DEA - Easterly Government Properties acquires district courthouse in Iowa

• Easterly Government Properties ( NYSE: DEA ) said Wednesday it acquired a 28.9K leased sq. ft. U.S. District courthouse in Council Bluffs, Iowa.
• The courthouse is a build-to-suit facility that is 100% leased to the General Services Administration on behalf of the U.S. District Court under a 20-year non-cancelable lease that will expire in 2041.
• The lease also features two five-year renewal options that, if exercised, will extend the lease till 2051.
• Year to date,
• DEA acquired, either directly or through its joint venture, six properties for pro rata contractual purchase price of ~$179.1M YTD.
• With the acquisition of the courthouse in Council Bluffs, DEA owns 95 properties totaling 9.1M sq. ft.

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