Easterly

Easterly Government Properties Appoints Co-Founder Darrell Crate as CEO to Advance Mission-Critical Real Estate Strategy

Retrieved on: 
Thursday, December 7, 2023
Professional Services, White House, Federal Government, Public Policy, Government, Commercial Building & Real Estate, Finance, Construction & Property, REIT, General Services Administration, Acquisition, NYSE, CFO, State bureau of investigation, Trust, Foreign Affairs Policy Board, DEA, Drug, The Co Founder, Drug Enforcement Administration, Unitary state, GSA, Management, Easterly

Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust (“REIT”) focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, today announced that Darrell Crate, the Co-Founder and current Chairman of the Board, has been appointed as Chief Executive Officer (CEO), effective January 1, 2024.

Key Points: 
  • Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust (“REIT”) focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, today announced that Darrell Crate, the Co-Founder and current Chairman of the Board, has been appointed as Chief Executive Officer (CEO), effective January 1, 2024.
  • In connection with Mr. Crate’s appointment, William C. Trimble, III will retire from his position as President and CEO of Easterly effective December 31, 2023.
  • “Bill has been a valuable partner for over a decade,” said Crate.
  • His transition to CEO ensures the Company’s succession plan remains connected to Easterly’s foundational mission and values.

Easterly’s Maritime Investment Company Acquires Two Additional Chemical Tankers

Retrieved on: 
Wednesday, November 15, 2023
Professional Services, Chemicals, Plastics, Maritime, Transport, Manufacturing, Finance, Asset Management, Ship, Distribution, Acquisition, Palm oil, Molasses, Easterly, Dislocation, Stainless steel, Swelling, Shipbuilding

Easterly Asset Management’s (“Easterly”) Maritime Logistics Equity Partners (“MLEP”) today announced the launch of its third chemical tanker investment tranche with the acquisition of two additional vessels.

Key Points: 
  • Easterly Asset Management’s (“Easterly”) Maritime Logistics Equity Partners (“MLEP”) today announced the launch of its third chemical tanker investment tranche with the acquisition of two additional vessels.
  • The acquisition solidifies Easterly’s position as one of the largest western fleets of chemical tankers in the world with 13 vessels.
  • The newly purchased stainless steel tankers are among the biggest chemical tankers in the Easterly MLEP fleet.
  • The strength of the market persists amidst shrinking supply, with chemical tankers retiring faster than new ships are built.

Easterly Income Opportunities Fund Reaches Five-Year Anniversary with Top Decile Performance

Retrieved on: 
Thursday, November 9, 2023
Professional Services, Data Analytics, Other Professional Services, Finance, Asset Management, Consulting, Business development, ETF, Morning Star, Morningstar, Inc., Business, Fund, CFA, Security (finance), Easterly

Easterly Funds, the mutual fund platform of Easterly Asset Management which offers investors access to accomplished boutique investment managers and unique strategies, is pleased to announce that the Easterly Income Opportunities Fund (“the Fund”) (tickers: JSVIX, JASVX, JSVCX, JASSX), two-time recipient of the Lipper Fund Award1, recently marked its five-year anniversary with strong, risk-adjusted returns ranking it in the top decile among its peers2.

Key Points: 
  • Easterly Funds, the mutual fund platform of Easterly Asset Management which offers investors access to accomplished boutique investment managers and unique strategies, is pleased to announce that the Easterly Income Opportunities Fund (“the Fund”) (tickers: JSVIX, JASVX, JSVCX, JASSX), two-time recipient of the Lipper Fund Award1, recently marked its five-year anniversary with strong, risk-adjusted returns ranking it in the top decile among its peers2.
  • Through an active value investing approach, the strategy is designed to take advantage of opportunities in the multisector bond market.
  • The experienced team of portfolio managers directing the Fund seek to provide a high level of risk-adjusted income and capital appreciation with low volatility and sensitivity to changes in credit spreads and interest rates.
  • The Fund is managed and sub-advised by Jay Menozzi, CFA, Chief Investment Officer & Portfolio Manager of Orange Investment Advisors an Affiliate of Easterly, and Portfolio Manager, Boris Peresechensky.

Easterly Asset Management Partners with Growth Buyouts Investment Firm Lateral Investment Management

Retrieved on: 
Wednesday, November 1, 2023
Asset Management, Professional Services, Finance, Growth, Partnership, Security (finance), Easterly, Lateral

Easterly Asset Management (“Easterly”), a multi-affiliate platform for high-performing boutique investment firms, today announced a strategic partnership with Lateral Investment Management (“Lateral”), a private equity firm focused on transformational growth buyouts at owner-operated middle market businesses.

Key Points: 
  • Easterly Asset Management (“Easterly”), a multi-affiliate platform for high-performing boutique investment firms, today announced a strategic partnership with Lateral Investment Management (“Lateral”), a private equity firm focused on transformational growth buyouts at owner-operated middle market businesses.
  • Easterly will provide Lateral with its robust platform to elevate the team’s ability to support lower-middle market businesses facing significant growth.
  • Exemplifying the power of their partnership, Easterly and Lateral reported the close of their $35M co-investment in Morae Global (“Morae”).
  • “Lateral is a highly differentiated firm with a track record of turning successful, profitable companies into market leaders,” said Darrell Crate, Founder and Managing Principal of Easterly Asset Management.

Easterly Government Properties Acquires a 35,005 SF U.S. District Courthouse in Newport News, Virginia

Retrieved on: 
Monday, October 23, 2023
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Supreme court, LEED, Government, JV, Unitary state, NYSE, III, History, District Courthouse, United States magistrate judge, DEA, Acquisition, Law of the United Kingdom, Judiciary Act, Tenant, News, City, United States Marshals Service, Newport, Judiciary, District court, Women in the United States judiciary, JUD, Judiciary Act of 1789, United States district court, Court of cassation, Easterly, District Judge

Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has acquired a 35,005 leased square foot United States District Courthouse in Newport News, Virginia (“JUD - Newport News”).

Key Points: 
  • Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it has acquired a 35,005 leased square foot United States District Courthouse in Newport News, Virginia (“JUD - Newport News”).
  • The United States District Court, Eastern District of Virginia, Newport News Division Courthouse is a highly specialized facility that features 2008 build-to-suit, LEED Certified construction, and a new 10-year firm term lease extension that does not expire until 2033.
  • JUD - Newport News houses four District Judges, three Senior District Judges, and three Magistrate Judges, and is responsible for the cities of Newport News, Hampton, and Williamsburg, and the counties of York, James City, Gloucester, and Matthews.
  • With this acquisition, Easterly owns, directly or through the JV, 90 properties totaling 8.9 million square feet.

Easterly Government Properties Acquires 97,969 SF Department of Homeland Security Facility in Atlanta, Georgia

Retrieved on: 
Thursday, October 5, 2023
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, REIT, III, Privacy Office of the U.S. Department of Homeland Security, U.S. Customs and Border Protection, Government, NYSE, Acquisition, DHS, TSA, Transport, Hartsfield–Jackson Atlanta International Airport, Unitary state, Growth, JV, U.S. Department of Agriculture Cotton Annex, Transportation Security Administration, CBP, DEA, Self storage, Easterly

The two tenants recently executed leases that provide for occupancy of up to 15 years through 2038.

Key Points: 
  • The two tenants recently executed leases that provide for occupancy of up to 15 years through 2038.
  • Located in close proximity to the highly trafficked Hartsfield-Jackson Atlanta International Airport, the facility provides a strategic advantage for its underlying U.S. Government tenants.
  • Within the facility, the TSA will occupy 44,075 square feet while the CBP occupies 29,737 square feet.
  • With this acquisition, Easterly owns, directly or through the JV, 89 properties totaling 8.8 million square feet.

Easterly Government Properties Acquires 95,273 SF Specialized Facility in Anaheim, California

Retrieved on: 
Thursday, October 5, 2023
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Tenant, JV, Acquisition, Property management, Easterly

- A public facing facility with court hearing rooms used for adjudicating workers’ compensation claims, as well as training rooms for furthering employment opportunities

Key Points: 
  • - A public facing facility with court hearing rooms used for adjudicating workers’ compensation claims, as well as training rooms for furthering employment opportunities
    (1) Assumes executed renewal lease for 25,085 leased square feet commences on November 1, 2023 upon completion of currently ongoing renewal related tenant improvement work.
  • Year to date, Easterly has acquired, either directly or through the Company’s joint venture (JV), two properties for an aggregate pro rata contractual purchase price of approximately $47.5 million, comprised of (i) $29.3 million of wholly owned acquisitions; and (ii) $18.2 million of JV acquisitions at its pro rata amount.
  • With this acquisition, Easterly owns, directly or through the JV, 88 properties totaling 8.7 million square feet.

Black Hat Announces Maria Markstedter, Jen Easterly, Viktor Zhora, and Kemba Walden As Keynote Speakers for Black Hat USA 2023

Retrieved on: 
Thursday, July 6, 2023
Security, Technology, Software, Networks, Artificial Intelligence, Internet, Software system, Zhora, Private sector, State, Executive, Senate, Office of the National Cyber Director, Black hat, Information, Cybersecurity and Infrastructure Security Agency, National Technical University, Ministry of Digital Development, Innovation and Aerospace Industry (Kazakhstan), Intelligence, CISA, Blog, Government, Digitalization, Ministry of Digital Transformation, Institute of Physics, National academy, Hat, Service provider, Risk, Physics, Growth, Peter Markstedt, AI, State Special Communications Service of Ukraine, Executive order, Computer security, Arms industry, Cryptocurrency, Keynote, Easterly

The third Keynote will take place at the beginning of the final day of Briefings on Thursday, August 10.

Key Points: 
  • The third Keynote will take place at the beginning of the final day of Briefings on Thursday, August 10.
  • Black Hat USA 2023 Keynote lineup:
    Maria Markstedter is the Founder of Azeria Labs, where she runs a popular blog that teaches the community about Arm, from the instruction set to reverse engineering and exploit development.
  • For Black Hat USA 2023, Easterly will present her talk with Viktor Zhora.
  • For registration and additional information on Black Hat USA 2023, please visit https://www.blackhat.com/us-23/ .

Easterly Asset Management Hires Lauren Crisafi as Senior Vice President

Retrieved on: 
Tuesday, May 16, 2023
Asset Management, Professional Services, Finance, Easterly, RBC, Senior, Marketing, Antoine de Crisafy, Cryptocurrency

Easterly Asset Management (“Easterly”), a multi-affiliate asset manager of high-performing boutique investment firms, today announced the hiring of Lauren Crisafi as Senior Vice President of Marketing.

Key Points: 
  • Easterly Asset Management (“Easterly”), a multi-affiliate asset manager of high-performing boutique investment firms, today announced the hiring of Lauren Crisafi as Senior Vice President of Marketing.
  • Prior to joining Easterly, she was a Vice President of Marketing at RBC Global Asset Management (“RBC GAM”).
  • “We are extremely excited to welcome Lauren to the firm,” said Mike Collins, Head of Distribution at Easterly.
  • “She brings a wealth of experience and foundational knowledge of the asset management marketing space.

Easterly Government Properties Announces Recent Environmental Sustainability and Social Responsibility Achievements

Retrieved on: 
Wednesday, April 12, 2023
Environment, Commercial Building & Real Estate, Construction & Property, Human Resources, Finance, Banking, REIT, Professional Services, Environmental, Social and Governance (ESG), Social responsibility, Communication, The Last Best Place, Unitary state, Carbon, American City Business Journals, Government, Certification, Interface (computing), EPA, Acquisition, DEA, III, NYSE, Renewable energy, Management, Washington metropolitan area, Easterly

Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, is pleased to announce it has earned two important accolades in recognition of the Company’s recent environmental sustainability and social responsibility achievements.

Key Points: 
  • Easterly Government Properties, Inc. (NYSE: DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, is pleased to announce it has earned two important accolades in recognition of the Company’s recent environmental sustainability and social responsibility achievements.
  • Easterly is honored to be recognized as a 2022 Premier Member by the U.S. Environmental Protection Agency (EPA)’s ENERGY STAR Certification Nation.
  • To earn an ENERGY STAR certification, a commercial building or industrial plant must be independently verified to operate more efficiently than 75% of similar properties nationwide.
  • "Easterly understands the importance of minimizing the environmental impact of our portfolio," said Meghan G. Baivier, Chief Financial and Operating Officer.