NEW YORK--(EON: Enhanced Online News)--The 200 million square feet of office space leased by the federal government through the General Services Administration (GSA) helps the government operate efficiently and may provide compelling returns for investors, said Darrell W. Crate of Easterly Partners, LLC.
“This niche segment of real estate investing can meet a critical portfolio need for qualified investors, providing a prudent balance among income, overall return and downside market protection.”
“By being good partners with the U.S. government and recognizing cost-effective ways for it to achieve mission-critical objectives, owners of GSA-leased properties may realize attractive returns,” said Crate, speaking before the Private Equity Real Estate (PERE) New York Summit 2013. “This niche segment of real estate investing can meet a critical portfolio need for qualified investors, providing a prudent balance among income, overall return and downside market protection.”
GSA leases are backed by the full faith and credit of the United States. With pressure to control costs, the government prefers to house its agencies in leased, privately owned assets, explained Crate. The market for GSA-leased office space has grown steadily over the past four decades and is positioned for continued growth.
With deep experience in the GSA sector, Easterly Partners focuses exclusively in this area– and believes that market misconceptions and a misunderstanding of the government’s needs provides a competitive edge in a sector that is highly fragmented and operated in ways that are unique in the commercial real estate industry.
About Easterly Partners, LLC
Easterly Partners, LLC is a privately held real estate investment management firm based in Washington, D.C. Easterly is a Registered Investment Advisor with the SEC and it leverages its experience and expertise to invest in a highly specialized segment of the U.S. government real estate market.
For more information, visit www.easterlypartners.com.