HC Government Realty Trust, Inc. Announces the Acquisition of a Community-Based Outpatient Clinic in Everett, Washington
Photograph of the VA CBOC Facility in Everett, WA
WINSTON-SALEM, NC – HCGRT is pleased to announce the acquisition of a 25,500 square-foot newly constructed facility for a Community-Based Outpatient Clinic (CBOC) located in Everett, Washington. The new facility is leased to the U.S. Department of Veterans Affairs and provides primary care and specialty health services including mental health care, social work, women’s health care, radiology, laboratory, and pathology testing. The lease commenced in October 2022 with a total lease term of 15 years.
HCGRT Chief Operating Officer John W. Braswell added the following statement to today’s announcement:
“The addition to our portfolio of this VA CBOC in Q4 of 2022 represents our first property in the State of Washington. This brand new, build-to-suit facility fills a critical need for Veteran’s located in Snohomish County and the surrounding areas. As the number of VA facilities within our portfolio has grown, we are increasingly impressed with VA’s mission to provide world class healthcare to our valuable Veterans.”
HCGRT’s real estate portfolio currently includes 34 properties representing approximately 654,000 rentable square feet across 12 different agencies located in 22 states.
About HC Government Realty Trust, Inc.
HC Government Realty Trust, Inc. was formed in 2016 with the purpose of acquiring and operating GSA properties, which are full-faith credit obligations of the U.S. Government. GSA and VA -leased real estate asset classes typically possess a highly stable tenant base, long-term lease structures and low risk of tenant turnover. The Company’s initial portfolio consists of U.S. Government tenant agencies, including a number of the U.S. Government’s largest and most essential agencies, such as the Drug Enforcement Administration, the Federal Bureau of Investigation, the Social Security Administration and the Department of Veterans Affairs. For more information, please visit our corporate website at www.hcgovtrust.com.
Released May 24, 2023