US Government-focused REIT Easterly Government Properties files for a $100 million IPO

Easterly Government Properties, a newly formed REIT focused on properties leased to the US government, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.

The Washington D.C.-based company, which was founded in 2014 and booked $5.8 million in sales for the 12 months ended September 30, 2014, plans to list on the NYSE under the symbol DEA. Easterly Government Properties initially filed confidentially on October 17, 2014. Citi, Raymond James and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.