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Investment firm seeks REIT status

by Larry Gray

Easterly Government Properties, a Washington, D.C.–based investment firm, intends to qualify as a real estate investment trust and has filed a registration statement with the SEC for its proposed IPO. The number of shares of common stock to be sold and the price range for the proposed offering have not been determined yet. The new REIT would trade on the NYSE under the symbol “DEA”. The IPO is expected to commence after the SEC completes its review process, subject to market and other conditions. Easterly Government Properties specializes in the acquisition, development and management of class A commercial properties leased to U.S. government agencies through the U.S. General Services Administration. Upon completion of this offering and the formation transactions, Easterly Government Properties will wholly own 29 properties in the United States, including 26 properties that are leased primarily to U.S. government tenant agencies and three pro

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