secwatch.observer — SEC 8-K summary
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Issuer:     Easterly Government Properties, Inc. (DEA)
CIK:        0001622194
Form:       8-K
Filed at:   2021-10-15T23:59:59+00:00
Accession:  0001564590-21-050958
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Easterly forms JV to acquire $635.6M VA portfolio of 10 properties; 53% stake retained
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- Purchase price $635.6M for 1,214,165 sq ft; 100% leased to VA with 19.6-year weighted avg lease term.
- Easterly retains 53% JV stake; partner (unnamed global investor) holds 47%; Easterly earns asset management fees.
- JV closed Oct 13 on VA-Lubbock (120,916 SF) and VA-Lenexa (31,062 SF); remaining 8 properties expected by end of 2023.
- Over $174M in VA-funded tenant improvements planned; all facilities Class A, Green Globe certified.
- Year-to-date Easterly acquired 8 properties directly/JV for ~$167.8M pro rata; now owns 86 properties totaling 7.8M SF.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622194/000156459021050958/0001564590-21-050958-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622194/000156459021050958/dea-8k_20211008.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-050958

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