WASHINGTON–(BUSINESS WIRE)–Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated
real estate investment trust focused primarily on the acquisition,
development and management of Class A commercial properties leased to
U.S. Government agencies, announced today that it has acquired a
137,679-square foot Federal Bureau of Investigation (FBI) Field Office
in New Orleans, Louisiana (“FBI – New Orleans”).
FBI – New Orleans is a four-story single tenant facility located on a
6.6-acre site chosen by the government that houses the FBI’s New Orleans
Division, which oversees federal operations in all of Louisiana,
including six satellite offices in Baton Rouge, Alexandria, Lafayette,
Lake Charles, Monroe and Shreveport. This build-to-suit construction was
originally completed in 1999 and renovated in 2006 and is 100% occupied
by the FBI until August 2029 under a non-cancelable remaining lease term
of 10 years. Additionally, the GSA has an option to renew the lease for
an additional 10-year term, expiring in 2039.
Serving under the jurisdiction of the Department of Justice, the FBI
provides primary domestic intelligence, investigative and law
enforcement services on behalf of the United States. The FBI protects
and defends the nation against such threats as terrorism, political
corruption, white-collar crime, organized crime, cyber-attack and
violent crime. As a member of the U.S. Intelligence Community and the
leading arm for U.S. counterterrorism, counterintelligence, and criminal
investigations, the FBI employs approximately 35,000 people and has an
annual budget totaling approximately $9.2 billion, based on fiscal year
2019 data.
The FBI – New Orleans field office meets the Interagency Security
Committee, or “ISC” Level IV requirements and includes a number of
security features, including a security crash traffic barrier, 24/7
security, a visitor screening center, and bullet resistant interior
walls, doors, and roof.
“Owning a mission critical building with cash flows backed by the full
faith and credit of the U.S. Government is the exact way we look to grow
the portfolio,” said William C. Trimble, III, Easterly’s CEO. “Accretive
acquisitions like FBI – New Orleans define the growth strategy for
Easterly.”
Easterly Government Properties now owns nine of the 56 FBI field offices
and is the single largest private owner of FBI field offices in the
country.
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 primarily 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, 2019. 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.
Contacts
Easterly Government Properties, Inc.
Lindsay S. Winterhalter
Vice
President, Investor Relations & Operations
202-596-3947
[email protected]
