Third Quarter Net Income of $0.16 Per Share

Normalized FFO of $0.54 Per Share for the Third Quarter

Same Property Occupancy was 95.2% at Third Quarter End, Up 140 Basis Points Year Over Year

Completed 136,466 Square Feet of Leasing for a 2.0% Increase in Rents

NEWTON, Mass.--(BUSINESS WIRE)-- Government Properties Income Trust (Nasdaq: GOV) today announced its financial results for the quarter and nine months ended September 30, 2016.

David Blackman, President and Chief Operating Officer of GOV, made the following statement:

"We continue to remain focused on leasing our properties and managing our growth with quality property acquisitions. During the quarter, we completed 136,466 square feet of leases for rents that were 2.0% higher than previous rents for the same space, and we increased consolidated occupancy by 150 basis points year over year to 95.0% at quarter end. We also entered an agreement to acquire a 100% government occupied property for $13.2 million."

Results for the Quarter Ended September 30, 2016:

Net income determined in accordance with U.S. generally accepted accounting principles, or GAAP, was $11.6 million, or $0.16 per diluted share, for the quarter ended September 30, 2016, and $16.9 million, or $0.24 per diluted share, for the quarter ended September 30, 2015. The weighted average number of diluted common shares outstanding was 71.1 million for the quarter ended September 30, 2016, and 71.0 million for the quarter ended September 30, 2015.

Normalized funds from operations, or Normalized FFO, for the quarter ended September 30, 2016 were $38.6 million, or $0.54 per diluted share, compared to Normalized FFO for the quarter ended September 30, 2015 of $41.9 million, or $0.59 per diluted share.

Reconciliations of net income determined in accordance with GAAP to funds from operations, or FFO, and Normalized FFO for the quarters ended September 30, 2016 and 2015 appear later in this press release.

Results for the Nine Months Ended September 30, 2016:

Net income determined in accordance with GAAP was $45.8 million, or $0.64 per diluted share, for the nine months ended September 30, 2016, compared to a net loss of $207.6 million, or $2.94 per diluted share, for the nine months ended September 30, 2015. The net loss for the nine months ended September 30, 2015 included non-cash losses on impairment and equity issuances by an investee totaling $245.4 million, or $3.48 per diluted share. The weighted average number of diluted common shares outstanding was 71.1 million for the nine months ended September 30, 2016, and 70.6 million for the nine months ended September 30, 2015.

Normalized FFO for the nine months ended September 30, 2016 were $126.3 million, or $1.78 per diluted share, compared to Normalized FFO for the nine months ended September 30, 2015 of $125.1 million, or $1.77 per diluted share.

Reconciliations of net income (loss) determined in accordance with GAAP to FFO and Normalized FFO for the nine months ended September 30, 2016 and 2015 appear later in this press release.

Leasing, Occupancy and Same Property Results:

During the quarter ended September 30, 2016, GOV entered into new and renewal leases for 136,466 rentable square feet at weighted (by rentable square feet) average rents that were 2.0% above prior rents for the same space. The weighted average (by rentable square feet) lease term for leases entered into during the quarter ended September 30, 2016 was 6.8 years. Leasing capital commitments for new and renewal leases entered into during the quarter ended September 30, 2016 were $3.4 million, or $3.71 per square foot, per weighted average lease year.

As of September 30, 2016, 95.0% of GOV’s rentable square feet at properties classified as continuing operations was leased. This compares with 94.2% as of June 30, 2016 and 93.5% as of September 30, 2015. Occupancy for properties classified as continuing operations and owned continuously since July 1, 2015, or same properties, was 95.2% as of September 30, 2016, which compares with 94.4% as of June 30, 2016 and 93.8% as of September 30, 2015. Same properties cash basis net operating income, or Cash Basis NOI, decreased 2.7% for the quarter ended September 30, 2016 compared to the same period in 2015.

Reconciliations of net income determined in accordance with GAAP to net operating income, or NOI, and to Cash Basis NOI for the quarters ended September 30, 2016 and 2015 appear later in this press release.

Recent Acquisition Activities:

In July 2016, GOV entered an agreement to acquire an office property (one building) located in Manassas, VA with 69,374 rentable square feet for a purchase price of $13.2 million, excluding acquisition costs. This property is 100% leased to Prince William County.

In August 2016, GOV entered an agreement to acquire transferable development rights that would allow GOV to expand a property it owns in Washington, D.C. for a purchase price of $2.0 million, excluding acquisition costs.

Recent Disposition Activities:

As previously disclosed, GOV entered an agreement to sell an office property (one building) located in Falls Church, VA with 164,746 rentable square feet and a net book value of $12.3 million at September 30, 2016. The contract sales price is $13.0 million, excluding closing costs. This sale is subject to conditions, including the purchaser obtaining certain zoning entitlements, and is currently expected to occur in the first quarter of 2017.

In July 2016, GOV sold a previously disclosed office property (one building) located in Savannah, GA with 35,228 rentable square feet and a net book value of $3.0 million, for $4.0 million, excluding closing costs. In connection with this sale, GOV provided $3.6 million of mortgage financing to the buyer.

Conference Call:

On Thursday, October 27, 2016, at 11:00 a.m. Eastern Time, President and Chief Operating Officer, David Blackman, and Chief Financial Officer and Treasurer, Mark Kleifges, will host a conference call to discuss GOV’s third quarter 2016 results.

The conference call telephone number is (877) 328-1172. Participants calling from outside the United States and Canada should dial (412) 317-5418. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through 5:00 p.m. Eastern Time on Thursday, November 3, 2016. To hear the replay, dial (412) 317-0088. The replay pass code is 10092980. A live audio webcast of the conference call will also be available in a listen only mode on GOV’s website, at www.govreit.com. Participants wanting to access the webcast should visit GOV’s website about five minutes before the call. The archived webcast will be available for replay on GOV’s website following the call for about one week. The transcription, recording and retransmission in any way of GOV’s third quarter conference call are strictly prohibited without the prior written consent of GOV.

Supplemental Data:

A copy of GOV’s Third Quarter 2016 Supplemental Operating and Financial Data is available for download at GOV’s website, www.govreit.com. GOV’s website is not incorporated as part of this press release.

GOV is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States that are majority leased to the U.S. Government and other government tenants. GOV is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

Please see the pages attached to this news release for a more detailed statement of GOV’s operating results and financial condition and for an explanation of GOV’s calculation of FFO, Normalized FFO, NOI and Cash Basis NOI.

WARNING CONCERNING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS STATEMENTS THAT CONSTITUTE FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. ALSO, WHENEVER GOV USES WORDS SUCH AS “BELIEVE”, “EXPECT”, “ANTICIPATE”, “INTEND”, “PLAN”, “ESTIMATE”, “WILL”, “MAY” AND NEGATIVES OR DERIVATIVES OF THESE OR SIMILAR EXPRESSIONS, GOV IS MAKING FORWARD LOOKING STATEMENTS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON GOV’S PRESENT INTENT, BELIEFS OR EXPECTATIONS, BUT FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTAINED IN OR IMPLIED BY GOV’S FORWARD LOOKING STATEMENTS AS A RESULT OF VARIOUS FACTORS. FOR EXAMPLE:

• MR. BLACKMAN'S STATEMENTS REGARDING GOV'S QUARTERLY LEASING ACTIVITY AND IMPROVED OCCUPANCY MAY IMPLY THAT THESE MEASURES MAY CONTINUE TO INCREASE. HOWEVER, THERE CAN BE NO ASSURANCE THAT GOV'S OCCUPANCY WILL INCREASE IN THE FUTURE OR REMAIN AT CURRENT LEVELS OR THAT FUTURE LEASING ACTIVITY WILL RESULT IN A HIGHER RENTAL RATES THAN PREVIOUS LEASES FOR THE SAME SPACE. IN FACT, GOV'S FUTURE PROPERTY OCCUPANCIES MAY DECREASE AND ANY FUTURE LEASING ACTIVITY MAY YIELD LOWER RENTAL RATES THAN PREVIOUS LEASES FOR THE SAME SPACE.
• GOV HAS ENTERED INTO AGREEMENTS TO ACQUIRE ONE PROPERTY AND CERTAIN TRANSFERABLE DEVELOPMENT RIGHTS. THESE TRANSACTIONS ARE SUBJECT TO CONDITIONS. THESE CONDITIONS MAY NOT BE MET AND THESE TRANSACTIONS MAY NOT OCCUR, MAY BE DELAYED OR THE TERMS MAY CHANGE.
• GOV HAS ENTERED INTO AN AGREEMENT TO SELL ONE PROPERTY. THIS TRANSACTION IS SUBJECT TO CONDITIONS. AS A RESULT, THIS TRANSACTION MAY NOT OCCUR, MAY BE DELAYED OR THE TERMS MAY CHANGE.

THE INFORMATION CONTAINED IN GOV’S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION, OR SEC, INCLUDING UNDER “RISK FACTORS” IN GOV’S PERIODIC REPORTS, OR INCORPORATED THEREIN, IDENTIFIES OTHER IMPORTANT FACTORS THAT COULD CAUSE GOV’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN OR IMPLIED BY GOV’S FORWARD LOOKING STATEMENTS. GOV’S FILINGS WITH THE SEC ARE AVAILABLE ON THE SEC’S WEBSITE AT WWW.SEC.GOV.

YOU SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.

EXCEPT AS REQUIRED BY LAW, GOV DOES NOT INTEND TO UPDATE OR CHANGE ANY FORWARD LOOKING STATEMENTS AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.

Government Properties Income Trust
Condensed Consolidated Statements of Income (Loss)
(amounts in thousands, except per share data)
(unaudited)
				Three Months Ended September 30,											Nine Months Ended September 30,
				2016						2015					2016						2015
Rental income				$	64,478					$	62,092				$	192,150					$	186,864
Expenses:
Real estate taxes					7,591						7,735					22,810						22,819
Utility expenses					5,483						5,194					13,330						13,788
Other operating expenses					13,854						12,281					40,031						36,659
Depreciation and amortization					18,404						17,161					54,713						51,675
Acquisition related costs					147						270					363						459
General and administrative					3,816						3,714					11,350						11,431
Total expenses					49,295						46,355					142,597						136,831
Operating income					15,183						15,737					49,553						50,033
Dividend income					304						—					667						—
Interest income					47						2					63						14
Interest expense (including net amortization of debt premiums and discounts
and debt issuance costs of $805, $360, $2,024, and $1,020, respectively)					(12,608		)				(9,137	)				(32,286		)				(27,894	)
Gain on early extinguishment of debt					—						34					104						34
Gain (loss) on issuance of shares by Select Income REIT					72						(21	)				88						(42,145	)
Loss on impairment of Select Income REIT investment					—						—					—						(203,297	)
Income (loss) from continuing operations before income taxes and equity in earnings
of investees					2,998						6,615					18,189						(223,255	)
Income tax (expense) benefit					(13		)				13					(63		)				(49	)
Equity in earnings of investees					8,668						10,294					28,002						16,072
Income (loss) from continuing operations					11,653						16,922					46,128						(207,232	)
Loss from discontinued operations					(154		)				(11	)				(429		)				(390	)
Income (loss) before gain on sale of property					11,499						16,911					45,699						(207,622	)
Gain on sale of property					79						—					79						—
Net income (loss)				$	11,578					$	16,911				$	45,778					$	(207,622	)
Weighted average common shares outstanding (basic)					71,054						71,004					71,041						70,589
Weighted average common shares outstanding (diluted)					71,084						71,021					71,064						70,589
Per common share amounts (basic and diluted):
Income (loss) from continuing operations				$	0.16					$	0.24				$	0.65					$	(2.94	)
Loss from discontinued operations				$	—					$	—				$	(0.01		)			$	(0.01	)
Net income (loss)				$	0.16					$	0.24				$	0.64					$	(2.94	)

Government Properties Income Trust
Funds from Operations and Normalized Funds from Operations (1)
(amounts in thousands, except per share data)
(unaudited)
				Three Months Ended September 30,												Nine Months Ended September 30,
				2016						2015						2016						2015
Calculation of Funds from Operations (FFO) and Normalized FFO:
Net income (loss)				$	11,578					$	16,911					$	45,778					$	(207,622	)
Add: Depreciation and amortization					18,404						17,161						54,713						51,675
FFO attributable to SIR investment					17,264						17,780						53,609						43,961
Less: Equity in earnings of SIR					(8,655		)				(10,318		)				(27,895		)				(16,002	)
Gain on sale of property					(79		)				—						(79		)				—
FFO					38,512						41,534						126,126						(127,988	)
Add: Acquisition related costs					147						270						363						459
Loss on issuance of shares by SIR					—						21						—						42,145
Loss on impairment of SIR investment					—						—						—						203,297
Normalized FFO attributable to SIR investment					17,267						17,892						53,629						51,177
Less: FFO attributable to SIR investment					(17,264		)				(17,780		)				(53,609		)				(43,961	)
Gain on early extinguishment of debt					—						(34		)				(104		)				(34	)
Gain on issuance of shares by SIR					(72		)				—						(88		)				—
Normalized FFO				$	38,590					$	41,903					$	126,317					$	125,095
Weighted average common shares outstanding (basic)					71,054						71,004						71,041						70,589
Weighted average common shares outstanding (diluted)					71,084						71,021						71,064						70,589
Per common share amounts (basic and diluted):
FFO				$	0.54					$	0.58					$	1.78					$	(1.81	)
Normalized FFO				$	0.54					$	0.59					$	1.78					$	1.77

(1) GOV calculates FFO and Normalized FFO as shown above. FFO is calculated on the basis defined by The National Association of Real Estate Investment Trusts, or NAREIT, which is net income (loss), calculated in accordance with GAAP, plus real estate depreciation and amortization and the difference between FFO attributable to an equity investment and equity in earnings of an equity investee but excluding impairment charges on real estate assets, any gain or loss on sale of properties, as well as certain other adjustments currently not applicable to GOV. GOV's calculation of Normalized FFO differs from NAREIT's definition of FFO because GOV includes the difference between FFO and Normalized FFO attributable to GOV’s equity investment in Select Income REIT, or SIR, GOV includes business management incentive fees, if any, only in the fourth quarter versus the quarter when they are recognized as expense in accordance with GAAP due to their quarterly volatility not necessarily being indicative of GOV’s core operating performance and the uncertainty as to whether any such business management incentive fees will ultimately be payable when all contingencies for determining any such fees are determined at the end of the calendar year and GOV excludes acquisition related costs, gains or losses on early extinguishment of debt, loss on impairment of SIR investment and gains or losses on issuance of shares by SIR. GOV considers FFO and Normalized FFO to be appropriate supplemental measures of operating performance for a REIT, along with net income (loss) and operating income. GOV believes that FFO and Normalized FFO provide useful information to investors because by excluding the effects of certain historical amounts, such as depreciation expense, FFO and Normalized FFO may facilitate a comparison of GOV's operating performance between periods and with other REITs. FFO and Normalized FFO are among the factors considered by GOV's Board of Trustees when determining the amount of distributions to its shareholders. Other factors include, but are not limited to, requirements to maintain GOV's qualification for taxation as a REIT, limitations in GOV’s credit agreement and public debt covenants, the availability to GOV of debt and equity capital, GOV's expectation of its future capital requirements and operating performance, GOV’s receipt of distributions from SIR and GOV’S expected needs and availability of cash to pay its obligations. FFO and Normalized FFO do not represent cash generated by operating activities in accordance with GAAP and should not be considered as alternatives to net income (loss) or operating income as an indicator of GOV's operating performance or as a measure of GOV’s liquidity. These measures should be considered in conjunction with net income (loss) and operating income as presented in GOV's Condensed Consolidated Statements of Income (Loss). Other REITs and real estate companies may calculate FFO and Normalized FFO differently than GOV does.

Government Properties Income Trust
Calculation and Reconciliation of Property Net Operating Income (NOI) and Cash Basis NOI (1)
(amounts in thousands)
(unaudited)
				Three Months Ended September 30,												Nine Months Ended September 30,
				2016						2015						2016						2015
Calculation of NOI and Cash Basis NOI (2):
Rental income				$	64,478					$	62,092					$	192,150					$	186,864
Property operating expenses					(26,928		)				(25,210		)				(76,171		)				(73,266	)
Property net operating income (NOI)					37,550						36,882						115,979						113,598
Non-cash straight line rent adjustments included in rental income (3)					(1,205		)				(613		)				(1,789		)				(2,820	)
Lease value amortization included in rental income (3)					370						298						1,103						862
Non-cash amortization included in property operating expenses (4)					(121		)				(125		)				(363		)				(125	)
Cash Basis NOI				$	36,594					$	36,442					$	114,930					$	111,515
Reconciliation of NOI and Cash Basis NOI to Net Income (Loss):
Cash Basis NOI				$	36,594					$	36,442					$	114,930					$	111,515
Non-cash straight line rent adjustments included in rental income (3)					1,205						613						1,789						2,820
Lease value amortization included in rental income (3)					(370		)				(298		)				(1,103		)				(862	)
Non-cash amortization included in property operating expenses (4)					121						125						363						125
NOI					37,550						36,882						115,979						113,598
Depreciation and amortization					(18,404		)				(17,161		)				(54,713		)				(51,675	)
Acquisition related costs					(147		)				(270		)				(363		)				(459	)
General and administrative					(3,816		)				(3,714		)				(11,350		)				(11,431	)
Operating income					15,183						15,737						49,553						50,033
Dividend income					304						—						667						—
Interest income					47						2						63						14
Interest expense					(12,608		)				(9,137		)				(32,286		)				(27,894	)
Gain on early extinguishment of debt					—						34						104						34
Gain (loss) on issuance of shares by SIR					72						(21		)				88						(42,145	)
Loss on impairment of SIR investment					—						—						—						(203,297	)
Income tax (expense) benefit					(13		)				13						(63		)				(49	)
Equity in earnings of investees					8,668						10,294						28,002						16,072
Income (loss) from continuing operations					11,653						16,922						46,128						(207,232	)
Loss from discontinued operations					(154		)				(11		)				(429		)				(390	)
Income (loss) before gain on sale of property					11,499						16,911						45,699						(207,622	)
Gain on sale of property					79						—						79						—
Net income (loss)				$	11,578					$	16,911					$	45,778					$	(207,622	)
Reconciliation of NOI to Same Property NOI (5):
Rental income				$	64,478					$	62,092					$	192,150					$	186,864
Property operating expenses					(26,928		)				(25,210		)				(76,171		)				(73,266	)
Property NOI					37,550						36,882						115,979						113,598
Less: NOI of properties not included in same property results					(1,182		)				38						(3,364		)				(970	)
Same property NOI				$	36,368					$	36,920					$	112,615					$	112,628
Calculation of Same Property Cash Basis NOI (5)(6):
Same property NOI				$	36,368					$	36,920					$	112,615					$	112,628
Plus: Lease value amortization included in rental income (3)					380						298						1,112						862
Less: Non-cash straight line rent adjustments included in rental income (3)					(1,143		)				(612		)				(1,612		)				(2,909	)
Non-cash amortization included in property operating expenses (4)					(121		)				(121		)				(363		)				(121	)
Same property Cash Basis NOI				$	35,484					$	36,485					$	111,752					$	110,460

(1) GOV calculates NOI and Cash Basis NOI as shown above. The calculations of NOI and Cash Basis NOI exclude certain components of net income (loss) in order to provide results that are more closely related to GOV’s property level results of operations. GOV defines NOI as income from its rental of real estate less its property operating expenses. NOI excludes amortization of capitalized tenant improvement costs and leasing commissions because GOV records those amounts as depreciation and amortization. GOV defines Cash Basis NOI as NOI excluding non-cash straight line rent adjustments, lease value amortization and non-cash amortization included in other operating expenses. GOV considers NOI and Cash Basis NOI to be appropriate supplemental measures to net income (loss) because they may help both investors and management to understand the operations of GOV’s properties. GOV uses NOI and Cash Basis NOI to evaluate individual and company wide property level performance, and GOV believes that NOI and Cash Basis NOI provide useful information to investors regarding GOV’s results of operations because they reflect only those income and expense items that are generated and incurred at the property level and may facilitate comparisons of GOV’s operating performance between periods and with other REITs. NOI and Cash Basis NOI do not represent cash generated by operating activities in accordance with GAAP and should not be considered as alternatives to net income (loss) or operating income as an indicator of our operating performance or as a measure of GOV’s liquidity. These measures should be considered in conjunction with net income (loss) and operating income as presented in GOV’s Condensed Consolidated Statements of Income (Loss). Other REITs and real estate companies may calculate NOI and Cash Basis NOI differently than GOV does.

(2) Excludes one property (one building) classified as discontinued operations.

(3) GOV reports rental income on a straight line basis over the terms of the respective leases; as a result, rental income includes non-cash straight line rent adjustments. Rental income also includes expense reimbursements, tax escalations, parking revenues, service income and other fixed and variable charges paid to GOV by its tenants, as well as the net effect of non-cash amortization of intangible lease assets and liabilities.

(4) GOV recorded a liability for the amount by which the estimated fair value for accounting purposes exceeded the price GOV paid for its investment in RMR common stock in June 2015. A portion of this liability is being amortized on a straight line basis through December 31, 2035 as a reduction to property management fees, which are included in property operating expenses.

(5) For the three months ended September 30, 2016, same property NOI and same property Cash Basis NOI are based on properties GOV owned as of September 30, 2016, and which it owned continuously since July 1, 2015, excluding one property (one building) classified as discontinued operations.

(6) For the nine months ended September 30, 2016, same property NOI and same property Cash Basis NOI are based on properties GOV owned as of September 30, 2016, and which it owned continuously since January 1, 2015, excluding one property (one building) classified as discontinued operations.

Government Properties Income Trust
Condensed Consolidated Balance Sheets
(amounts in thousands, except share data)
(unaudited)
			September 30,						December 31,
			2016						2015
ASSETS
Real estate properties:
Land			$	259,416					$	253,058
Buildings and improvements				1,528,585						1,443,074
Total real estate properties, gross				1,788,001						1,696,132
Accumulated depreciation				(285,974		)				(255,879	)
Total real estate properties, net				1,502,027						1,440,253
Equity investment in Select Income REIT				491,973						491,369
Assets of discontinued operations				12,490						12,468
Assets of property held for sale				—						3,098
Acquired real estate leases, net				105,499						118,267
Cash and cash equivalents				13,749						8,785
Restricted cash				514						1,022
Rents receivable, net				49,350						45,269
Deferred leasing costs, net				20,012						14,299
Other assets, net				69,456						33,680
Total assets			$	2,265,070					$	2,168,510
LIABILITIES AND SHAREHOLDERS' EQUITY
Unsecured revolving credit facility			$	25,000					$	117,000
Unsecured term loans, net				547,000						546,490
Senior unsecured notes, net				646,551						345,809
Mortgage notes payable, net				28,250						136,299
Liabilities of discontinued operations				61						54
Liabilities of property held for sale				—						43
Accounts payable and other liabilities				52,237						50,543
Due to related persons				3,974						2,886
Assumed real estate lease obligations, net				11,257						12,735
Total liabilities				1,314,330						1,211,859
Commitments and contingencies
Shareholders' equity:
Common shares of beneficial interest, $0.01 par value:
100,000,000 shares authorized, 71,178,999 and
71,126,308 issued and outstanding, respectively				712						711
Additional paid in capital				1,473,557						1,472,482
Cumulative net income				84,264						38,486
Cumulative other comprehensive income (loss)				24,127						(14,867	)
Cumulative common distributions				(631,920		)				(540,161	)
Total shareholders' equity				950,740						956,651
Total liabilities and shareholders' equity			$	2,265,070					$	2,168,510

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

View source version on businesswire.com: http://www.businesswire.com/news/home/20161027005469/en/

Source: Government Properties Income Trust