Easterly Government Properties (NYSE: DEA) is a real estate investment trust (REIT) that specializes in owning and managing mission-critical, single-tenant properties leased to the U.S. government and its agencies. The company’s portfolio is designed to meet the specialized needs of federal tenants, offering long-term, triple-net leases that provide stable rental income streams. By focusing exclusively on government-backed leases, Easterly Government Properties leverages the credit strength of its tenants to support its investment strategy and growth initiatives.
The company’s holdings encompass a diverse range of facility types, including office buildings, medical centers, research laboratories, warehouses, and criminal justice facilities. Many of these properties were originally developed through sale-leaseback or build-to-suit transactions, ensuring that each asset is custom-designed to the technical specifications and security requirements of its government occupant. Easterly Government Properties maintains a geographically diversified footprint across the contiguous United States, serving agencies such as the General Services Administration, Department of Defense, and national laboratories.
Founded in early 2015, Easterly Government Properties emerged as a publicly traded REIT with a strategy tailored to the unique requirements of federal tenants. Since its inception, the company has pursued disciplined acquisitions and selective development projects to expand its portfolio, often partnering with experienced developers and government entities to structure transactions that align with its risk-adjusted return objectives. Headquartered in McLean, Virginia, Easterly Government Properties operates under an externally managed model, drawing on the expertise of its sponsor and advisor to source and underwrite new investment opportunities.
Leadership at Easterly Government Properties is anchored by a seasoned management team and board of directors with deep experience in real estate finance, development, and government leasing. Chief Executive Officer Trevor Bond oversees the company’s strategic direction, while senior executives manage asset operations, capital markets activities, and tenant relations. This cohesive governance structure supports Easterly Government Properties’ mission to deliver reliable, government‐trusted real estate solutions and to create long-term value for its shareholders.
AI Generated. May Contain Errors.
Free DEA Stock Alerts