Easterly Government Boosts Portfolio With IRS Facility Buyout
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Easterly Government Properties (DEA) has acquired an IRS industrial facility in Ogden, which is expected to provide a stable rental income stream over the long term.
November 25, 2024 | 5:30 pm
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Easterly Government Properties has acquired an IRS facility in Ogden, which is expected to provide a stable rental income stream over the long term.
The acquisition of the IRS facility is a strategic move for DEA, likely to enhance its portfolio with a reliable source of rental income. This acquisition aligns with DEA's business model of investing in government-leased properties, which are generally considered low-risk and stable. The long-term rental revenue from a government tenant like the IRS is expected to positively impact DEA's financial performance.
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