Easterly Government Properties CEO ‘Aggressively Looking’ To Buy Non-Federal Buildings

June 4, 2025 / no comments

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…

Big Pharma Feels Fresh Urgency As Manufacturing Push Grows

June 4, 2025 / no comments

Pharma companies in the U.S. have announced roughly $158B in new investments this year, most of which will be directed toward the development of new plants for manufacturing drugs of all kinds.
These plans have created a site selection race for municipalities and economic development teams across the country with decisions expected soon. Many see the competition to snag a new facility entering a final stage, with the winners possibly netting hundreds of jobs and significant tax revenue. 
“All the major pharma companies have made some kind of commitment,” NCBiotech CEO Doug Edgeton said. “I do think there is an urgency now…

KKR’s Loan Pipeline Hits $42B All-Time High As Landlords Flock Toward Alternative Lending

June 3, 2025 / no comments

Private equity giant KKR has hit a new record loan pipeline of $42B and doesn’t plan on slowing down anytime soon despite volatility from the fallout of sweeping tariffs and high construction costs.
Landlords are struggling to nail down financing as many lenders hold back, and property values are adjusting after the last few years of higher interest rates and the last few months of tariff concerns. 
As a result, KKR’s private credit commercial loan business is booming, KKR Real Estate Credit’s Matt Salem, Joel Traut and Patrick Mattson wrote in a note Tuesday.
Private credit loans can bring in annual returns of around 12%…