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Easterly Government Properties Provides Financing Clinic Development in WA
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Easterly Government Properties Provides Financing Clinic Development in WA
Easterly Government Properties (EGP) announced its first mezzanine loan investment, providing $7 million in financing for the development of a new 120,000-square-foot Veterans Affairs outpatient clinic in Kennewick, Washington. The loan carries a 12% yield and supports a fully leased, 20-year firm term commitment from the Department of Veterans Affairs, with an expected project completion date of October 2028. EGP is a fully integrated REIT focu…
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