Easterly Government Properties (DEA) Forward Sales Agreements Settled
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Easterly Government Properties Announces Settlement of Forward Sales Agreements
December 1, 2016 9:00 AM ESTWASHINGTON--(BUSINESS WIRE)-- Easterly Government Properties, Inc. (NYSE: DEA) (the Company or Easterly), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today the settlement of its previously announced forward sales agreements that were entered into by the Company on June 1, 2016, in connection with its common stock offering that closed on June 7, 2016.
On November 29, 2016, the Company physically settled the forward sales agreements by issuing an aggregate of 1,500,000 shares of common stock in exchange for approximately $25.1 million of net... More