Easterly Government Properties Announces Common Stock Offering
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June 2, 2016 8:49 AM EDT
Easterly Government Properties, Inc. (NYSE: DEA) announced the pricing of a public offering of an aggregate of 6,126,967 shares of its common stock, consisting of 3,800,000 shares offered directly by the Company, 1,500,000 shares offered on a forward basis in connection with the forward sales agreements described below, and 826,967 shares offered by certain selling stockholders, at a price to the public of $18.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 919,045 shares of common stock offered by the Company at the public offering price.
The offering will result in... More
June 1, 2016 4:05 PM EDT
Easterly Government Properties, Inc. (NYSE: DEA) agreed to acquire a 302,057-square foot portfolio of four U.S. Government-leased properties for a purchase price of approximately $97.4 million.
We are excited to further expand our portfolio of U.S. Government-leased properties with the acquisition of this four-property portfolio, said William C. Trimble III, Chief Executive Officer of Easterly Government Properties, Inc. This portfolio is squarely in the bullseye of our target market and is indicative of the focused, mission-critical portfolio that we continue to build by maintaining our strict underwriting criteria and leveraging our relationships to source... More
