and U.S. Customs and Border Protection (CBP). The two tenants
recently executed leases that provide for occupancy of up to 15
years through 2038.
Located in close proximity to the highly trafficked
Hartsfield-Jackson Atlanta International Airport, the facility
provides a strategic advantage for its underlying U.S. Government
tenants. Within the facility, the TSA will occupy 44,075 square
feet while the CBP occupies 29,737 square feet. An additional
17,373 square feet is occupied by a private tenant. Both U.S.
Government tenants required specialized buildouts, including space
for the TSA to install an airplane training fuselage approximately
50’ by 18’ in size, to support its missions during the 2023
Renovation.
“We are excited to return to our external growth strategy with
the acquisition of this highly important U.S. Government backed
asset,” said William C. Trimble, III, Easterly’s Chief Executive
Officer. “As we continue to see the acquisition market normalize,
we look forward to executing on our goal of delivering growth and
accretion to our shareholders in the coming quarters.”
Easterly’s acquisition value was predicated on the current
leased square footage of the property. DHS - Atlanta currently has
an additional 6,784 square feet available for future leasing.
Year to date, Easterly has acquired, either directly or through
the Company’s joint venture (JV), three properties for an aggregate
pro rata contractual purchase price of approximately $63.5 million,
comprised of (i) $45.3 million of wholly owned acquisitions; and
(ii) $18.2 million of JV acquisitions at its pro rata amount. With
this acquisition, Easterly owns, directly or through the JV, 89
properties totaling 8.8 million square feet.
About Easterly Government Properties, Inc.
Easterly Government Properties, Inc. (NYSE:DEA) is based in
Washington, D.C., and focuses primarily on the acquisition,
development and management of Class A commercial properties that
are leased to the U.S. Government. Easterly’s experienced
management team brings specialized insight into the strategy and
needs of mission-critical U.S. Government agencies for properties
leased to such agencies either directly or through the U.S. General
Services Administration (GSA). For further information on the
company and its properties, please visit www.easterlyreit.com.
This press release contains forward-looking statements within
the meaning of federal securities laws and regulations. These
forward-looking statements are identified by their use of terms and
phrases such as “believe,” “expect,” “intend,” “project,”
“anticipate,” “position,” and other similar terms and phrases,
including references to assumptions and forecasts of future
results. Forward-looking statements are not guarantees of future
performance and involve known and unknown risks, uncertainties and
other factors which may cause the actual results to differ
materially from those anticipated at the time the forward-looking
statements are made. These risks include, but are not limited to
those risks and uncertainties associated with our business
described from time to time in our filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-K filed
on February 28, 2023. Although we believe the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, we can give no assurance that the
expectations will be attained or that any deviation will not be
material. All information in this release is as of the date of this
release, and we undertake no obligation to update any
forward-looking statement to conform the statement to actual
results or changes in our expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20231005731346/en/
Easterly Government Properties, Inc. Lindsay S. Winterhalter
Supervisory Vice President, Investor Relations & Operations
202-596-3947 ir@easterlyreit.com
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