Easterly Government Properties is working to shift its portfolio away from its heavy reliance on the federal government — but not because of President Donald Trump. 
The company, which owns 9.7M SF of properties, first told investors in early 2024 it intends to diversify its portfolio away from the federal tenants that have filled its buildings since its 2009 founding. It is looking to reduce its federal exposure from 95% to 70% of its portfolio while increasing the share of state and local government tenants to 15% and private-sector tenants to 15%. 
“Today, we are aggressively looking for government-adjacent buildings that look like the…