Easterly Government Properties Acquires 489,316 Leased SF Multi-Tenanted Facility in Kansas City, MO
WASHINGTON, D.C. – October 18, 2021
WASHINGTON, D.C. – October 18, 2021 – Easterly Government Properties, Inc. (NYSE: DEA)
(the “Company” or “Easterly”), 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 acquired a 489,316 leased square foot facility
primarily leased to the United States Citizenship and Immigration Services (USCIS) located in the
metropolitan region of Kansas City, Missouri (“USCIS - Kansas City”).
USCIS - Kansas City, a single-story facility that was substantially renovated-to-suit in 1999, is
leased primarily to USCIS along with several smaller private sector tenants. With the majority of
the building leased to USCIS through 2042, the total weighted average lease expiration date for
the facility is February 2036. Should all in-place tenant renewal options be exercised, the weighted
average lease expiration date for the facility could be as late as January 2045.
Demonstrating USCIS’s commitment to the facility, an approximately 16,000 leased square foot
addition was completed in 2019 to better accommodate its long-term occupancy at the property.
“Easterly continues to execute on its strong acquisition pipeline as we welcome this newest asset
into our growing portfolio,” said William C. Trimble, Easterly’s Chief Executive Officer. “With a long
term and enduring mission being fulfilled from this facility, we are pleased to serve as partners to
the U.S. Government and service these tenants for decades to come.”
The property serves the USCIS as both its National Benefits Center (NBC) as well as a card
production facility. With approximately 1,700 NBC USCIS employees and government contractors
operating from USCIS - Kansas City, the NBC processes applications from every U.S. state and
territory for different immigration benefits, including the authorization for employment, travel
abroad, permanent residency, and naturalization. The NBC’s primary function is to prepare the
case files for eventual adjudication for more than 85 field offices nationwide. Further, USCIS -
Kansas City is one of two card production facilities nationwide that aids in the mass production of
documents approved for immigrants in the U.S., including employment authorization cards, green
cards, and travel documents.
USCIS, a component of the Department of Homeland Security (DHS), is the federal agency that
oversees lawful immigration to the United States. Individuals who wish to become U.S. citizens
through the naturalization process submit their applications to USCIS. This agency determines
eligibility, processes the applications and, if approved, schedules the applicant for a ceremony to
take the Oath of Allegiance.
Year to date, Easterly has acquired, either directly or through the previously announced joint
venture (JV), nine properties for a total pro rata contractual purchase price of approximately
$286.8 million out of its increased $300 million acquisition volume target for the year. Pro forma
for this acquisition, Easterly owns, directly or through the JV, 87 properties totaling 8.3 million
square feet.
primarily on the acquisition, development and management of Class A commercial properties that
are leased to the U.S. Government. Easterly’s experienced management team brings specialized
insight into the strategy and needs of mission-critical U.S. Government agencies for properties
leased through the U.S. General Services Administration (GSA). For further information on the
company and its properties, please visit www.easterlyreit.com.
This press release contains forward-looking statements within the meaning of federal securities
laws and regulations. These forward-looking statements are identified by their use of terms and
phrases such as “believe,” “expect,” “intend,” “project,” “anticipate,” “position,” and other similar
terms and phrases, including references to assumptions and forecasts of future results. Forwardlooking statements are not guarantees of future performance and involve known and unknown
risks, uncertainties and other factors which may cause the actual results to differ materially from
those anticipated at the time the forward-looking statements are made. These risks include, but
are not limited to those risks and uncertainties associated with our business described from time
to time in our filings with the Securities and Exchange Commission, including our Annual Report
on Form 10-K filed on February 24, 2021. Although we believe the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, we can give no assurance
that the expectations will be attained or that any deviation will not be material. All information in
this release is as of the date of this release, and we undertake no obligation to update any forwardlooking statement to conform the statement to actual results or changes in our expectations.
Contact:
Easterly Government Properties, Inc.
Lindsay S. Winterhalter
Vice President, Investor Relations & Operations
202-596-3947
ir@easterlyreit.com
Easterly Government Properties, Inc.
Symbol: DEA
CIK: 1622194
Exchange: NYSE
Founded: 2014 (10 years)
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score.
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