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词条 First Potomac Realty Trust
释义

  1. History

  2. References

{{Infobox company
| name = First Potomac Realty Trust
| logo = FirstPotomacLogo.png
| industry = Real estate investment trust
| fate = Acquired by Government Properties Income Trust
| founded = {{start date and age|1997}}
| founder = Douglas J. Donatelli
Nicholas R. Smith
| defunct = {{end date and age|2017|10|02}}
| location = Bethesda, Maryland
| key_people = {{nowrap| Terry L. Stevens, Chairman
Robert Milkovich, President & CEO
Andrew P. Blocher, CFO}}
| revenue = $0.160 billion (2016)
| net_income = $0.009 billion (2016)
| assets = $1.260 billion (2016)
| equity = $0.436 billion (2016)
| num_employees = 120 (2016)
| footnotes = [1]
}}

First Potomac Realty Trust was a real estate investment trust that invested in industrial properties and business parks in the suburbs of the Washington metropolitan area. In 2017, it was acquired by Government Properties Income Trust.

As of December 31, 2016, the company wholly owned properties totaling 6.7 million square feet and owned an additional 0.9 million square feet via joint ventures. The company's largest tenant was the federal government of the United States, which accounted for 16% of rents in 2016.[1]

History

The company was founded in 1997 by Douglas J. Donatelli and Nicholas R. Smith.[2]

In October 2003, the company became a public company via an initial public offering, raising $112.5 million.[3][1]

In 2010, the company acquired 440 First St NW for $15.3 million and 1211 Connecticut Ave for $49.5 million.[4]

In June 2013, the company sold the majority of its industrial portfolio to an affiliate of The Blackstone Group for $241.5 million.[5]

In March 2015, the company sold its properties in Richmond, Virginia for $60 million.[6][7]

In November 2015, Robert Milkovich was appointed chief executive officer of the company and founders Douglas J. Donatelli and Nicholas R. Smith resigned from the company.[2][8]

In March 2016, the company sold 26 buildings in Northern Virginia for net proceeds of $90.5 million.[9]

In October 2017, the company was acquired by Government Properties Income Trust.[10]

References

1. ^{{cite web | url=https://www.sec.gov/Archives/edgar/data/1254595/000125459517000014/fpo201610-k.htm | title=First Potomac Realty Trust 2017 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission}}
2. ^{{cite press release | url=https://www.prnewswire.com/news-releases/first-potomac-appoints-robert-milkovich-chief-executive-officer-300174669.html | title=First Potomac Appoints Robert Milkovich Chief Executive Officer | publisher=PR Newswire | date=November 9, 2015}}
3. ^{{cite web | url=http://www.nasdaq.com/markets/ipos/company/first-potomac-realty-trust-418780-34604 | title=FIRST POTOMAC REALTY TRUST (FPO) IPO | publisher=NASDAQ}}
4. ^{{cite news | url=https://www.bizjournals.com/washington/news/2011/01/04/first-potomac-buys-440-first-street.html | title=First Potomac buys 440 First St. NW for $15.3M | first=Tucker | last=Echols | work=American City Business Journals | date=January 4, 2011}}
5. ^{{cite press release | url=https://www.prnewswire.com/news-releases/first-potomac-realty-trust-completes-sale-of-industrial-portfolio-for-259-million-212032531.html | title=First Potomac Realty Trust Completes Sale Of Industrial Portfolio For $259 Million | publisher=PR Newswire | date=June 18, 2013}}
6. ^{{cite press release | url=https://www.prnewswire.com/news-releases/first-potomac-realty-trust-sells-richmond-virginia-portfolio-300053339.html | title=First Potomac Realty Trust Sells Richmond, Virginia Portfolio | publisher=PR Newswire | date=March 19, 2015}}
7. ^{{cite news | url=https://www.richmond.com/business/local/first-potomac-sells-richmond-portfolio-for-million/article_1905d0ae-d2db-11e4-88f1-3f2889b234e4.html | title=First Potomac sells Richmond portfolio for $60 million | work=Richmond Times-Dispatch | date=March 25, 2015}}
8. ^{{cite news | url=https://www.bizjournals.com/washington/breaking_ground/2015/11/changes-at-the-top-for-first-potomac-realty-trust.html | title=Donatelli out, Milkovich in as CEO of First Potomac Realty Trust | first=Daniel J. | last=Sernovitz | work=American City Business Journals | date=November 9, 2015}}
9. ^{{cite press release | url=https://www.prnewswire.com/news-releases/first-potomac-realty-trust-sells-northern-virginia-non-core-portfolio-300241684.html | title=First Potomac Realty Trust Sells Northern Virginia Non-Core Portfolio | publisher=PR Newswire | date=March 28, 2016}}
10. ^{{cite press release | url=http://www.businesswire.com/news/home/20171002006447/en/Government-Properties-Income-Trust-Completes-Acquisition-Potomac | title=Government Properties Income Trust Completes Acquisition of First Potomac Realty Trust | publisher=Business Wire | date=October 2, 2017}}

3 : 1997 establishments in Maryland|Companies established in 1997|Defunct real estate companies of the United States

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