Easterly Government Properties Inc.
DEA
Real Estate
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Easterly REIT actively leases and profits from multiple properties to ICE featuring detention cells, crash-barrier fencing, and sally ports for immigration enforcement operations
Easterly Government Properties is a real estate investment trust (REIT) whose core business strategy is to acquire, develop, and lease properties to the U.S. government, with a stated focus on “mission-critical” federal tenants. According to its 2024 Annual Report, the company’s portfolio is 99.9% leased to the U.S. government, with a significant concentration of tenants from the national security and defense sectors. Key tenants include the Federal Bureau of Investigation (FBI), the Department of Homeland Security (DHS), and the Drug Enforcement Administration (DEA). The company’s specialized business model—developing and leasing properties explicitly for these defense and security agencies—constitutes a material service to the military and national security apparatus. This goes beyond incidental leasing; the company’s marketing and investment strategy is built around serving as a landlord for the physical infrastructure of the national security state.
Research Sources
2 organizations
Related Exclusions
Wondering what we do invest in?
The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.