Transactions: Government REIT enters VA arena

Washington, D.C.-based Easterly Government Properties Inc., a publicly traded real estate investment trust (REIT), recently agreed to acquire its first two healthcare properties operated by the U.S. Dept. of Veterans Affairs (VA). The facility shown is one of them: the newly opened, 327,614 square foot VA ambulatory care center in Loma Linda, Calif. Photo courtesy of Easterly Government Properties

Easterly REIT to spend $260M on federal outpatient centers in California, Indiana

By John B. Mugford

With a long-term lease backed by a government agency, a built-in patient base of military veterans and brand new construction, the Dept. of Veterans Affairs (VA) ambulatory care center in Loma Linda, Calif., was sure to attract investors – whether they were focused on healthcare real estate (HRE) or not.

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