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REIT Government Properties Income Trust files for IPO

February 23, 2009
GOV

Government Properties Income Trust, a REIT focused on properties that are majority leased to government tenants, filed with the SEC for an IPO on Friday. The Newton, MA-based subsidiary of healthcare REIT HCP, Inc. (NYSE: HCP) controls a portfolio of 29 properties that generated $75 million in rental income in fiscal 2008. Merrill Lynch is set to be the lead underwriter on the deal.