VA – Marietta is a 76,882 square foot outpatient facility leased through its joint venture (“JV”) to the Department of Veterans Affairs (VA). Located in Marietta, Georgia, VA – Marietta is the sixth property to be acquired in the previously announced portfolio of the 10 properties 100% leased to the VA under predominately 20-year firm term leases (the “VA Portfolio”).
Year to date, Easterly has acquired, either directly or through the JV, four properties for an aggregate pro rata contractual purchase price of approximately $145.8, comprised of (i) $92.7 million of the wholly owned acquisition target of $200.0 – $250.0 million; and (ii) $53.1 million of the pro rata JV acquisition target of $145.0 million. Easterly owns, directly or through the JV, 93 properties totaling 9.0 million square feet.