HC Government Realty Trust Inc., a Regulation A real estate investment trust that invests in federally leased properties, has appointed John Braswell as chief operating officer and Philip Perry as president.
These appointments correspond with the REIT’s expansion into pursuing the development of built-to-suit and renovate-to-suit properties for the U.S. Government.
“The addition of John and Philip to [HC Government Realty Trust] team adds over 30 years of combined experience across all facets of GSA real estate to the…platform,” said Steve Hale, chairman and chief executive officer. “John and Philip bring a competitive advantage in directly procuring and developing the federal government assets possessing the specific attributes [HC Government Realty Trust] desires.”
According to his LinkedIn page, Braswell has 29 years of experience in the entitlement, development, management, and design build aspects of Class A government space and high security facilities. Since 1999, he has reportedly developed more than 40 office projects in 13 southern states encompassing approximately 1 million square feet of space.
Prior to joining the REIT, Braswell spent more than 12 years as senior vice president at Rooker Co., a full-service real estate development and construction management firm specializing in industrial and government sectors. Before that, he owned Braswell & Associates in Dothan, Alabama.
Perry spent seven years as vice president of real estate development at Rooker prior to joining HC Government Realty Trust, according to his LinkedIn page. He previously served as managing director at Savills North America, then known as Studley, and was responsible for all General Services Administration transactions within the Sunbelt region.
He holds a bachelor’s degree in management and accounting, as well as an MBA in accounting, from Georgia Tech Scheller College of Business. He is a licensed certified public accountant.
HC Government Realty Trust’s real estate portfolio currently includes 27 properties totaling approximately 508,000 rentable square feet across 12 federal agencies located in 18 states.
HC Government Realty Trust, Inc. was formed in 2016 with the purpose of acquiring and operating General Services Administration properties, which are full-faith credit obligations of the U.S. Government.
The REIT claims that GSA-leased real estate asset classes typically possess a stable tenant base, long-term lease structures, and low risk of tenant turnover. The company’s portfolio consists of U.S. government tenant agencies, including the Drug Enforcement Administration, the Federal Bureau of Investigation, the Social Security Administration and the Department of Transportation.