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Washington, D.C., REIT acquires citizenship and immigration facility in California
Transactions - OCTOBER 24, 2019

Washington, D.C., REIT acquires citizenship and immigration facility in California

by Released

Washington, D.C.-based Easterly Government Properties, a fully integrated REIT focused primarily on the acquisition, development and management of class A commercial properties leased to U.S. government agencies, has acquired a 66,818-square-foot U.S. Citizenship and Immigration Services (USCIS) facility in Tustin, Calif.

USCIS – Tustin is a single-tenant, LEED Certified office building, 100 percent let to the General Services Administration (GSA).

The facility recently underwent a sizeable renovation-to-suit for USCIS whereby the tenant provided a substantial capital investment into this facility. The government recently signed a 15-year lease for the building, which expires in 2034.

“We are pleased to acquire this LEED Certified building, which hits all of our acquisition objectives and extends our growing portfolio’s lease duration,” said William Trimble, CEO of Easterly.

USCIS is an agency within the U.S. Department of Homeland Security (DHS) that administers the country’s naturalization and immigration system.

USCIS performs many of the nation’s critical immigration duties, including processing and adjudicating various immigration matters, including applications for work visas, asylum, and citizenship. Additionally, the agency is tasked with safeguarding national security, eliminating immigration case backlogs, and improving efficiency.

 

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