Date
Categories

GOVT News

Closed Transaction: Social Security Administration Portfolio

06.15.2023

 GOVT Real Estate Group Closes U.S. Social Security Administration Portfolio Spanning Several States Across the U.S.

San Diego, California | June 15th,  2023 – GOVT Real Estate Group announced today the recent sale of a 76,665 square-foot portfolio consisting  of six single-tenant U.S. Social Security Administration (SSA) Branch Office locations in Arkansas, Ohio, Indiana, and Illinois, each recently constructed between 2007-2010 on a build-to-suit basis for SSA. Multiple leases were recently renewed, demonstrating the long-term commitment by SSA to these locations. This portfolio is 100% leased to the U.S. Federal Government, with leases guaranteed by the full faith and credit of the United States of America, featuring an Aaa credit rating and unrivaled income security.

The property was acquired by a privately held real estate operating company that focuses on government property acquisitions and was sold on behalf of a private real estate investment firm based in Chicago.

 

GOVT Real Estate Group

GOVT Real Estate Group is the national market leader in government property sales and investor services, with transaction volume exceeding $7 billion and closings in 45 states. Founded in 2005, GOVT Real Estate Group provides highly skilled client representation via unmatched expertise and experience, and a network of influential relationships with institutional and private capital sources that is global in reach. Through the power of specialization, GOVT Real Estate Group maximizes value and optimizes results on every assignment.

GOVT Real Estate Group’s transaction experience includes facilities occupied by all active government departments and agencies, including FBI, DEA, IRS, FEMA, FDA, ATF, OSHA, Veterans Affairs, Secret Service, Homeland Security, Immigration and Customs Enforcement, Citizenship and Immigration Services, Social Security, U.S. Attorneys, U.S. Courts, Customs and Border Protection, Air Force, Department of Defense, Army Corps of Engineers, Defense Health Agency, Health Resources and Services, Department of Interior, Forest Service, Bureau of Land Management, Fish & Wildlife, Geological Survey, Environmental Protection Agency, Department of Energy, Military Entrance Processing Command, Department of Agriculture, and National Parks Service.