Government Properties REIT Buying First Potomac for $1.4 Billion

Following an 18-month ‘crash course’ in boosting shareholder value under CEO Robert Milkovich, Bethesda, MD-based First Potomac Realty Trust (NYSE:FPO) has accepted a buyout offer from Government Properties Income Trust (Nasdaq:GOV) for $ 1.4 billion in cash and debt assumption. Government Properties Income Trust, which is managed by the operating subsidiary of alternative asset management company The RMR Group Inc. (Nasdaq: RMR) based outside Boston…
National Commercial Real Estate News From CoStar Group

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