Easterly Government Properties Appoints Co-Founder Darrell Crate as CEO to Advance Mission-Critical Real Estate Strategy
07 Décembre 2023 - 1:30PM
Business Wire
William H. Binnie will assume Crate’s current
role as Chairman of the Board.
The Board of Directors also appointed Meghan
Baivier as President & COO, and Allison Marino as CFO &
CAO
Easterly Government Properties, Inc. (NYSE: DEA) (the “Company”
or “Easterly”), a fully integrated real estate investment trust
(“REIT”) focused primarily on the acquisition, development and
management of Class A commercial properties leased to the U.S.
Government, today announced that Darrell Crate, the Co-Founder and
current Chairman of the Board, has been appointed as Chief
Executive Officer (CEO), effective January 1, 2024.
In connection with Mr. Crate’s appointment, William C. Trimble,
III will retire from his position as President and CEO of Easterly
effective December 31, 2023.
“Bill has been a valuable partner for over a decade,” said
Crate. “From the early days of establishing a private equity fund
through taking our portfolio public and acquiring over eight
million square feet of real estate, Bill has been a trusted
collaborator,” he added.
“Darrell and I co-founded this great organization in 2015, and I
have every confidence he and the team will continue to drive
shareholder value,” said Trimble. “Further, I want to thank the
Board of Directors and Easterly’s exemplary employees for their
dedication. Serving as CEO has been an honor, and I look forward to
seeing the company continue to flourish.”
As Co-Founder of the Company and Executive Chairman of the
Board, Mr. Crate has played a crucial role in the development and
execution of its operational strategy since inception. His
transition to CEO ensures the Company’s succession plan remains
connected to Easterly’s foundational mission and values.
William H. Binnie, currently the Company’s Lead Independent
Director has been appointed Chairman of the Board of Directors,
effective January 1, 2024.
Furthering the Company’s emphasis on promoting internal growth,
Easterly also announced that its Board of Directors has appointed
Meghan Baivier, Easterly’s current Chief Financial Officer (CFO)
and Chief Operating Officer (COO), to serve as the Company’s
President and COO. Allison Marino, Easterly’s current Chief
Accounting Officer (CAO), will assume the roles of CFO and CAO. Ms.
Baivier will work closely with Ms. Marino on her transition into
the role of CFO.
From the outset, Easterly Government Properties has worked
closely with the General Services Administration (GSA) and the
Veterans Administration (VA) to meet the needs and objectives of
each tenant agency, and strives to be the partner of choice for the
agencies with the most enduring missions, including the Federal
Bureau of Investigation and the Drug Enforcement
Administration.
About Easterly Government Properties, Inc.
Easterly Government Properties, Inc. (NYSE: DEA) is a fully
integrated real estate investment trust (REIT) based in Washington,
D.C, focused 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 to meet the 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.
About Darrell Crate
Darrell Crate is currently the Chairman of the Board of
Directors of Easterly Government Properties, Inc., a NYSE-listed
company which he co-founded in 2015. He is also the Founder of
Easterly Asset Management. Prior to founding Easterly, he served as
the Chief Financial Officer of Affiliated Managers Group, Inc., a
publicly traded asset management holding company that grew through
acquisition. Darrell is also a Trustee Emeritus of Bates College,
where he served for 18 years. Darrell earned his B.A. from Bates
College and his M.B.A. from Columbia Business School.
Forward Looking Statements
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/20231207286014/en/
Easterly Government Properties, Inc. Lindsay S. Winterhalter
Investor Relations & Operations 202-596-3947
ir@easterlyreit.com
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