HC Government Realty Trust Inc., a Regulation A REIT that invests in federally-leased properties, has purchased a Federal Bureau of Investigations resident agency office in Champaign, Illinois for approximately $3.5 million.
The single-tenant office building totals approximately 11,180 square feet and was developed to meet the specific requirements of the FBI. The property leased under a 15-year commitment ending in April 2033.
HC Government Realty Trust acquires and operates built-to-suit properties leased to the United States of America “that fulfill mission-critical or direct citizen service functions” primarily located across secondary or smaller markets.
HC Government Realty Trust was formed in 2016 and oversees a portfolio of 15 single-tenant properties occupied by federal agencies, including the Drug Enforcement Administration, the Federal Bureau of Investigation, the Social Security Administration, and the Department of Transportation. The company is externally managed and advised by Holmwood Capital Advisors LLC and raised $7.8 million in investor equity as of April 27, 2018, according to a filing with the Securities and Exchange Commission.