Easterly Government Properties on Track for $200 Million in Acquisitions in 2019

William Trimble, president and CEO of Easterly Government Properties, Inc. (NYSE: DEA), joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.

Trimble said Easterly is expecting to make about $200 million in acquisitions this year. “We’re very much on track for the year and are feeling good about the pipeline,” he said. On the build-to-suit side, Easterly’s goal is to deliver one project a year for the foreseeable future, he added.

As for competition for assets, Trimble said it’s largely coming from private equity players. Sovereign wealth funds, large insurance companies, and others will show interest with the larger properties, he noted.

Meanwhile, Trimble said sustainability has been a long-standing tenet for the company.

“The federal government is very concerned with the environment and we have the largest LEED-certified portfolio leased to the federal government,” Trimble said.