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WASHINGTON, DC–Locally-based REIT Easterly Government Properties has agreed to acquire a 1.5-million-square foot portfolio of 14 assets for $430 million. The portfolio is 94% leased to the federal government and 99% leased overall. In addition, 79% of the properties are build-to-suit or renovation-to-suit.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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