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Government Properties Income Trust Announces Lease Renewal with IRS in Fresno, CA

12/01/2011
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NEWTON, Mass.--(BUSINESS WIRE)-- Government Properties Income Trust (NYSE: GOV) today announced that it has executed a 10 year lease renewal with the U.S. Government for a 531,976 square foot building located in Fresno, CA which is occupied by the Internal Revenue Service (IRS). The new lease is effective today, December 1, 2011, and requires rent of approximately $8.4 million per year. The new rent represents a modest reduction from the rent previously paid; however, the new lease does not include any landlord concessions, such as a deferred rent period or an upfront landlord capital contribution, and does not provide an early lease termination right by the tenant prior to the lease expiration on November 30, 2021.

Government Properties Income Trust is a real estate investment trust, or REIT, which owns properties leased primarily to the U.S. Government and state governments located throughout the United States. As of September 30, 2011, GOV owned approximately $1.3 billion of office properties with approximately 8.3 million square feet located in 27 states and Washington, D.C. GOV is headquartered in Newton, Massachusetts.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the New York Stock Exchange.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

Government Properties Income Trust
Timothy A. Bonang, 617-219-1410
Vice President, Investor Relations
or
Elisabeth A. Heiss, 617-219-1410
Manager, Investor Relations
www.govreit.com

Source: Government Properties Income Trust

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