Easterly Government Properties (NYSE: DEA) is a Washington, D.C.-based real estate investment trust founded in 2009 by Darrell Crate as a private equity fund, going public in 2015. The company is a fully integrated REIT that acquires, develops, and manages Class A commercial properties leased to U.S. Government agencies, either directly or through the General Services Administration (GSA). With over 100 properties and 10.2 million leased square feet, Easterly operates as the leading owner and manager of mission-critical government leased real estate. The portfolio is leased to agencies supporting veteran care, law enforcement, federal infrastructure, border security, and other government functions. The company has closed over $3.3 billion in government-leased assets since inception and developed nearly 5 million square feet of build-to-suit construction. Easterly employs a long-term hold strategy, holding properties for 10+ years with an average weighted remaining lease term of 9.5 years. Properties span 27 states, with 88% of annual lease income backed by the full faith and credit of the U.S. Government. Properties include VA facilities, FBI offices, IRS centers, federal courthouses, and laboratories. Recent expansion includes government-adjacent properties leased to defense contractors and state/local government agencies.