Easterly Government Properties Completes Acquisition of VA - Corpus Christi, the Ninth of 10 Properties in the VA Portfolio
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 the U.S. Government, announced today that it has, through its joint venture (“JV”), completed the acquisition of the previously announced 69,276 leased square foot outpatient facility leased to the Department of Veterans Affairs (VA) located in Corpus Christi, Texas (“VA - Corpus Christi”). VA - Corpus Christi is the ninth property to be acquired in the previously announced portfolio of 10 properties 100% leased to the VA under predominately 20-year firm term leases (the “VA Portfolio”).
“Easterly is pleased to expand its portfolio by welcoming the latest state-of-the-art VA outpatient facility,” said William C. Trimble, III, Easterly’s Chief Executive Officer. “We look forward to serving as the landlord to the U.S. Government over the course of its current 20-year non-cancelable lease term.”
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The VA Portfolio is comprised of the following 10 properties, arranged by anticipated lease commencement date:
Property Name |
State |
Leased |
Leased |
Lease |
Status |
VA - Chattanooga |
TN |
94,566 |
100% |
15.0 |
Delivered (Nov. 2020) / Acquired (Nov. 2021) |
VA - Lubbock |
TX |
120,916 |
100% |
20.0 |
Delivered (Dec. 2020) / Acquired (Oct. 2021) |
VA - Lenexa |
KS |
31,062 |
100% |
20.0 |
Delivered (May 2021) / Acquired (Oct. 2021) |
VA - San Antonio |
TX |
226,148 |
100% |
20.0 |
Delivered (Aug. 2021) / Acquired (Dec. 2021) |
VA - Birmingham |