First Potomac Realty Trust [Acquired] | REIT Profile
Symbol: FPO
new symbol: GOV
CIK: 1254595
Exchange: NYSE
Founded: 1997
HQ: Bethesda, MD, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office
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Government Properties Income Trust (NASDAQ: GOV) completed its $1.4 billion acquisition of Bethesda-based First Potomac Realty Trust (NYSE: FPO). First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that focuses on owning, operating, developing and redeveloping office and business park properties in the greater Washington, D.C. region. FPO common shares (NYSE:FPO) are publicly traded on the New York Stock Exchange.
Related Information
| Material | Source | Description |
|---|---|---|
| First Potomac to be acquired by Government Properties for $1.4B | Jun 28, 2017, - First Potomac Realty Trust is being acquired in a $1.4 billion deal announced Wednesday, several months after the Bethesda-based real estate investment trust had reportedly started exploring the option, marking the culmination of the downfall of a homegrown REIT. The buyer is Newton, Massachusetts-based Government Properties Income Trust (NASDAQ: GOV), which will acquire all of the outstanding shares of First Potomac, including debt. | |
| Government Properties completes $1.4 billion First Potomac acquisition | Government Properties Income Trust (NASDAQ: GOV) completed its $1.4 billion acquisition of Bethesda-based First Potomac Realty Trust (NYSE: FPO) on Monday, adding nearly 6.5 million square feet of D.C.-area properties to the Newton, Massachusetts-based real estate investment trust's portfolio. |
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Last updated: 2024-05-08 - v4.8