The Newton, MA-based REIT logged and FFO $12.6 million for the 1Q10, up $500,000 year-over-year. Net income however was down YOY at $6.9 million for the quarter, shaving $1.6 million from the previous year's first quarter take.
Holliday Fenoglio Fowler LLC managed the transaction. Over the quarter, Government Properties acquired a 166,745-square-foot office in Lakewood, CO for $28.7 million; an office and warehouse facility totaling 266,000 square feet in Landover, MD for $43.7 million; a smaller office at 26,609 square feet for $31 million in Burlington, VT; and a 56,966-square-foot office in Detroit at $21.3 million.
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