Easterly Government Properties (DEA) 10-K 2 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Feb. 27, 2017	Jun. 30, 2016
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	dea
Entity Registrant Name	Easterly Government Properties, Inc.
Entity Central Index Key	1,622,194
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		36,874,810
Entity Public Float			$ 645.3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets
Real estate properties, net	$ 901,066	$ 772,007
Cash and cash equivalents	4,845	8,176
Restricted cash	1,646	1,736
Deposits on acquisitions	1,750
Rents receivable	8,544	6,347
Accounts receivable	5,823	2,920
Deferred financing, net	2,787	2,767
Intangible assets, net	113,795	116,585
Interest rate swaps	3,785
Prepaid expenses and other assets	1,422	1,509
Total assets	1,045,463	912,047
Liabilities
Revolving credit facility	212,167	154,417
Mortgage notes payable, net	80,806	83,785
Intangible liabilities, net	41,840	44,605
Accounts payable and accrued liabilities	13,784	9,346
Total liabilities	348,597	292,153
Commitments and contingencies (Note 10)
Equity
Common stock, par value $0.01, 200,000,000 shares authorized, 36,874,810 and 24,168,379 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively	369	241
Additional paid-in capital	596,971	391,767
Retained earnings (deficit)	1,721	(1,694)
Cumulative dividends	(42,794)	(13,051)
Accumulated other comprehensive income	3,038
Total stockholders' equity	559,305	377,263
Non-controlling interest in Operating Partnership	137,561	242,631
Total equity	696,866	619,894
Total liabilities and equity	$ 1,045,463	$ 912,047

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Statement Of Financial Position [Abstract]
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	200,000,000	200,000,000
Common Stock, shares issued	36,874,810	24,168,379
Common Stock, shares outstanding	36,874,810	24,168,379

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues
Rental income	$ 93,364	$ 64,942
Tenant reimbursements	10,647	6,233
Other income	607	203
Income from real estate investments			$ 6,324
Total revenues	104,618	71,378	6,324
Operating expenses
Property operating	21,078	13,340
Real estate taxes	9,896	6,983
Depreciation and amortization	46,643	33,561
Acquisition costs	1,798	2,887
Formation expenses		1,666
Corporate general and administrative	12,289	8,817	9,117
Fund general and administrative		75	819
Total expenses	91,704	67,329	9,936
Operating income	12,914	4,049	(3,612)
Other (expenses) / income
Interest expense, net	(8,177)	(4,972)
Net realized gain on investments			40
Net unrealized gain (loss) on investments		(5,122)	71,357
Net income (loss)	4,737	(6,045)	67,785
Non-controlling interest in Operating Partnership	(1,322)	4,351
Net income (loss) available to Easterly Government Properties, Inc.	$ 3,415	$ (1,694)	2,396
Net income (loss) available to Easterly Government Properties, Inc. per share:
Basic	$ 0.11	$ (0.08)
Diluted	$ 0.10	$ (0.08)
Weighted- average common shares outstanding
Basic	30,645,279	21,430,016
Diluted	32,372,538	21,430,016
Easterly Partners, LLC [Member]
Other (expenses) / income
Non-controlling interest in Operating Partnership			$ (65,389)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net income (loss)	$ 4,737	$ (6,045)	$ 67,785
Other comprehensive income:
Unrealized gain on interest rate swaps	3,785
Other comprehensive income	3,785
Comprehensive income (loss)	8,522	(6,045)	67,785
Non-controlling interest in predecessor and Operating Partnership	(1,322)	4,351
Other comprehensive income attributable to non-controlling interest	(747)
Comprehensive income (loss) attributable to Easterly Government Properties, Inc.	$ 6,453	$ (1,694)	2,396
Easterly Partners, LLC [Member]
Other comprehensive income:
Non-controlling interest in predecessor and Operating Partnership			$ (65,389)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders Equity - USD ($) $ in Thousands	Total	Common Stock Par Value [Member]	Additional Paid-in Capital [Member]	Retained Earnings (Deficit) [Member]	Cumulative Dividends [Member]	Accumulated Other Comprehensive Income [Member]	Non-controlling Interest in Operating Partnership [Member]	Member Capital / (Deficit) [Member]	Non-controlling Interests [Member]
Beginning balance at Dec. 31, 2013	$ 176,684							$ (1,844)	$ 178,528
Contributions from members/partners	65,247							105	65,142
Distributions to members/partners	(14,635)							(28)	(14,607)
Dividend on preferred stock	(31)								(31)
Members’ capital	2,133							2,133
Carried interest								10,574	(10,574)
Purchase/Issuance of common stock	1		$ 1
Purchase/Issuance of common stock (in shares)		1,000
Net increase in capital resulting from operations	67,785							2,396	65,389
Net income (loss)	67,785
Balance at Dec. 31, 2014	297,184		1					13,336	283,847
Balance (in shares) at Dec. 31, 2014		1,000
Contributions from members/partners	86,597						$ 86,597
Distributions to members/partners	(5,441)							(9)	(5,432)
Exchange of members' capital and non-controlling interests for OP units and shares		$ 33	67,312				194,530	(12,738)	(249,137)
Exchange of members' capital and non-controlling interests for OP units and shares (in shares)		3,308,000
Public Offering	191,583	$ 138	191,445
Public Offering (in shares)		13,800,000
Proceeds of private placement	75,638	$ 70	105,435					$ (589)	$ (29,278)
Proceeds of private placement (in shares)		7,033,712
Stock based compensation	1,867		292				1,575
Grant of unvested restricted stock (in shares)		26,667
Buyback of common stock and retirement	(1)		(1)
Buyback of common stock and retirement (in shares)		(1,000)
Dividends and distributions paid	(21,488)				$ (13,051)		(8,437)
Net income (loss)	(6,045)			$ (1,694)			(4,351)
Allocation of NCI in Operating Partnership			27,283				(27,283)
Balance at Dec. 31, 2015	619,894	$ 241	391,767	(1,694)	(13,051)		242,631
Balance (in shares) at Dec. 31, 2015		24,168,379
Stock based compensation	2,905		296				2,609
Grant of unvested restricted stock (in shares)		16,128
Dividends and distributions paid	(40,294)				(29,743)		(10,551)
Redemption of common units to common stock		$ 66	99,766				(99,832)
Redemption of common units to common stock (in shares)		6,471,258
Purchase/Issuance of common stock	105,839	$ 62	105,777
Purchase/Issuance of common stock (in shares)		6,219,045
Unrealized gain on interest rate swaps	3,785					$ 3,038	747
Net income (loss)	4,737			3,415			1,322
Allocation of NCI in Operating Partnership			(635)				635
Balance at Dec. 31, 2016	$ 696,866	$ 369	$ 596,971	$ 1,721	$ (42,794)	$ 3,038	$ 137,561
Balance (in shares) at Dec. 31, 2016		36,874,810

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities
Net income (loss)	$ 4,737	$ (6,045)	$ 67,785
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization	46,643	33,561
Straight line rent	(108)	(220)
Amortization of above- / below-market leases	(7,153)	(4,866)
Amortization of unearned revenue	(105)
Amortization of loan premium / discount	(85)	(81)
Amortization of deferred financing costs	899	756
Purchase of investments			(30,316)
Deposits for potential new investments			668
Contributions to investments		(257)	(508)
Distributions from investments			7,637
Net realized gain on investments			(40)
Net unrealized (gain) loss on investments		5,122	(71,357)
Non-cash compensation	2,905	1,867	1,768
Net change in:
Rents receivable	(1,902)	(4,868)
Accounts receivable	(2,903)	(331)
Prepaid expenses and other assets	87	(779)	630
Accounts payable and accrued liabilities	4,362	6,091	1,337
Net cash provided by (used in) operating activities	47,377	29,950	(22,396)
Cash flows from investing activities
Real estate acquisitions and deposits	(168,719)	(170,188)
Cash assumed in formation		6,187
Additions to operating properties	(1,298)	(453)
Additions to development properties	(264)
Restricted cash	90	(98)
Net cash (used in) investing activities	(170,191)	(164,552)
Cash flows from financing activities
Payment of deferred financing costs	(955)	(3,523)	(24)
Issuance of common shares	110,032	193,545	1
Repurchase of initial shares		(1)
Proceeds from private placement		75,638
Credit facility draws	87,250	184,917
Credit facility repayments	(29,500)	(30,500)
Borrowings on mortgage payable		15,700
Repayments of mortgage payable	(2,857)	(2,163)
Debt payoff		(293,381)
Dividends and distributions paid	(40,294)	(21,488)
Contributions			65,247
Distributions		(5,441)	(14,301)
Payment of offering costs	(4,193)	(1,962)	(453)
Net cash provided by financing activities	119,483	111,341	50,470
Net increase (decrease) in cash and cash equivalents	(3,331)	(23,261)	28,074
Cash and cash equivalents, beginning of year	8,176	31,437	3,363
Cash and cash equivalents, end of year	4,845	8,176	31,437
Supplemental disclosure of cash flow information is as follows (amounts in thousands):
Cash paid for interest	7,508	4,051
Deferred offering accrued, not paid			676
Financing costs accrued, not paid			$ 90
Unrealized gain on interest rate swaps	3,785
Contribution for shares and OPUs		260,687
Exchange of Common Units for Shares of Common Stock
Non-controlling interest in Operating Partnership	(99,832)
Common Stock	66
Additional paid-in capital	99,766
Western Devcon, Inc [Member]
Supplemental disclosure of cash flow information is as follows (amounts in thousands):
Contribution for shares and OPUs		86,597
Operating Properties [Member]
Supplemental disclosure of cash flow information is as follows (amounts in thousands):
Additions to properties	16	$ 26
Development Properties [Member]
Supplemental disclosure of cash flow information is as follows (amounts in thousands):
Additions to properties	$ 3

Organization and Basis of Prese

Organization and Basis of Presentation	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Organization and Basis of Presentation	1. Organization and Basis of Presentation Easterly Government Properties, Inc. (which may be referred to in these financial statements as the “Company,” “we,” “us,” or “our”) is a Maryland corporation that has elected to be taxed as a real estate investment trust (a “REIT”) under the Internal Revenue Code (the “Code”) commencing with its taxable year ended December 31, 2015. The operations of the Company are carried on primarily through Easterly Government Properties, LP (the “Operating Partnership”) and the wholly owned subsidiaries of the Operating Partnership. We are an internally managed REIT, focused primarily on the acquisition, development, and management of Class A commercial properties that are leased to U.S. Government agencies that serve essential functions. We generate substantially all of our revenue by leasing our properties to such agencies through the U.S. General Services Administration (the “GSA”). Our objective is to generate attractive risk-adjusted returns for our stockholders over the long term through dividends and capital appreciation. As of December 31, 2016, we wholly owned 43 operating properties in the United States, including 40 operating properties that were leased primarily to U.S. Government tenant agencies and three operating properties that were entirely leased to private tenants, encompassing approximately 3.1 million square feet in the aggregate. In addition, we wholly owned one property under development encompassing approximately 0.1 million square feet. We focus on acquiring, developing, and managing GSA-leased properties that are essential to supporting the mission of the tenant agency and strive to be a partner of choice for the U.S. Government, working closely with the GSA to meet the needs and objectives of the tenant agency. We were incorporated in Maryland as a corporation on October 9, 2014 and did not have any meaningful operations until the completion of the formation transactions and our initial public offering on February 11, 2015 (the “IPO”). On February 11, 2015, we completed an initial public offering of 13.8 million shares of our common stock at a price to the public of $15.00 per share, including 1.8 million shares sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters, resulting in gross proceeds of $207.0 million. The aggregate net proceeds to the Company after deducting underwriting discounts and commissions and offering expenses payable by the Company, was approximately $191.6 million. The Company contributed the net proceeds from the IPO to the Operating Partnership in exchange for common units representing limited partnership interests in the Operating Partnership (“common units”). In connection with the IPO, we engaged in certain formation transactions (the “formation transactions”) pursuant to which the Operating Partnership acquired (i) 15 properties previously owned by the Easterly Funds (as defined below) in exchange for 3,308,000 shares of common stock and 8,635,714 common units (ii) 14 properties previously owned by Western Devcon, Inc., a private real estate company and a series of related entities beneficially owned by Michael P. Ibe (collectively, “Western Devcon”), in exchange for 5,759,819 common units and (iii) all of the ownership interests in the management entities (as defined below) in exchange for 1,135,406 common units. Concurrent with the IPO, the Company sold an aggregate of 7,033,712 shares of its common stock to the Easterly Funds in a private placement at a price per share of $15.00 without payment of any underwriting fees, discounts or commissions. Our Operating Partnership used the net proceeds received from the offering, private placement and a portion of the borrowings under the senior unsecured revolving credit facility to repay approximately $293.4 million in outstanding indebtedness including applicable repayment costs, defeasance costs, settlement of interest rate swap liabilities and other costs and fees associated with such repayments. Our predecessor (the “Predecessor”) means Easterly Partners, LLC and its consolidated subsidiaries prior to the IPO and formation transactions, including (i) all entities or interests in U.S. Government Properties Income and Growth Fund L.P., U.S. Government Properties Income and Growth Fund REIT, Inc. and the related feeder and subsidiary entities (collectively, “Easterly Fund I,”) (ii) all entities or interests in U.S. Government Properties Income and Growth Fund II, LP, USGP II REIT LP, USGP II (Parallel) Fund, LP and their related feeders and subsidiary entities (collectively, “Easterly Fund II” and, together with Easterly Fund I, the “Easterly Funds”) and (iii) the entities that managed the Easterly Funds, (the “management entities”). After our initial public offering, we acquired seven additional operating properties in 2015 as well as seven operating properties and one development property in 2016. All of the Company’s assets and its operations are primarily conducted through the Operating Partnership. The Company is the sole general partner of the Operating Partnership. The Company owned 80.3% of the Operating Partnership’s common units at December 31, 2016. We believe that we have operated and have been organized in conformity with the requirements for qualification and taxation as a REIT for U.S federal income tax purposes commencing with our taxable year ended December 31, 2015. Principles of Consolidation The accompanying consolidated financial statements are presented on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and include the accounts of the Company, including Easterly Government Properties TRS, LLC and Easterly Government Services, LLC, and the Operating Partnership. All significant intercompany balances and transactions have been eliminated in consolidation. Upon completion of the IPO and the related formation transactions, the Company succeeded to the operations of the Predecessor. Prior to the IPO, the Predecessor was under the control of Darrell W. Crate, the Chairman of our board of directors. These financial statements reflect the consolidated equity ownership structure of the Company as if the IPO and the formation transactions related to the Easterly Funds and management entities had been completed as of January 1, 2014. The formation transactions related to the Easterly Funds and the management entities were accounted for at carryover basis due to the existence of common control. Prior to the IPO, the Easterly Funds, as controlled by the Predecessor, qualified as investment companies pursuant to ASC 946 Financial Services – Investment Companies Due to the timing of the IPO and the formation transactions, the Company’s results of operations for the year ended December 31, 2014 reflects the financial condition and results of operations of the Predecessor. The Company’s financial condition as of December 31, 2015 and results of operations for the year ended December 31, 2015 reflect the financial condition and results of operations of the Predecessor combined with the Company for the period prior to February 11, 2015, and the Company’s consolidated results for the period from February 11, 2015 through December 31, 2015.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies The preparation of the consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the balance sheet and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In light of the significant differences that exist between our basis of accounting subsequent to the IPO (historical cost accounting) and the pre-IPO basis of accounting (investment company accounting), we present the significant accounting policies for both periods below. a) Significant Accounting Policies for the Company post-IPO Real Estate Properties Real estate properties comprise all tangible assets we hold for rent or development. Real property is recognized at cost less accumulated depreciation. Acquisition costs related to business combinations, including third party transaction and direct internal costs are expensed as incurred. Third party costs related to asset acquisitions are capitalized. Development, re-development and certain costs directly related to the improvement of real properties are capitalized. Maintenance and repair expenses are charged to expense as incurred. When we acquire properties, we allocate the purchase price to numerous tangible and intangible components. Our process for determining the allocation to these components requires many estimates and assumptions, including the following: (1) determination of market rental rates; (2) estimation of leasing and tenant improvement costs associated with the remaining term of acquired leases; (3) assumptions used in determining the in-place lease and if-vacant value including the rental rates, period of time that it would take to lease vacant space and estimated tenant improvement and leasing costs; (4) renewal probabilities; and (5) allocation of the if-vacant value between land and building. A change in any of the above key assumptions can materially change not only the presentation of acquired properties in our consolidated financial statements but also our reported results of operations. The allocation to different components affects the following: • the amount of the purchase price allocated among different categories of assets and liabilities on our consolidated balance sheets; and the amount of costs assigned to individual properties in multiple property acquisitions; • where the amortization of the components appear over time in our consolidated statements of operations. Allocations to above- and below-market leases are amortized into rental revenue, whereas allocations to most of the other tangible and intangible assets are amortized into depreciation and amortization expense. As a REIT, this is important to us since much of the investment community evaluates our operating performance using non-GAAP measures such as funds from operations, the computation of which includes rental revenue but does not include depreciation and amortization expense; and • the timing over which the items are recognized as revenue or expense in our consolidated statements of operations. For example, for allocations to the as-if vacant value, the land portion is not depreciated and the building portion is depreciated over a longer period of time than the other components (generally 40 years). Allocations to above- and below-market leases and in-place lease value are amortized over significantly shorter timeframes, and if individual tenants’ leases are terminated early, any unamortized amounts remaining associated with those tenants are written off upon termination. These differences in timing can materially affect our reported results of operations. Tenant improvements are capitalized in real property when we own the improvement. When we are required to provide improvements under the terms of a lease, we need to determine whether the improvements constitute landlord assets or tenant assets. If the improvements are considered landlord assets, we capitalize the cost of the improvements and recognize depreciation expense associated with such improvements over the shorter of the useful life of the assets or the term of the lease and recognize any payments from the tenant as rental revenue over the term of the lease. If the improvements are considered tenant assets, we defer the cost of improvements funded by us as a lease incentive asset and amortize it as a reduction of rental revenue over the term of the lease. Our determination of whether improvements are landlord assets or tenant assets also may affect when we commence revenue recognition in connection with a lease. In determining whether improvements constitute landlord or tenant assets, we consider numerous factors that may require subjective or complex judgments, including: whether the improvements are unique to the tenant or reusable by other tenants; whether the tenant is permitted to alter or remove the improvements without our consent or without compensating us for any lost fair value; whether the ownership of the improvements remains with us or remains with the tenant at the end of the lease term; and whether the economic substance of the lease terms is properly reflected. We capitalize pre-development costs incurred in pursuit of new development opportunities for which we currently believe future development is probable. Additionally, we capitalize interest expense, real estate taxes and direct and indirect project costs (including related compensation and other indirect costs) associated with properties, or portions thereof, undergoing construction, development and redevelopment activities. In capitalizing interest expense, if there is a specific borrowing for the property undergoing construction, development and redevelopment activities, we apply the interest rate of that borrowing to the average accumulated expenditures that do not exceed such borrowing; for the portion of expenditures exceeding any such specific borrowing, we apply our weighted average interest rate on other borrowings to the expenditures. We continue to capitalize costs while construction, development or redevelopment activities are underway until the building is substantially complete and ready for its intended use. Depreciation of an asset begins when it is available for use and is calculated using the straight-line method over the estimated useful lives. Each period, depreciation is charged to expense and credited to the related accumulated depreciation account. A used asset acquired is depreciated over its estimated remaining useful life, not to exceed the life of a new asset. Range of useful lives for depreciable assets are as follows: Category Term Buildings 40 years Building improvements 5 - 40 years Tenant improvements Shorter of remaining life of the lease or useful life Furniture and equipment 3 - 7 years We regularly evaluate whether events or changes in circumstances have occurred that could indicate an impairment in the value of long lived assets. If there is an indication that the carrying value of an asset is not recoverable, we estimate the projected undiscounted cash flows to determine if an impairment loss should be recognized. We determine the amount of any impairment loss by comparing the historical carrying value to estimated fair value. We estimate fair value through an evaluation of recent financial performance and projected discounted cash flows using standard industry valuation techniques. In addition to consideration of impairment upon the events or changes in circumstances described above, we regularly evaluate the remaining lives of our long lived assets. If we change our estimate of the remaining lives, we allocate the carrying value of the affected assets over their revised remaining lives. Cash and Cash Equivalents Cash and cash equivalents include all cash and liquid investments that mature three months or less from when they are purchased. Cash equivalents are reported at cost, which approximates fair value. We maintain our cash in bank accounts in amounts that may exceed federally insured limits at times. We have not experienced any losses in these accounts and believe that we are not exposed to significant credit risk because our accounts are deposited with major financial institutions. Restricted Cash Restricted cash consists of amounts escrowed for future real estate taxes, insurance, capital expenditures and debt service, as required by certain of our mortgage debt agreements. Deferred Financing Costs Deferred financing fees include issuance costs related to borrowings and we amortize those costs over the terms of the related indebtedness. Any unamortized amounts upon early repayment of mortgage notes payable are written off in the period in which repayment occurs. Fully amortized deferred financing fees are removed from the books upon maturity or repayment of the underlying debt. As of December 31, 2016, we recognized $1.0 million in deferred financing costs associated with entering into our senior unsecured term loan facility (as defined below). As of December 31, 2015, we recognized $3.4 million in deferred financing costs associated with entering into a $400.0 million senior unsecured revolving credit facility (as defined below) upon completion of the IPO and $0.1 million in deferred financing costs associated with entering into a $15.7 million mortgage loan upon acquisition of DEA - Pleasanton. Additionally, for the year ended December 31, 2016 and 2015 we recognized $0.9 million and $0.8 million in accumulated amortization of these deferred financing costs, respectively. Interest Rate Swaps The Company’s primary objective in using interest rate derivatives are to add stability to interest expense and to manage exposure to interest rate movements. To accomplish this objective, we primarily use interest rate swaps as part of our interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable- rate amounts from a counterparty in exchange for our making fixed- rate payments over the life of the agreements without exchange of the underlying notional amount. Derivatives are used to hedge the cash flows associated with interest rates on existing debt as well as future debt. We recognize derivatives as assets or liabilities on the balance sheet at fair value. We defer the effective portion of changes in fair value of the designated cash flow hedges to accumulated other comprehensive income (“AOCI”) or loss (“AOCL”) and reclassify such deferrals to interest expense as interest expense is recognized on the hedged forecasted transitions. We recognize the ineffective portion of the change in fair value of interest rate derivatives directly in interest expense. When an interest rate swap designated as a cash flow hedge no longer qualified for hedge accounting, we recognize changes in fair value of the hedge previously deferred to AOCI or AOCL, along with any changes in fair value occurring thereafter, through earnings. We do not use interest rate derivatives for trading or speculative purposes. We manage counterparty risk by only entering into contracts with major financial institutions based upon their credit ratings and other risk factors. We use standard market conventions and techniques such as discounted cash flow analysis, option pricing models, replacement cost and termination cost in computing the fair value of derivatives at each balance sheet date. The Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. Please refer to Note 5 for more information pertaining to interest rate derivatives. Non-Controlling Interests Non-controlling interests relate to the common units of the Operating Partnership not owned by the Company. Common units are owned by the limited partners who contributed properties and other assets to the Operating Partnership in exchange for common units. The Company contributed the net proceeds from the IPO to the Operating Partnership in exchange for common units. Fifteen months after the IPO, limited partners of the Operating Partnership, other than the Company, had the right to require the Operating Partnership to redeem part or all of their common units for cash, based upon the value of an equivalent number of shares of the Company’s common stock at the time of the election to redeem, or, at the Company’s election, shares of the Company’s common stock on a one-for-one basis. Unitholders receive a distribution per unit equivalent to the dividend per share of the Company’s common stock. Pursuant to the consolidation accounting standard with respect to the accounting and reporting for non-controlling interest changes and changes in ownership interest of a subsidiary, changes in parent’s ownership interest when the parent retains controlling interest in the subsidiary should be accounted for as equity transactions. The carrying amount of the non-controlling interest shall be adjusted to reflect the change in its ownership interest in the subsidiary, with the offset to equity attributable to the Company. Revenue Recognition Rental income includes base rents paid by each tenant in accordance with its lease agreement conditions. We recognize rental income on a straight-line basis over the lease term of the respective leases. For acquisitions of existing buildings, we recognize rental income from leases already in place coincident with the date of property closing. Lease incentives are recorded as a deferred asset and amortized as a reduction of revenue on a straight-line basis over the respective lease term. Above- and below-market leases are amortized into rental income over the terms of the respective leases. Tenant reimbursement income (scheduled rent increases based on increases in real estate taxes, operating expenses and utility usage, projects and other reimbursements) is recognized by us in the consolidated statements of operations when earned and when their amounts can be reasonably estimated. For the year ended December 31, 2016, we incurred $3.8 million in expenses associated with projects and other services that were fully reimbursed by our tenants and $0.5 million in associated income. For the year ended December 31, 2015, we incurred $1.2 million in expenses associated with projects and other services that were fully reimbursed by our tenants and $0.2 million in associated income. For both the year ended December 31, 2016 and December 31, 2015, fully reimbursed income was included within “Tenant reimbursements” and associated expenses were included in “Property operating” expenses. Income on these projects was included in “Other income” for both the year ended December 31, 2016 and December 31, 2015. Income Taxes We believe that we have operated and have been organized in conformity with the requirements for qualification and taxation as a REIT for U.S. federal income tax purposes commencing with our taxable year ended December 31, 2015. So long as we qualify as a REIT, we generally will not be subject to U.S. federal income tax on our net income that we distribute to our stockholders. To maintain our qualification as a REIT, we are required under the Code to distribute at least 90% of our REIT taxable income (without regard to the deduction for dividends paid and excluding net capital gains) to our stockholders and meet certain other requirements. If we fail to qualify as a REIT in any taxable year, we will be subject to U.S. federal income tax on our taxable income at regular corporate rates. Even if we qualify as a REIT, we will be subject to certain U.S. federal, state and local taxes on our income and property, and on taxable income that we do not distribute to our stockholders. In addition, we may provide services that are not customarily provided by a landlord, hold properties for sale and engage in other activities (such as a management business) through Taxable REIT Subsidiaries (“TRSs”) and the income of those subsidiaries will be subject to U.S. federal income tax at regular corporate rates. For the years ended December 31, 2016 and 2015, we did not incur any material tax liability associated with any of the above. We do not anticipate any potential expense related to uncertain tax positions as we closely monitor our REIT compliance, do not have any prohibited transactions related to property sales, and neither the states in which we operate nor our foreign investors subject us to withholding tax requirements. The following table reconciles GAAP net income to taxable income: For the years ended December 31, 2016 2015 Net income (loss) $ 4,737 $ (6,045 ) Book depreciation and amortization 46,557 33,483 Above/Below market lease amortization (7,153 ) (4,866 ) Book/Tax differences on offering and acquisition costs at IPO — 2,928 Book/Tax differences on unearned rent (37 ) 2,138 Book/Tax differences on stock based compensation 2,780 1,867 Book/Tax differences on post IPO property acquisition costs 620 856 Other book/tax differences, net 793 (434 ) Tax depreciation (20,622 ) (16,451 ) Loss attributable to non-controlling interest (8,474 ) (7,956 ) Loss attributable to predecessor — 5,581 Taxable income subject to distribution requirements $ 19,201 (1) $ 11,101 (2) (1) The Company’s distributions are characterized as 59.32% ordinary taxable dividend and 40.68% return of capital. (2) The Company’s distributions are characterized as 85.06% ordinary taxable dividend and 14.94% return of capital. Stock Based Compensation Prior to the completion of the IPO, our board of directors adopted, and our sole stockholder approved, our 2015 Equity Incentive Plan, under which we may grant future cash and equity incentive awards to our executive officers, non-employee directors and eligible employees. See Note 7 (Equity) for further information. The shares issued to officers, employees, and non-employee directors vest over a period of time as determined by our board of directors at the date of grant. The Company recognizes compensation expense for non-vested shares granted to officers, employees and non-employee directors on a straight-line basis over the requisite service and/or performance period based upon the fair market value of the shares on the date of grant, as adjusted for forfeitures. Our board of directors approved the issuance of 891,000 long-term incentive plan units in the Operating Partnership (“LTIP units”) on May 6, 2015 and 40,000 LTIP units on February 26, 2016 to members of management under a long-term incentive plan. Earned awards (if any) will vest 50% on February 15, 2018 and 50% on February 6, 2019, subject to our achieving certain absolute and relative total shareholder returns and management’s continued employment. Vesting will be accelerated in the event of a change in control, termination of employment by us without cause, or termination of employment by the award recipient for good reason, death, disability or retirement. If there is a change of control prior to February 15, 2018, earned awards will be calculated based on total shareholder return performance up to the date of the change of control. The LTIP unit awards (i) are subject to forfeiture to the extent awards are not earned and (ii) prior to the performance measurement date are only entitled to one-tenth (10%) of the regular quarterly distributions payable on common units. We measure the LTIP unit awards at the fair value on date of grant. The Company recognizes compensation expense for non-vested units granted to members of our management team, by tranche, on a straight-line basis over the requisite service and/or performance period based upon the fair market value of the units on the date of grant, as adjusted for forfeitures. Earnings Per Share of Common Stock Amount Basic earnings per share is calculated by dividing net income available to Easterly Government Properties Inc. by the weighted-average number of shares of common stock outstanding during the period, excluding the weighted average number of unvested restricted shares. Diluted earnings per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period plus other potentially dilutive securities such as stock grants or shares that would be issued in the event that common units of the Operating Partnership are redeemed for shares of common stock of the Company. Unvested restricted shares and LTIP units are considered participating securities which require the use of the two-class method for the computation of basic and diluted earnings per share. Deferred Offering Costs The Company capitalizes certain legal, accounting and other third party fees that are directly associated with in-process equity financings as other assets until such financings are consummated. After consummation of the equity financing, these costs are recorded as a reduction to capital. Should the equity financing no longer be considered probable of being consummated, the deferred offering costs would be expensed immediately as a charge to corporate general and administrative expenses in the accompanying combined statement of operations. Segments The Company manages its operations as a single segment for the purposes of assessing performance and making operating decisions. All revenue has been generated in the United States and all tangible assets are held in the United States. Recently Adopted Accounting Pronouncements During 2016, the Company adopted accounting guidance under ASC Topic 810, "Consolidation,” modifying the analysis it must perform to determine whether it should consolidate certain types of legal entities. The guidance does not amend the existing disclosure requirements for variable interest entities (“VIEs”) or voting interest model entities. The guidance, however, modified the requirements to qualify under the voting interest model. Under the revised guidance, the Operating Partnership will be a variable interest entity of the Company. As the Operating Partnership is already consolidated in the financial statements of the Company, the identification of this entity as a variable interest entity has no impact on the consolidated financial statements of the Company. There were no other legal entities qualifying under the scope of the revised guidance that were consolidated as a result of the adoption. In addition, there were no other voting interest entities under prior existing guidance determined to be variable interest entities under the revised guidance. During 2016, the Company adopted and retrospectively applied ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” As a result all debt issuance costs paid to third parties, other than the lender, incurred to issue mortgage debt are presented on the balance sheet as a direct deduction from the carrying value. Debt issuance costs related to our senior unsecured revolving credit facility will continue to be presented as an asset on the balance sheet. Debt issuance costs related to our senior unsecured term loan facility (as defined below) will be presented as an asset on the balance sheet until a draw is made, at which time the debt issuance costs will be a direct deduction from the carrying value. During 2016, the Company adopted ASU 2015 – 16, Simplifying the Accounting for Measurement Period Adjustments (Topic 805), which addresses provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period. The implementation of this update did not have an impact in our consolidated financial statements. During 2016, the Company adopted ASU 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern, and to provide certain disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. The implementation of this update did not have an impact in our consolidated financial statements. Recent Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers and will replace most existing revenue recognition guidance when it becomes effective. In July 2015, the FASB deferred by one year the mandatory effective date of ASU 2014-09 from January 1, 2017 to January 1, 2018. Early adoption is permitted, but not prior to the original effective date of January 1, 2017. ASU 2014-09 permits the use of either the retrospective or cumulative effect transition method. The Company is in the process of evaluating the impact of this new guidance. In February 2016, the FASB issued ASU No. 2016-02, Leases, which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase of the leased asset by the lessee. This classification will determine whether the lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for in the same manner as operating leases today. As of December 31, 2016, the Company had a sublease for office space in Washington D.C. expiring in June 2021 and a sublease for office space in San Diego, CA expiring in April 2017. The remaining contractual payments under the Company’s lease and sublease for office space aggregate $1.4 million. Additionally, ASU 2016-02 will require that lessees and lessors capitalize, as initial direct costs, only those costs that are incurred due to the execution of a lease. Under ASU 2016-02, allocated payroll costs and other costs that are incurred regardless of whether the lease is obtained will no longer be capitalized as initial direct costs and instead will be expensed as incurred. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. ASU No. 2016-02 is effective for reporting periods beginning after December 15, 2018, with early adoption permitted. The standard permits the use of either the retrospective or modified retrospective transition method. The Company is in the process of evaluating this new guidance. In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation, which identifies areas for simplification involving several aspects of accounting for share-based payment transactions. The new guidance allows for entities to make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. In addition, the guidance allows employers to withhold shares to satisfy minimum statutory tax withholding requirements up to the employees’ maximum individual tax rate without causing the award to be classified as a liability. The guidance also stipulates that cash paid by an employer to a taxing authority when directly withholding shares for tax-withholding purposes should be classified as a financing activity on the statement of cash flows. ASU No. 2016-09 is effective for reporting periods beginning after December 15, 2016. The implementation of this update will not have a material impact in our consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230), which provides classification guidance for certain cash receipts and cash payments including payment of debt extinguishment costs, settlement of zero-coupon debt instruments, insurance claim payments and distributions from equity method investees. The standard is effective on January 1, 2018, with early adoption permitted. The Company is in the process of evaluating the impact of this new guidance. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230), which requires that the statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The standard is effective on January 1, 2018, with early adoption permitted. The Company is in the process of evaluating the impact of this new guidance. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805), which clarifies the framework for determining whether an integrated set of assets and activities meets the definition of a business. The revised framework establishes a screen for determining whether an integrated set of assets and activities is a business and narrows the definition of a business, which is expected to result in fewer transactions being accounted for as business combinations. Acquisitions of integrated sets of assets and activities that do not meet the definition of a business are accounted for as asset acquisitions. This update is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted for transactions that have not been reported in previously issued (or available to be issued) financial statements and shall be applied on a prospective basis. The Company currently expenses transaction costs associated with business combinations. Upon adoption of ASU 2017-01 the Company believes most of our future acquisitions of operating properties will qualify as asset acquisitions and most future transaction costs associated with these acquisitions will be capitalized. b) Significant Accounting Policies of the Company pre-IPO Real Estate Investments Real estate investments represent investments in real estate entities that own real estate assets and are stated at the fair value of the net equity interest in the real estate investments as discussed below. Subsequent changes in fair value are recorded as unrealized gains or losses. Upon the disposition of a real estate investment, realized gains and losses are determined by deducting the proceeds received by the Predecessor from the basis of the real estate investment; any previously unrealized gains and losses are reversed. Distributions from real estate entities are recorded as dividend income when received to the extent distributed from the estimated taxable earnings and profits of the underlying investment vehicle and as a return of capital to the extent not in excess of that amount. Under investment company accounting, the statements of operations reflect the change in fair value of the real estate investments of the Easterly Funds, prior to the IPO, whether realized or unrealized. Fair Value of Investments The fair value of the real estate investments is determined using a fair value hierarchy. The fair value hierarchy is based on the observability of inputs used to measure fair value and requires additional disclosure regarding the fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between marketplace participants at the measurement date (exit price). The fair value of an asset or a liability disregards transaction costs and assumes the asset or liability’s highest and best use. As the investments are in entities that invest in real estate, the estimated values are based on the underlying assets, liabilities, and cash flows of the related properties. The three levels of the fair value hierarc

Real Estate and Intangibles

Real Estate and Intangibles	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
Real Estate and Intangibles	3. Real Estate and Intangibles Formation transactions The contribution of the investments of the Easterly Funds to the Operating Partnership pursuant to the formation transactions is accounted for as transactions among entities under common control. As a result, the fair value of the real estate investments at the time of the formation transactions was deemed the initial cost. Such fair value was allocated to the underlying real estate properties, related intangible assets and liabilities and mortgage debt ascribed to the properties. Refer to Note 6 (Fair Value Measurements) for additional discussion on fair value. Prior to the IPO on February 11, 2015, the Easterly Funds qualified as investment companies pursuant to ASC 946 Financial Services – Investment Companies As part of the formation transactions, Western Devcon, a private real estate company and a series of related entities beneficially owned by Michael P. Ibe, entered into a contribution agreement with us and the Operating Partnership pursuant to which it contributed its 100% equity interest in each of 14 properties to the Operating Partnership upon completion of the IPO. In exchange for its contribution, Western Devcon received 5,759,819 common units in the Operating Partnership valued at the time of the IPO at $86.4 million. This contribution has been accounted for as a business combination using purchase accounting. The total estimated purchase price, equal to the aggregate value of the Operating Partnership’s common units plus the estimated fair value of debt assumed, was allocated to the net tangible assets and intangible assets based on their estimated fair values as of the completion of the acquisition of the Western Devcon properties. As part of the formation transactions, we acquired the following properties, as set forth in the table below: Property Location Property Type Rentable Square Easterly Portfolio IRS - Fresno Fresno, CA Office 180,481 PTO- Arlington Arlington, VA Office 189,871 FBI - San Antonio San Antonio, TX Office 148,584 FBI - Omaha Omaha, NE Office 112,196 ICE - Charleston North Charleston, SC Office 86,733 DOT - Lakewood Lakewood, CO Office 122,225 USFS II - Albuquerque Albuquerque, NM Office 98,720 USFS I - Albuquerque Albuquerque, NM Office 92,455 AOC - Del Rio Del Rio, TX Courthouse/Office 89,880 DEA - Dallas Dallas, TX Office 71,827 DEA - Albany Albany, NY Office 31,976 FBI - Little Rock Little Rock, AR Office 101,977 CBP - Sunburst Sunburst, MT Office 33,000 USCG - Martinsburg Martinsburg, WV Office 59,547 MEPCOM - Jacksonville Jacksonville, FL Office 30,000 Total 1,449,472 Western Devcon CBP - Savannah Savannah, GA Laboratory 35,000 AOC - El Centro El Centro, CA Courthouse/Office 46,813 DEA - Vista Vista, CA Laboratory 54,119 DEA - Santa Ana Santa Ana, CA Office 39,905 CBP - Chula Vista Chula Vista, CA Office 59,397 DEA - North Highlands Sacramento, CA Office 37,975 DEA - Otay San Diego, CA Office 32,560 DEA - Riverside Riverside, CA Office 34,354 SSA - Mission Viejo Mission Viejo, CA Office 11,590 SSA - San Diego San Diego, CA Office 11,743 DEA - San Diego San Diego, CA Warehouse 16,100 2650 SW 145th Avenue - Parbel of Florida Miramar, FL Warehouse/Distribution 81,721 5998 Osceola Court - United Technologies Midland, GA Warehouse/Manufacturing 105,641 501 East Hunter Street - Lummus Corporation Lubbock, TX Warehouse/Distribution 70,078 Total 636,996 The fair values of the assets acquired and liabilities assumed upon completion of the formation transactions are as follows (dollars in thousands): Easterly Western Devcon, Inc. Total Real estate Land $ 43,681 $ 35,573 $ 79,254 Building 411,472 107,424 518,896 Acquired tenant improvements 27,441 4,388 31,829 Total real estate 482,594 147,385 629,979 Intangible assets In-place leases 61,218 21,308 82,526 Acquired leasing commissions 11,257 4,350 15,607 Above-market leases 2,644 7,763 10,407 Total intangible assets 75,119 33,421 108,540 Intangible liabilities Below-market leases (34,383 ) (2,322 ) (36,705 ) Total intangible liabilities (34,383 ) (2,322 ) (36,705 ) Debt assumed/ repaid in formation transaction (271,622 ) (92,087 ) (363,709 ) Net current assets transferred 8,979 — 8,979 Net assets acquired $ 260,687 $ 86,397 $ 347,084 Post Formation Acquisition Activities During the year ended December 31, 2016, we acquired seven operating properties, ICE – Albuquerque, NPS – Omaha, DEA – Birmingham, FBI – Birmingham, EPA – Kansas City, FBI – Albany and AOC – South Bend for an aggregate purchase price of $156.9 million. For the period from February 11, 2015 to December 31, 2015, we acquired seven operating properties, DOE – Lakewood, AOC – Aberdeen, ICE – Otay, DEA – Pleasanton, USCIS – Lincoln, DEA – Dallas Lab and FBI – Richmond for an aggregate purchase price of $170.9 million. We allocated the purchase prices of these acquisitions based on the estimated fair values of the acquired assets and assumed liabilities as follows (dollars in thousands): December 31, 2016 December 31, 2015 Real estate Land $ 8,496 $ 18,645 Building 127,430 136,456 Acquired tenant improvements 5,070 3,037 Total real estate 140,996 158,138 Intangible assets In-place leases 18,742 21,393 Acquired leasing commissions 2,949 4,628 Above-market leases — 224 Total intangible assets 21,691 26,245 Intangible liabilities Below-market leases (5,798 ) (13,995 ) Total intangible liabilities (5,798 ) (13,995 ) Prepaid expenses and other assets Contingent consideration — 518 Purchase price $ 156,889 $ 170,906 On October 21, 2015, the Company acquired a 42,480 square foot Drug Enforcement Administration regional laboratory in Pleasanton, CA that was built in 2015 and is leased to the GSA for a 20-year term. The property was acquired from an entity indirectly owned by Michael P. Ibe, a director and the Company’s Executive Vice President—Development and Acquisitions. The intangible assets and liabilities of the acquired operating properties have an aggregate weighted average amortization period of 5.47 years and 7.34 years as of December 31, 2016 and 2015, respectively. During the year ended December 31, 2016, we included $8.3 million of revenues and $2.5 million of net income in our consolidated statement of operations related to the operating properties acquired and incurred $1.8 million of acquisition-related costs including $1.1 million of internal costs associated with the property acquisitions. For the period of February 11, 2015 to December 31, 2015, we included $71.4 million of revenues and $15.3 million of net income in our consolidated statement of operations related to the properties contributed or acquired. During year ended December 31, 2015, we incurred $2.9 million of acquisition-related costs associated with the contribution of Western Devcon assets and the acquisition of DOE – Lakewood, AOC – Aberdeen, ICE – Otay, DEA – Pleasanton, USCIS – Lincoln, DEA – Dallas Lab and FBI – Richmond and $1.7 million in formation expenses, which include costs associated with the contribution of the investments of the Easterly Funds. Pro Forma Financial Information The unaudited pro forma financial information set forth below presents results for the year ended December 31, 2016 and 2015 as if the formation transactions and the acquisitions of DOE – Lakewood, AOC – Aberdeen, ICE – Otay, DEA – Pleasanton, USCIS – Lincoln, DEA – Dallas Lab and FBI – Richmond had occurred on January 1, 2014 and the ICE – Albuquerque, NPS – Omaha, DEA – Birmingham, FBI – Birmingham, EPA – Kansas City, FBI – Albany and AOC – South Bend acquisitions had occurred on January 1, 2015. The pro forma information is not necessarily indicative of the results that actually would have occurred nor does it intend to indicate future operating results (dollars in thousands): For the years ended December 31, Proforma (unaudited) 2016 2015 Total rental revenue $ 113,388 $ 110,262 Net income (loss) (1) 7,078 6,751 (1) The net income for the year ended December 31, 2016 excludes $1.8 million of property acquisition costs. Additionally, the net income for the year ended December 31, 2015 was adjusted to include these acquisition costs and exclude the $4.6 million of property acquisition and formation costs incurred during the year ended December 31, 2015. Consolidated Real Estate and Intangibles In addition to the above operating property acquisitions, we acquired one property under development, FDA – Alameda, in an asset acquisition during the year ended December 31, 2016. Real estate and intangibles on our consolidated balance sheets consisted of the following (dollars in thousands): December 31, 2016 December 31, 2015 Real estate properties, net Land $ 112,162 $ 97,899 Building 784,511 655,832 Acquired tenant improvements 39,936 34,866 Construction in progress 4,619 — Accumulated amortization (40,162 ) (16,590 ) Total Real estate properties, net $ 901,066 $ 772,007 Intangible assets, net In-place leases $ 122,661 $ 103,919 Acquired leasing commissions 23,184 20,235 Above market leases 10,631 10,631 Accumulated amortization (42,681 ) (18,200 ) Total Intangible assets, net $ 113,795 $ 116,585 Intangible liabilities, net Below market leases $ (56,498 ) $ (50,700 ) Accumulated amortization 14,658 6,095 Total Intangible liabilities, net $ (41,840 ) $ (44,605 ) The net projected amortization of total intangible assets and intangible liabilities as of December 31, 2016 are as follows (dollars in thousands): Total Intangible assets 2017 25,956 2018 22,072 2019 16,067 2020 13,080 2021 8,921 Thereafter 27,699 $ 113,795 Intangible liabilities 2017 (9,569 ) 2018 (8,936 ) 2019 (6,422 ) 2020 (5,736 ) 2021 (3,895 ) Thereafter (7,282 ) $ (41,840 )

Debt

Debt	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Debt	4. Debt Our borrowings consisted of the following (dollars in thousands): December 31, 2016 December 31, 2015 Senior unsecured revolving credit facility $ 212,167 $ 154,417 Mortgage debt 80,806 83,785 Total $ 292,973 $ 238,202 a. Senior Unsecured Revolving Credit Facility Upon the completion of the IPO on February 11, 2015 we entered into a $400.0 million senior unsecured revolving credit facility with Citigroup Capital Markets Inc., Raymond James Bank, N.A. and Royal Bank of Canada, as joint lead arrangers and joint book running managers and Raymond James Bank, N.A. and Royal Bank of Canada, as co-syndication agents. This credit facility has an accordion feature that provides us with additional capacity, subject to the satisfaction of customary terms and conditions, of up to $250.0 million, for a total facility size of not more than $650.0 million. We intend to use the senior unsecured revolving credit facility to repay indebtedness, fund acquisitions, development and redevelopment opportunities, capital expenditures and the costs of securing new and renewal leases and provide working capital. The Operating Partnership is the borrower under the senior unsecured revolving credit facility and we and certain of our subsidiaries that directly own certain of our properties are guarantors under the credit facility. The senior unsecured revolving credit facility will terminate in approximately three years. In addition, there will be two as-of-right extension options for the senior unsecured revolving credit facility and each extension option will allow us to extend the senior unsecured revolving credit facility for an additional six months, in each case subject to certain conditions and the payment of an extension fee. Our senior unsecured revolving credit facility bears interest, at our option, either at: • a fluctuating rate equal to the sum of (a) the highest of (x) Citibank, N.A.’s base rate, (y) the federal funds effective rate plus 0.50% and (z) the one-month LIBOR rate plus 1.00% plus (b) a margin ranging from 0.4% to 0.9%, or • a Eurodollar rate equal to a periodic fixed rate equal to LIBOR plus, a margin ranging from 1.4% to 1.9%, in each case with a margin based on our leverage ratio. Our senior unsecured revolving credit facility also contains certain customary financial covenants, as follows: (i) the maximum ratio of consolidated total indebtedness to total asset value (each as defined in the agreement) may not exceed 60.0% on any date, provided that the maximum ratio may be increased to 65.0% for the two consecutive quarters following the date on which a material acquisition (as defined in the agreement) occurs, (ii) the maximum ratio of consolidated secured indebtedness (as defined in the agreement) to total asset value may not exceed 40.0% on any date, (iii) the maximum ratio of consolidated secured recourse indebtedness (as defined in the agreement) to total asset value may not exceed 15% on any date, (iv) the minimum consolidated tangible net worth (as defined in the agreement) may not, on any date, be less than the sum of an amount equal to 75.0% of our consolidated tangible net worth as of the closing date of the facility plus an amount equal to 75.0% of the aggregate net cash proceeds received by us from any offering of our capital stock after the closing date of the facility, (v) the minimum ratio of adjusted consolidated EBITDA to consolidated fixed charges (each as defined in the agreement) may not be less than 1.50 to 1.00 on any date, (vi) the maximum ratio of consolidated unsecured indebtedness to unencumbered asset value (each as defined in the agreement) may not exceed 60% as of any date and (vii) the minimum ratio of adjusted consolidated net operating income from unencumbered assets (as defined in the agreement) to interest payable on unsecured debt (as determined in accordance with the agreement) shall not be less than 1.75 to 1.00 on any date. Additionally, under the revolving credit facility, our distributions may not exceed the greater of (i) 95.0% of our FFO or (ii) the amount required for us to maintain our status as a REIT and avoid the payment of federal or state income or excise tax. Our senior unsecured revolving credit facility also includes customary limits on the percentage of our total asset value that may be invested in unimproved land, unconsolidated joint ventures, redevelopment and development assets (as defined in the agreement), loans, advances or extensions of credit and investments in mixed used assets and require that we obtain consent for mergers in which the company is not the surviving entity. These financial and restrictive covenants may limit the investments we may make and our ability to make distributions. As of December 31, 2016, we were in compliance with all financial and restrictive covenants under our senior unsecured revolving credit facility. As of December 31, 2016, the weighted average interest rate payable on borrowings under our revolving credit facility was 2.15% and the weighted average annual interest rate for borrowings under our revolving credit facility was 1.89% for the year ended December 31, 2016. As of December 31, 2016, we had $212.2 million outstanding and $187.8 million available under our revolving credit facility. As of December 31, 2016 the fair value of our revolving credit facility approximated carrying value. As of December 31, 2015, the weighted average interest rate payable on borrowings under our revolving credit facility was 1.75% and the weighted average annual interest rate for borrowings under our revolving credit facility was 1.62% for the year ended December 31, 2015. As of December 31, 2015, we had $154.4 million outstanding and $245.6 million available under our revolving credit facility. As of December 31, 2015 the fair value of our revolving credit facility approximated carrying value. b. Letters of Credit As of December 31, 2016 and 2015, the Company had $0.1 million and $0.2 million of standby letters of credit, respectively. There were no draws against these letters of credit during the year ended December 31, 2016 or 2015. c. Senior Unsecured Term Loan Facility On September 29, 2016, we entered into a $100.0 million senior unsecured term loan facility (our “senior unsecured term loan facility”) with PNC Bank, National Association, as administrative agent, U.S. Bank National Association and SunTrust Bank, as syndication agents, PNC Capital Markets LLC, U.S. Bank National Association and SunTrust Robinson Humphrey, Inc., as joint lead arrangers and joint bookrunners. The Operating Partnership is the borrower under our senior unsecured term loan facility and we and certain of our subsidiaries that directly own certain of our properties are guarantors under the term loan facility. The senior unsecured term loan facility matures on September 29, 2023, has a 180-day delayed draw period, and is prepayable without penalty beginning in October 2018. Borrowings under our senior unsecured term loan facility will bear interest at floating rates equal to, at our option, either (1) a fluctuating rate equal to the sum of (a) the highest of (x) PNC Bank, National Association’s base rate, (y) the federal funds open rate plus 0.50% and (z) the daily Eurodollar rate plus 1.00% plus (b) a margin ranging from 0.7% to 1.35%, or (2) a Eurodollar rate equal to a periodic fixed rate equal to LIBOR plus, a margin ranging from 1.7% to 2.35%, in each case with a margin based on our leverage ratio. Based on our current leverage ratio, borrowings under our senior unsecured term loan facility will have an initial interest rate of LIBOR plus 170 basis points. We may prepay our senior unsecured term loan facility in whole or in part, subject to (i) customary costs, if any, of breaking LIBOR and, (ii) payment of a prepayment penalty equal to 2.0% of the principal balance being repaid during the first 12 months of our senior unsecured term loan facility and 1.0% of the principal balance being repaid during the following 12 months. On October 27, 2016, we entered into two forward-starting interest rate swaps with an aggregate notional value of $100.0 million to effectively fix the interest rate on future draw downs under our senior unsecured term loan facility. The forward swaps have an effective date of March 29, 2017 and extend until the maturity of the term loan on September 29, 2023. The forward swaps will effectively fix the interest rate under our senior unsecured term loan facility at 3.12% annually based on the company’s current leverage ratio. Our senior unsecured term loan facility also contains certain customary covenants, including but not limited to financial covenants that require us to maintain maximum ratios of consolidated total indebtedness, consolidated secured indebtedness and consolidated secured recourse indebtedness to total asset value, minimum consolidated tangible net worth and a minimum consolidated fixed charge ratio. As of December 31, 2016 we have not drawn funds under our senior unsecured term loan facility. d. Mortgage Notes Payable, Net As part of the formation transaction, we completed the repayment or defeasance of, and full satisfaction with respect to, $293.4 million of secured nonrecourse mortgage loans. The fair value of mortgage debt assumed at IPO was determined at the date of the formation transactions by discounting future contractual principal and interest payments using prevailing market rates at the date of the IPO. Subsequent to IPO we entered into debt associated with the acquisition of DEA – Pleasanton at fair value. The fair value of mortgage debt was determined by discounting future contractual principal and interest payments using prevailing market rates. We deem the fair value measurement of our debt instruments as a Level 3 measurement. At December 31, 2016 and 2015 the fair value of our mortgage debt was $79.4 million and $82.7 million, respectively. The table below provides a summary of our mortgage debt at December 31, 2016 (dollars in thousands): Property Fixed/Floating Contractual Interest Rate Effective Interest Rate Maturity Date Principal Balance Premium/Discount Deferred Financing Carrying Value CBP - Savannah Fixed 3.40% 4.12% July 2033 14,907 $ (776 ) $ - $ 14,131 ICE - Charleston Fixed 4.21% 3.93% January 2027 20,921 357 - 21,278 MEPCOM - Fixed 4.41% 3.89% October 11,661 275 - 11,936 USFS II - Albuquerque Fixed 4.46% 3.92% July 2026 17,191 605 - 17,796 DEA - Pleasanton Floating LIBOR + 150bps 1.80% October 2023 15,700 - (35 ) 15,665 Total $ 80,380 $ 461 $ (35 ) $ 80,806 The table below provides a summary of our mortgage debt at December 31, 2015 (dollars in thousands): Property Fixed/Floating Contractual Interest Rate Effective Interest Rate Maturity Date Principal Balance Premium/Discount Carrying Value CBP - Savannah Fixed 3.40% 4.12% July 2033 15,580 $ (853 ) $ 14,727 ICE - Charleston Fixed 4.21% 3.93% January 2027 21,993 403 22,396 MEPCOM - Fixed 4.41% 3.89% October 12,489 323 12,812 USFS II - Albuquerque Fixed 4.46% 3.92% July 2026 17,477 673 18,150 DEA - Pleasanton Floating LIBOR + 150bps 1.80% October 2023 15,700 - 15,700 Total $ 83,239 $ 546 $ 83,785 e. Aggregate Debt Maturities The Company’s aggregate debt maturities based on outstanding principal as of December 31, 2016 are as follows (dollars in thousands): Total 2017 $ 2,977 2018 3,100 2019 215,396 2020 3,395 2021 4,054 Thereafter 63,625 292,547 Unamortized premium/discount & deferred financing 426 $ 292,973

Derivatives and Hedging Activit

Derivatives and Hedging Activities	12 Months Ended
	Dec. 31, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	5. Derivatives and Hedging Activities As of December 31, 2016, the Company had two outstanding forward-starting interest rate swaps with an aggregate notional value of $100.0 million that were designated as cash flow hedges. The forward swaps have an effective date of March 29, 2017 and extend until the maturity of the term loan on September 29, 2023. The forward swaps will effectively fix the interest rate under our senior unsecured term loan facility at 3.12% annually based on the company’s current leverage ratio and receive a variable interest rate of one-month LIBOR. As of December 31, 2016 our forward swaps were classified as an asset on our consolidated balance sheet at $3.8 million. Additionally, for the year ended December 31, 2016 the amount of unrealized gain recognized in accumulated other comprehensive income on interest rate swaps was $3.8 million. Credit-risk-related Contingent Features The Company has agreements with each of its derivative counterparties that contain a provision where the Company could be declared in default on its derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to the Company's default on the indebtedness. As of December 31, 2016, the Company did not have any derivatives in a net liability position.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	6. Fair Value Measurements Accounting standards define fair value as the exit price, or the amount that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The standards also establish a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability developed based on market data obtained from sources independent of us. Unobservable inputs are inputs that reflect our assumptions about the factors market participants would use in valuing the asset or liability developed based upon the best information available in the circumstances. The hierarchy of these inputs is broken down into three levels: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Categorization within the valuation hierarchy is based upon the lowest level of input that is most significant to the fair value measurement. Recurring fair value measurements The fair values of our interest rate swaps are determined using widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities in such interest rates. While the Company determined that that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparties. The Company has determined that the significance of the impact of the credit valuation adjustments made to its derivative contracts, which determination was based on the fair value of each individual contract, was not significant to the overall valuation. As a result, all of the Company’s derivatives held as of December 31, 2016 were classified as Level 2 of the fair value hierarchy. The carrying values of cash and cash equivalents, restricted cash, accounts receivable, other assets and accounts payable and accrued expenses are reasonable estimates of fair values because of the short maturities of these instruments. For our disclosure of debt fair values in Note 4, we estimated the fair value of our unsecured senior revolving credit facility based on quoted market interest rates (categorized within Level 2 of the fair value hierarchy) and estimated the fair value of our other debt based on the discounted estimated future cash payments to be made on such debt (categorized within Level 3 of the fair value hierarchy); the discount rates used approximate current market rates for loans, or groups of loans, with similar maturities and credit quality, and the estimated future payments included scheduled principal and interest payments. Fair value estimates are made as of a specific point in time, are subjective in nature and involve uncertainties and matters of significant judgement. Settlement at such fair value amounts may not be possible and may not be prudent management decision. The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2016, aggregated by the level in the fair value hierarchy within which those measurements fall. As of December 31, 2016 Balance Sheet Line Item Level 1 Level 2 Level 3 Interest rate swaps - Asset $ — $ 3,785 $ — Nonrecurring fair value measurements All of the Predecessor’s investments are in Limited Partnership, “LP,” or Limited Liability Company, “LLC,” interests for which there is no ready market. The Predecessor estimates the value of its investments using Level 3 inputs based upon factors such as operating performance, financial condition, economic and market events. The Predecessor uses a discounted cash flow valuation technique to estimate the fair value of each of the investments, which is updated at each reporting date by personnel responsible for the management of each investment and reviewed by senior management at each reporting period. The discounted cash flow technique requires the Predecessor to estimate cash flows for each investment over the holding period, and is based on the Predecessor’s view of the foreseeable future. Cash flows are derived from property rental revenue (base rents plus reimbursements) less operating expenses, real estate taxes and capital and other costs, plus projected sales proceeds in the year of exit if applicable. Property rental revenue is based on leases currently in place and management’s estimates for future leasing activity, which are based on current market rents for similar space. Similarly, estimated real estate taxes and operating expenses are based on amounts incurred in the current period plus a projected growth factor for future periods. Anticipated sales proceeds at the end of an investment’s expected holding period are determined based on the net cash flow of the investment in the year of exit, divided by a terminal capitalization rate, less estimated selling costs. The Predecessor has determined that the unit of account being valued is the net investment in the underlying real estate LLC or LP interests. Therefore, the Predecessor has estimated the value of its investments considering whether a market participant would ascribe any value to the debt of the investment. Specific factors that may be considered include whether the market participant could assume the debt, the interest rate and the remaining term. Due to the significant judgment involved in valuing each investment, in the absence of a ready market, the estimated value of the Predecessor’s investments as presented in the accompanying financial statements may differ from the value that would have been used had a ready market existed, and any differences may be material. The following table includes a roll-forward of the amounts of investments classified within Level 3 for the year ended December 31, 2015. The classification of an investment within Level 3 is based upon the significance of the unobservable inputs to the overall fair value measurement. Balance at December 31, 2014 $ 267,683 Contributions to investments 257 Net change in unrealized (depreciation) appreciation (5,122 ) Sale of investments to the Operating Partnership (262,818 ) Balance at December 31, 2015 $ -

Equity

Equity	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Equity	7. Equity On October 16, 2014, the Company issued 1,000 shares to its sole stockholder, Darrell Crate, for $1,000, which we repurchased upon the IPO. On February 11, 2015, we completed an initial public offering of 13.8 million shares of our common stock at a price to the public of $15.00 per share, including 1.8 million shares sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters, resulting in gross proceeds of $207.0 million. In connection with the IPO, we engaged in a series of formation transactions by which we acquired 15 properties previously owned by the Easterly Funds and the ownership interests in the management entities in exchange for 9,771,120 common units and 3,308,000 shares of common stock. Additionally, in connection with the IPO, Western Devcon contributed its interest in 14 properties to the Operating Partnership in an exchange for 5,759,819 common units. On October 21, 2015, Western Devcon contributed its interest an additional property, DEA – Pleasanton, to the Operating Partnership in exchange for 12,500 common units. Concurrent with the IPO, the Company sold an aggregate of 7,033,712 shares of its common stock to the Easterly Funds in a private placement at a price per share of $15.00 without payment of any underwriting fees, discounts or commissions. Prior to the completion of the IPO, our board of directors adopted, and our sole stockholder approved, our 2015 Equity Incentive Plan, under which we may grant future cash and equity incentive awards to our executive officers, non-employee directors and eligible employees in order to attract, motivate and retain the talent for which we compete. The 2015 Equity Incentive Plan permits us to make grants of options, stock appreciation rights, restricted stock units, restricted stock, dividend equivalent rights, cash-based awards, performance-based awards and other equity-based awards, including LTIP units, or any combination of the foregoing. On February 10, 2015, we filed with the SEC a registration statement on Form S-8 covering the shares of our common stock issuable under the 2015 Equity Incentive Plan. The 2015 Equity Incentive Plan is administered by the compensation committee of our board of directors. The 2015 Equity Incentive Plan permits the granting of both options to purchase shares of our common stock intended to qualify as incentive stock options under Section 422 of the Code and options that do not so qualify. The option exercise price of each option will be determined by our compensation committee but may not be less than 100% of the fair market value of our common stock on the date of grant. The term of each option will be fixed by our compensation committee and may not exceed ten years from the grant date. Our compensation committee may also grant awards of restricted stock, restricted stock units, performance shares or cash-based awards under the 2015 Equity Incentive Plan that are intended to qualify as “performance based compensation” under Section 162(m) of the Code. Those awards would only vest or become payable upon the attainment of performance goals that are established by our compensation committee and related to established performance criteria. From and after the time that we become subject to Section 162(m) of the Code, the maximum award that is intended to qualify as “performance-based compensation” under Section 162(m) of the Code that may be made to any one employee during any one calendar year period is 2,273,959 shares of our common stock with respect to stock-based award and $5.0 million with respect to a cash based award. The shares issued under the 2015 Equity Incentive Plan are authorized but unissued shares or shares that we reacquire. The shares of our common stock underlying any awards that are forfeited, cancelled, held back upon exercise or settlement of an award to satisfy the exercise price or tax withholding, reacquired by us prior to vesting, satisfied without any issuance of stock, expire or are otherwise terminated (other than by exercise) under the 2015 Equity Incentive Plan are added back to the shares available for issuance under the 2015 Equity Incentive Plan. We have reserved 2,273,959 shares of our common stock for issuance of awards under the 2015 Equity Incentive Plan, including shares of restricted common stock issued to our non-employee directors, which will vest upon the anniversary of the date of grant or the next annual stockholder meeting, as applicable. Our board of directors approved the issuance of 891,000 LTIP Units on May 6, 2015 and 40,000 LTIP units on February 26, 2016 to members of management under a long-term incentive plan. Earned awards (if any) will vest 50% on February 15, 2018 and 50% on February 6, 2019, subject to the Company achieving certain absolute and relative total shareholder returns and management’s continued employment. Vesting will be accelerated in the event of a change in control, termination of employment by the Company without cause, or termination of employment by the award recipient for good reason, death, disability or retirement. If there is a change of control prior to February 15, 2018, earned awards will be calculated based on total shareholder return performance up to the date of the change of control. The LTIP unit awards (i) are subject to forfeiture to the extent awards are not earned and (ii) prior to the performance measurement date are only entitled to one-tenth (10%) of the regular quarterly distributions payable on common units. The Company measures the LTIP Unit awards at the fair value on date of grant. A summary of our non-vested common share awards at December 31, 2016 and 2015 is as follows: Restricted Shares Restricted Shares Weighted average grant date fair value LTIP Units LTIP Units Weighted average grant date fair value Outstanding December 31, 2014 — $ — — $ — Vested — — — — Granted 26,667 15.00 891,000 8.67 Forfeited — — — — Outstanding, December 31, 2015 26,667 $ 15.00 891,000 $ 8.67 Vested (26,667 ) $ 15.00 — $ — Granted 16,128 18.60 40,000 14.15 Forfeited — — (5,000 ) 8.67 Outstanding, December 31, 2016 16,128 $ 18.60 926,000 $ 8.91 We recognized $2.9 million and $1.9 million in compensation expense, related to the restricted common stock and the LTIP Unit awards, for the year ended December 31, 2016 and 2015, respectively. As of December 31, 2016 unrecognized compensation expense for both awards was $4.2 million, which will be amortized over the vesting period. We valued our non-vested restricted share award at the grant date fair value, which was the market price of our common shares. For the LTIP unit awards granted, we used a Monte Carlo Simulation (risk-neutral approach) to determine the number of shares that may be issued pursuant to the award. For LTIP units granted in 2016 we utilized a risk-free rate of 0.7%, derived from the Treasury note yield as of the grant date. Since the Company has a limited amount of operating history, the expected volatility assumption of 20.0% was derived from the observed historical volatility of the common stock prices of a select group of peer companies within the REIT industry. Based on the selected dividend yields of guideline companies and expected dividend levels, we utilized an expected dividend yield of 5.5%. For LTIP units granted in 2015 we utilized a risk-free rate of 0.9%, derived from the Treasury note yield as of the grant date. Since the Company has a limited amount of operating history, the expected volatility assumption of 18.3% was derived from the observed historical volatility of the common stock prices of a select group of peer companies within the REIT industry. Based on the selected dividend yields of guideline companies and expected dividend levels, we utilized an expected dividend yield of 5.5%. No additional shares of common stock or options were issued under the 2015 Equity Incentive Plan as of December 31, 2016. On October 21, 2015, the Company also entered into a registration rights agreement pursuant to which Mr. Ibe will have the right to cause the Company to register with the SEC the resale or primary issuance of the shares of common stock that Mr. Ibe or his affiliates may receive in exchange for the common units received in the DEA – Pleasanton acquisition and facilitate the offering and sale of such shares. On June 7, 2016, we completed an underwritten public offering of an aggregate of 6,219,045 shares of common stock, consisting of 4,719,045 shares sold by us to the underwriters and 1,500,000 shares offered on a forward basis in connection with certain forward sales agreements. The gross proceeds from the offering of 4,719,045 shares sold by us to the underwriters was $84.9 million before deducting underwriting discounts, commissions and estimated offering expenses. On November 29, 2016, the Company’s physically settled the forward sales agreements by issuing an aggregate of 1,500,000 shares of common stock in exchange for approximately $25.1 million. In connection with the liquidation of the Easterly Funds, an aggregate of 6,471,258 shares of common stock were issued between May 11, 2016 and December 31, 2016 upon the redemption of an aggregate of 6,471,258 common units in accordance with the terms of the partnership agreement of the Operating Partnership. A summary of dividends declared by the board of directors per share of common stock and per common unit of our operating partnership at the date of record is as follows: Quarter Declaration Date Record Date Pay Date Dividend (1) Q1 2015 May 6, 2015 May 18, 2015 June 3, 2015 $ 0.11 Q2 2015 August 4, 2015 August 18, 2015 September 3, 2015 0.21 Q3 2015 November 3, 2015 November 17, 2015 December 3, 2015 0.22 Q4 2015 February 26, 2016 March 10, 2016 March 25, 2016 0.22 Q1 2016 May 4, 2016 June 8, 2016 June 23, 2016 0.23 Q2 2016 August 3, 2016 August 26, 2016 September 13, 2016 0.23 Q3 2016 November 3, 2016 December 7, 2016 December 22, 2016 0.24 Q4 2016 February 23, 2017 March 7, 2017 March 22, 2017 0.24 (1) Our board of directors also declared a dividend for each LTIP unit in an amount equal to 10% of the dividend paid per common unit of our operating partnership.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	8. Earnings Per Share Basic earnings or loss per share of common stock (“EPS”) is calculated by dividing net income or loss attributable to common stockholders by the weighted average shares of common stock outstanding for the periods presented. Diluted EPS is computed after adjusting the basic EPS computation for the effect of dilutive common equivalent shares outstanding during the periods presented. Unvested restricted shares and LTIP units are considered participating securities which require the use of the two-class method for the computation of basic and diluted earnings per share. The following table sets forth the computation of the Company’s basic and diluted earnings per share of common stock for the years ended December 31, 2016 and 2015 (amounts in thousands, except per share amounts): For the years ended December 31, 2016 2015 Numerator Net income (loss) $ 4,737 $ (6,045 ) Less: Non-controlling interest in Operating Partnership (1,322 ) 4,351 Net income (loss) available to Easterly Government Properties, Inc. 3,415 (1,694 ) Less: Dividends on participating securities (102 ) (63 ) Net income (loss) available to common stockholders $ 3,313 $ (1,757 ) Denominator for basic EPS 30,645,279 21,430,016 Dilutive effect of share-based compensation awards 13,691 — Dilutive effect of LTIP units 1,713,568 — Denominator for basic and diluted EPS 32,372,538 21,430,016 Basic EPS $ 0.11 $ (0.08 ) Diluted EPS $ 0.10 $ (0.08 )

Operating Leases

Operating Leases	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Operating Leases	9. Operating Leases Our rental properties are subject to generally non-cancelable operating leases generating future minimum contractual rent payments due from tenants. As of December 31, 2016, future non-cancelable minimum contractual rent payments are as follows (dollars in thousands): Payments due by period Total 2017 2018 2019 2020 2021 Thereafter Operating Leases Minimum lease payments $ 475,020 74,467 71,727 64,877 57,199 46,680 160,070 The Company’s consolidated properties were 100% occupied by 22 tenants at December 31, 2016 and 100% occupied by 19 tenants at December 31, 2015. On June 18, 2016, the Company was awarded a lease for a 65,810 square foot Food and Drug Administration (FDA) laboratory in Alameda, CA. The FDA - Alameda laboratory will be leased to the General Services Administration (GSA) for a 20-year term, beginning upon completion of development of the property. For the year ended December 31, 2016 we recognized $85.8 million in rental income attributable to base rent, $7.2 million in rental income attributable to the amortization of our above- and below-market leases, $0.1 million in rental income attributable to the amortization of unearned revenue and a straight-line adjustment of $0.3 million. For the year ended December 31, 2015 we recognized $59.9 million in rental income attributable to base rent, $4.9 million in rental income attributable to the amortization of our above- and below-market leases and a straight-line adjustment of $0.2 million.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. Commitments and Contingencies a) Operating Leases In October of 2015 we entered into a sublease agreement for 5,682 square feet of office space in Washington, D.C. with a commencement date of March 2016 and expiration date of June 2021. We also lease 5,752 square feet of office space in San Diego, CA under an operating lease that commenced February 2015 and expires in April 2017. Rent expense incurred under the terms of the corporate office leases, was $0.2 million, $0.4 million and $0.3 million for the years ended December 31, 2016, 2015 and 2014, respectively. Future minimum rental payments under the Company’s corporate office leases as of December 31, 2016 are summarized as follows (amounts in thousands): Payments due by period Total 2017 2018 2019 2020 2021 Thereafter Corporate office leases Minimum lease payments $ 1,371 319 286 298 309 159 – b) Environmental As an owner of real estate, the Company is subject to various environmental laws of federal, state, and local governments. The Company’s compliance with existing laws has not had a material adverse effect on its financial condition and results of operations, and the Company does not believe it will have a material adverse effect in the future. However, the Company cannot predict the impact of unforeseen environmental contingencies or new or changed laws or regulations on its current properties or on properties that the Company may acquire. c) Tax Protection Agreements Concurrent with the completion of the IPO, the Company also entered into a tax protection agreement with Michael P. Ibe, a director and our Executive Vice President — Development and Acquisitions, under which we agreed to indemnify Mr. Ibe for any taxes incurred as a result of a taxable sale of the properties contributed by Western Devcon in the formation transactions for a period of eight years after the closing of the IPO and the formation transactions. The Company also agreed in the tax protection agreement with Mr. Ibe to use the “traditional method” of making allocations under Section 704(c) of the Code for the eight-year period. On October 21, 2015, the Company entered into a second tax protection agreement with Mr. Ibe, under which the Company agreed to indemnify Mr. Ibe for any taxes incurred as a result of a taxable sale of the DEA – Pleasanton property for a period of eight years after the closing of the acquisition and to offer Mr. Ibe and certain affiliates of Mr. Ibe the opportunity to guarantee, in the aggregate, up to approximately $15.7 million of indebtedness of the Operating Partnership for two years following the contribution of the DEA – Pleasanton property and up to approximately $7.2 million of indebtedness thereafter until the eighth anniversary of the closing of the acquisition, subject to certain conditions. The Company also agreed in the tax protection agreement with Mr. Ibe to use the “traditional method” of making allocations under Section 704(c) of the Code for the eight-year period.

Concentrations Risk

Concentrations Risk	12 Months Ended
	Dec. 31, 2016
Risks And Uncertainties [Abstract]
Concentrations Risk	11. Concentrations Risk Concentrations of credit risk arise for the Company when multiple tenants of the Company are engaged in similar business activities, are located in the same geographic region or have similar economic features that impact in a similar manner their ability to meet contractual obligations, including those to the Company. The Company regularly monitors its tenant base to assess potential concentrations of credit risk. As stated in Note 1 above, the Company leases commercial space to the U.S. Government through the GSA or other federal agencies or nongovernmental tenants. At December 31, 2016, the GSA and other federal agency accounted for approximately 96.8% of rental income and non-governmental tenants accounted for the remaining approximately 3.2%. At December 31, 2015, the GSA and other federal agency accounted for approximately 96.2% of rental income and non-governmental tenants accounted for the remaining approximately 3.8%. At December 31, 2016, thirteen of our 43 operating properties were located in California, accounting for approximately 20.0% of our total rentable square feet and approximately 26.8% of our total annualized lease income. At December 31, 2015, thirteen of our 36 operating properties were located in California, accounting for approximately 23.6% of our total rentable square feet and approximately 31.8% of our total annualized lease income. To the extent that weak economic or real estate conditions or natural disasters affect California more severely than other areas of the country, our business, financial condition and results of operations could be negatively impacted.

Related Party

Related Party	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party	12. Related Party For the years ended December 31, 2016 and 2015 we were responsible for reimbursing Easterly Capital $0.1 million and $0.3 million, respectively, for a portion of rent and office expense at their Beverly, MA office and for the services of certain employees. Additionally, during the years ended December 31, 2016 and 2015, Western Devcon was responsible for reimbursing us $0.2 and $0.3 million, respectively, for certain costs that we paid on their behalf.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	13. Subsequent Events For its consolidated financial statements as of December 31, 2016, the Company evaluated subsequent events and noted the following significant events: On February 3, 2017, the Company acquired a 75,000 square foot laboratory located in Sandy, Utah. The building was constructed in 2003 and is 100% leased to the GSA and occupied by the Occupational Safety and Health Administration (OSHA) under a 20 year lease. The lease includes two five-year renewal options with fixed rental increases that, if exercised, would carry the lease term to 2034.

Selected Quarterly Financial Da

Selected Quarterly Financial Data	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data	14. Selected Quarterly Financial Data (unaudited) The following is a summary of our unaudited quarterly results of operations for 2016 (amounts in thousands): First Quarter Second Quarter Third Quarter Fourth Quarter Total revenues $ 23,971 $ 24,921 $ 26,975 $ 28,751 Net income (loss) available to Easterly Government Properties, Inc. 675 699 895 1,146 Net income (loss) available to Easterly Government Properties, Inc. per share (basic and diluted) $ 0.03 $ 0.02 $ 0.02 $ 0.03 The following is a summary of our unaudited quarterly results of operations for 2015 (amounts in thousands): First Quarter Second Quarter Third Quarter Fourth Quarter Total revenues $ 10,091 $ 19,256 $ 19,857 $ 22,174 Net income (loss) available to Easterly Government Properties, Inc. (2,885 ) 588 498 105 Net income (loss) available to Easterly Government Properties, Inc. per share (basic and diluted) $ (0.22 ) $ 0.02 $ 0.02 $ —

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2016
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Schedule III, Real Estate and Accumulated Depreciation	Easterly Government Properties, Inc. Schedule III - Real Estate and Accumulated Depreciation December 31, 2016 (Amounts in thousands) Initial Cost to Company Cost amount carried at Close of Period Location Type (1) Encumbrances (2) Land Buildings and Improvements Costs Capitalized Subsequent to Acquisition Land Buildings and Improvements Total (3) Accumulated Depreciation (4) Original Construction Date(s) Date Acquired Aberdeen, MS C/O $ — $ 1,147 $ 14,044 $ 56 $ 1,147 $ 14,100 $ 15,247 $ 559 2005 6/17/2015 Albany, NY O — 1,801 11,544 17 1,801 11,561 13,362 545 2004 2/11/2015 Albany, NY O — 1,412 17,128 — 1,412 17,128 18,540 47 1998 11/22/2016 Albuquerque, NM O 17,796 2,345 28,611 — 2,345 28,611 30,956 1,863 2011 2/11/2015 Albuquerque, NM O — 2,905 23,804 67 2,905 23,871 26,776 1,340 2006 2/11/2015 Albuquerque, NM O — 3,062 28,201 — 3,062 28,201 31,263 781 2011 2/17/2016 Arlington, VA O — 14,350 44,442 77 14,350 44,519 58,869 3,490 2009 2/11/2015 Birmingham, AL O — 408 10,853 — 408 10,853 11,261 169 2005 7/1/2016 Birmingham, AL O — 755 22,537 — 755 22,537 23,292 321 2005 7/1/2016 Chula Vista, CA O — 6,332 7,471 43 6,332 7,514 13,846 354 1998 2/11/2015 Dallas, TX O — 1,005 14,546 26 1,005 14,572 15,577 892 2001 2/11/2015 Dallas, TX L — 2,753 23,848 19 2,753 23,867 26,620 647 2001 12/1/2015 Del Rio, TX C/O — 210 30,676 142 210 30,818 31,028 1,683 1992 / 2004 2/11/2015 El Centro, CA C/O — 1,084 20,765 29 1,084 20,794 21,878 1,211 2004 2/11/2015 Fresno, CA O — 1,499 68,309 66 1,499 68,375 69,874 3,679 2003 2/11/2015 Jacksonville, FL O 11,936 2,532 16,621 6 2,532 16,627 19,159 1,070 2010 2/11/2015 Kansas City, KS L — 828 33,035 — 828 33,035 33,863 446 2003 7/1/2016 Lakewood, CO O — 1,521 32,865 51 1,521 32,916 34,437 1,955 2004 2/11/2015 Lakewood, CO O — 1,377 18,204 36 1,377 18,240 19,617 799 1999 4/1/2015 Lincoln, NE O — 2,310 26,328 95 2,310 26,423 28,733 1,044 2005 11/12/2015 Little Rock, AR O — 2,278 19,318 51 2,278 19,369 21,647 1,133 2001 2/11/2015 Lubbock, TX W/D — 541 972 — 541 972 1,513 63 2013 2/11/2015 Martinsburg, WV O — 1,700 13,294 48 1,700 13,342 15,042 840 2007 2/11/2015 Midland, GA W/M — 1,715 1,650 — 1,715 1,650 3,365 122 2014 2/11/2015 Miramar, FL W/D — 2,177 9,417 — 2,177 9,417 11,594 521 2007 2/11/2015 Mission Viejo, CA O — 1,454 1,690 51 1,454 1,741 3,195 195 2005 2/11/2015 North Charleston, SC O 21,278 963 34,987 322 963 35,309 36,272 1,838 1994 / 2012 2/11/2015 Omaha, NE O — 4,635 41,319 172 4,635 41,491 46,126 2,598 2009 2/11/2015 Omaha, NE O — 1,517 14,156 — 1,517 14,156 15,673 273 2004 5/19/2016 Pleasanton, CA L 15,665 5,765 20,859 — 5,765 20,859 26,624 624 2015 10/21/2015 Richmond, VA O — 3,041 23,931 47 3,041 23,978 27,019 797 2001 12/7/2015 Riverside, CA O — 1,983 6,755 33 1,983 6,788 8,771 555 1997 2/11/2015 Sacramento, CA O — 1,434 9,369 27 1,434 9,396 10,830 627 2002 2/11/2015 San Antonio, TX O — 3,745 49,153 130 3,745 49,283 53,028 2,842 2007 2/11/2015 San Diego, CA O — 1,389 7,358 21 1,389 7,379 8,768 537 1997 2/11/2015 San Diego, CA O — 773 2,481 — 773 2,481 3,254 144 2003 2/11/2015 San Diego, CA W — 3,060 510 — 3,060 510 3,570 80 1999 2/11/2015 San Diego, CA O — 2,252 12,280 5 2,252 12,285 14,537 528 2001 9/11/2015 Santa Ana, CA O — 6,413 8,635 12 6,413 8,647 15,060 724 2004 2/11/2015 Savannah, GA L 14,131 3,220 10,687 26 3,220 10,713 13,933 574 2013 2/11/2015 South Bend, IN C/O — 514 6,590 — 514 6,590 7,104 4 1996 / 2011 12/23/2016 Sunburst, MT O — 2,192 9,423 41 2,192 9,464 11,656 513 2008 2/11/2015 Vista, CA L — 3,998 24,053 51 3,998 24,104 28,102 1,135 2002 2/11/2015 Various Various — 5,767 4,313 267 5,767 4,580 10,347 — N/A Various $ 80,806 $ 112,162 $ 827,032 $ 2,034 $ 112,162 $ 829,066 $ 941,228 $ 40,162 (1) O=Office; C=Courthouse; L=Laboratory; W=Warehouse; D=Distribution; M=Manufacturing (2) Includes the unamortized balance of the fair value adjustments. (3) Excludes value of real estate intangibles. Aggregate cost for federal income tax purposes is approximately $795,324. (4) Depreciation of rental property is computed on a straight-line basis over the estimated useful lives of the assets. The estimated lives of our assets range from 5 to 40 years or to the term of the underlying lease. Analysis of the carrying amount of real estate properties and accumulated depreciation: Real Estate Properties Accumulated Depreciation Balance at December 31, 2014 — — Additions 788,597 16,590 Balance at December 31, 2015 788,597 16,590 Additions 152,631 23,572 Balance at December 31, 2016 941,228 40,162

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Real Estate Properties	Real Estate Properties Real estate properties comprise all tangible assets we hold for rent or development. Real property is recognized at cost less accumulated depreciation. Acquisition costs related to business combinations, including third party transaction and direct internal costs are expensed as incurred. Third party costs related to asset acquisitions are capitalized. Development, re-development and certain costs directly related to the improvement of real properties are capitalized. Maintenance and repair expenses are charged to expense as incurred. When we acquire properties, we allocate the purchase price to numerous tangible and intangible components. Our process for determining the allocation to these components requires many estimates and assumptions, including the following: (1) determination of market rental rates; (2) estimation of leasing and tenant improvement costs associated with the remaining term of acquired leases; (3) assumptions used in determining the in-place lease and if-vacant value including the rental rates, period of time that it would take to lease vacant space and estimated tenant improvement and leasing costs; (4) renewal probabilities; and (5) allocation of the if-vacant value between land and building. A change in any of the above key assumptions can materially change not only the presentation of acquired properties in our consolidated financial statements but also our reported results of operations. The allocation to different components affects the following: • the amount of the purchase price allocated among different categories of assets and liabilities on our consolidated balance sheets; and the amount of costs assigned to individual properties in multiple property acquisitions; • where the amortization of the components appear over time in our consolidated statements of operations. Allocations to above- and below-market leases are amortized into rental revenue, whereas allocations to most of the other tangible and intangible assets are amortized into depreciation and amortization expense. As a REIT, this is important to us since much of the investment community evaluates our operating performance using non-GAAP measures such as funds from operations, the computation of which includes rental revenue but does not include depreciation and amortization expense; and • the timing over which the items are recognized as revenue or expense in our consolidated statements of operations. For example, for allocations to the as-if vacant value, the land portion is not depreciated and the building portion is depreciated over a longer period of time than the other components (generally 40 years). Allocations to above- and below-market leases and in-place lease value are amortized over significantly shorter timeframes, and if individual tenants’ leases are terminated early, any unamortized amounts remaining associated with those tenants are written off upon termination. These differences in timing can materially affect our reported results of operations. Tenant improvements are capitalized in real property when we own the improvement. When we are required to provide improvements under the terms of a lease, we need to determine whether the improvements constitute landlord assets or tenant assets. If the improvements are considered landlord assets, we capitalize the cost of the improvements and recognize depreciation expense associated with such improvements over the shorter of the useful life of the assets or the term of the lease and recognize any payments from the tenant as rental revenue over the term of the lease. If the improvements are considered tenant assets, we defer the cost of improvements funded by us as a lease incentive asset and amortize it as a reduction of rental revenue over the term of the lease. Our determination of whether improvements are landlord assets or tenant assets also may affect when we commence revenue recognition in connection with a lease. In determining whether improvements constitute landlord or tenant assets, we consider numerous factors that may require subjective or complex judgments, including: whether the improvements are unique to the tenant or reusable by other tenants; whether the tenant is permitted to alter or remove the improvements without our consent or without compensating us for any lost fair value; whether the ownership of the improvements remains with us or remains with the tenant at the end of the lease term; and whether the economic substance of the lease terms is properly reflected. We capitalize pre-development costs incurred in pursuit of new development opportunities for which we currently believe future development is probable. Additionally, we capitalize interest expense, real estate taxes and direct and indirect project costs (including related compensation and other indirect costs) associated with properties, or portions thereof, undergoing construction, development and redevelopment activities. In capitalizing interest expense, if there is a specific borrowing for the property undergoing construction, development and redevelopment activities, we apply the interest rate of that borrowing to the average accumulated expenditures that do not exceed such borrowing; for the portion of expenditures exceeding any such specific borrowing, we apply our weighted average interest rate on other borrowings to the expenditures. We continue to capitalize costs while construction, development or redevelopment activities are underway until the building is substantially complete and ready for its intended use. Depreciation of an asset begins when it is available for use and is calculated using the straight-line method over the estimated useful lives. Each period, depreciation is charged to expense and credited to the related accumulated depreciation account. A used asset acquired is depreciated over its estimated remaining useful life, not to exceed the life of a new asset. Range of useful lives for depreciable assets are as follows: Category Term Buildings 40 years Building improvements 5 - 40 years Tenant improvements Shorter of remaining life of the lease or useful life Furniture and equipment 3 - 7 years We regularly evaluate whether events or changes in circumstances have occurred that could indicate an impairment in the value of long lived assets. If there is an indication that the carrying value of an asset is not recoverable, we estimate the projected undiscounted cash flows to determine if an impairment loss should be recognized. We determine the amount of any impairment loss by comparing the historical carrying value to estimated fair value. We estimate fair value through an evaluation of recent financial performance and projected discounted cash flows using standard industry valuation techniques. In addition to consideration of impairment upon the events or changes in circumstances described above, we regularly evaluate the remaining lives of our long lived assets. If we change our estimate of the remaining lives, we allocate the carrying value of the affected assets over their revised remaining lives.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include all cash and liquid investments that mature three months or less from when they are purchased. Cash equivalents are reported at cost, which approximates fair value. We maintain our cash in bank accounts in amounts that may exceed federally insured limits at times. We have not experienced any losses in these accounts and believe that we are not exposed to significant credit risk because our accounts are deposited with major financial institutions.
Restricted Cash	Restricted Cash Restricted cash consists of amounts escrowed for future real estate taxes, insurance, capital expenditures and debt service, as required by certain of our mortgage debt agreements.
Deferred Financing Costs	Deferred Financing Costs Deferred financing fees include issuance costs related to borrowings and we amortize those costs over the terms of the related indebtedness. Any unamortized amounts upon early repayment of mortgage notes payable are written off in the period in which repayment occurs. Fully amortized deferred financing fees are removed from the books upon maturity or repayment of the underlying debt. As of December 31, 2016, we recognized $1.0 million in deferred financing costs associated with entering into our senior unsecured term loan facility (as defined below). As of December 31, 2015, we recognized $3.4 million in deferred financing costs associated with entering into a $400.0 million senior unsecured revolving credit facility (as defined below) upon completion of the IPO and $0.1 million in deferred financing costs associated with entering into a $15.7 million mortgage loan upon acquisition of DEA - Pleasanton. Additionally, for the year ended December 31, 2016 and 2015 we recognized $0.9 million and $0.8 million in accumulated amortization of these deferred financing costs, respectively.
Interest Rate Swaps	Interest Rate Swaps The Company’s primary objective in using interest rate derivatives are to add stability to interest expense and to manage exposure to interest rate movements. To accomplish this objective, we primarily use interest rate swaps as part of our interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable- rate amounts from a counterparty in exchange for our making fixed- rate payments over the life of the agreements without exchange of the underlying notional amount. Derivatives are used to hedge the cash flows associated with interest rates on existing debt as well as future debt. We recognize derivatives as assets or liabilities on the balance sheet at fair value. We defer the effective portion of changes in fair value of the designated cash flow hedges to accumulated other comprehensive income (“AOCI”) or loss (“AOCL”) and reclassify such deferrals to interest expense as interest expense is recognized on the hedged forecasted transitions. We recognize the ineffective portion of the change in fair value of interest rate derivatives directly in interest expense. When an interest rate swap designated as a cash flow hedge no longer qualified for hedge accounting, we recognize changes in fair value of the hedge previously deferred to AOCI or AOCL, along with any changes in fair value occurring thereafter, through earnings. We do not use interest rate derivatives for trading or speculative purposes. We manage counterparty risk by only entering into contracts with major financial institutions based upon their credit ratings and other risk factors. We use standard market conventions and techniques such as discounted cash flow analysis, option pricing models, replacement cost and termination cost in computing the fair value of derivatives at each balance sheet date. The Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. Please refer to Note 5 for more information pertaining to interest rate derivatives.
Non-controlling Interests	Non-Controlling Interests Non-controlling interests relate to the common units of the Operating Partnership not owned by the Company. Common units are owned by the limited partners who contributed properties and other assets to the Operating Partnership in exchange for common units. The Company contributed the net proceeds from the IPO to the Operating Partnership in exchange for common units. Fifteen months after the IPO, limited partners of the Operating Partnership, other than the Company, had the right to require the Operating Partnership to redeem part or all of their common units for cash, based upon the value of an equivalent number of shares of the Company’s common stock at the time of the election to redeem, or, at the Company’s election, shares of the Company’s common stock on a one-for-one basis. Unitholders receive a distribution per unit equivalent to the dividend per share of the Company’s common stock. Pursuant to the consolidation accounting standard with respect to the accounting and reporting for non-controlling interest changes and changes in ownership interest of a subsidiary, changes in parent’s ownership interest when the parent retains controlling interest in the subsidiary should be accounted for as equity transactions. The carrying amount of the non-controlling interest shall be adjusted to reflect the change in its ownership interest in the subsidiary, with the offset to equity attributable to the Company. Non-Controlling Interest The Company addresses the accounting and reporting standards for ownership interests in subsidiaries held by parties other than the parent, the amount of consolidated capital resulting from operations attributable to the parent and to the non-controlling interest, the changes in a parent’s ownership interest, and the valuation of retained non-controlling equity investments when a subsidiary is deconsolidated in accordance with ASC 810 “Consolidation”. Prior to the IPO, all of the partners invested in the Easterly Funds represented a non-controlling interest. In addition, prior to the IPO, a third-party member had invested in Federal Properties, GP, LLC, an entity included within the Predecessor, which also represented a non-controlling interest.
Revenue Recognition	Revenue Recognition Rental income includes base rents paid by each tenant in accordance with its lease agreement conditions. We recognize rental income on a straight-line basis over the lease term of the respective leases. For acquisitions of existing buildings, we recognize rental income from leases already in place coincident with the date of property closing. Lease incentives are recorded as a deferred asset and amortized as a reduction of revenue on a straight-line basis over the respective lease term. Above- and below-market leases are amortized into rental income over the terms of the respective leases. Tenant reimbursement income (scheduled rent increases based on increases in real estate taxes, operating expenses and utility usage, projects and other reimbursements) is recognized by us in the consolidated statements of operations when earned and when their amounts can be reasonably estimated. For the year ended December 31, 2016, we incurred $3.8 million in expenses associated with projects and other services that were fully reimbursed by our tenants and $0.5 million in associated income. For the year ended December 31, 2015, we incurred $1.2 million in expenses associated with projects and other services that were fully reimbursed by our tenants and $0.2 million in associated income. For both the year ended December 31, 2016 and December 31, 2015, fully reimbursed income was included within “Tenant reimbursements” and associated expenses were included in “Property operating” expenses. Income on these projects was included in “Other income” for both the year ended December 31, 2016 and December 31, 2015.
Income Taxes	Income Taxes We believe that we have operated and have been organized in conformity with the requirements for qualification and taxation as a REIT for U.S. federal income tax purposes commencing with our taxable year ended December 31, 2015. So long as we qualify as a REIT, we generally will not be subject to U.S. federal income tax on our net income that we distribute to our stockholders. To maintain our qualification as a REIT, we are required under the Code to distribute at least 90% of our REIT taxable income (without regard to the deduction for dividends paid and excluding net capital gains) to our stockholders and meet certain other requirements. If we fail to qualify as a REIT in any taxable year, we will be subject to U.S. federal income tax on our taxable income at regular corporate rates. Even if we qualify as a REIT, we will be subject to certain U.S. federal, state and local taxes on our income and property, and on taxable income that we do not distribute to our stockholders. In addition, we may provide services that are not customarily provided by a landlord, hold properties for sale and engage in other activities (such as a management business) through Taxable REIT Subsidiaries (“TRSs”) and the income of those subsidiaries will be subject to U.S. federal income tax at regular corporate rates. For the years ended December 31, 2016 and 2015, we did not incur any material tax liability associated with any of the above. We do not anticipate any potential expense related to uncertain tax positions as we closely monitor our REIT compliance, do not have any prohibited transactions related to property sales, and neither the states in which we operate nor our foreign investors subject us to withholding tax requirements. The following table reconciles GAAP net income to taxable income: For the years ended December 31, 2016 2015 Net income (loss) $ 4,737 $ (6,045 ) Book depreciation and amortization 46,557 33,483 Above/Below market lease amortization (7,153 ) (4,866 ) Book/Tax differences on offering and acquisition costs at IPO — 2,928 Book/Tax differences on unearned rent (37 ) 2,138 Book/Tax differences on stock based compensation 2,780 1,867 Book/Tax differences on post IPO property acquisition costs 620 856 Other book/tax differences, net 793 (434 ) Tax depreciation (20,622 ) (16,451 ) Loss attributable to non-controlling interest (8,474 ) (7,956 ) Loss attributable to predecessor — 5,581 Taxable income subject to distribution requirements $ 19,201 (1) $ 11,101 (2) (1) The Company’s distributions are characterized as 59.32% ordinary taxable dividend and 40.68% return of capital. (2) The Company’s distributions are characterized as 85.06% ordinary taxable dividend and 14.94% return of capital.
Stock Based Compensation	Stock Based Compensation Prior to the completion of the IPO, our board of directors adopted, and our sole stockholder approved, our 2015 Equity Incentive Plan, under which we may grant future cash and equity incentive awards to our executive officers, non-employee directors and eligible employees. See Note 7 (Equity) for further information. The shares issued to officers, employees, and non-employee directors vest over a period of time as determined by our board of directors at the date of grant. The Company recognizes compensation expense for non-vested shares granted to officers, employees and non-employee directors on a straight-line basis over the requisite service and/or performance period based upon the fair market value of the shares on the date of grant, as adjusted for forfeitures. Our board of directors approved the issuance of 891,000 long-term incentive plan units in the Operating Partnership (“LTIP units”) on May 6, 2015 and 40,000 LTIP units on February 26, 2016 to members of management under a long-term incentive plan. Earned awards (if any) will vest 50% on February 15, 2018 and 50% on February 6, 2019, subject to our achieving certain absolute and relative total shareholder returns and management’s continued employment. Vesting will be accelerated in the event of a change in control, termination of employment by us without cause, or termination of employment by the award recipient for good reason, death, disability or retirement. If there is a change of control prior to February 15, 2018, earned awards will be calculated based on total shareholder return performance up to the date of the change of control. The LTIP unit awards (i) are subject to forfeiture to the extent awards are not earned and (ii) prior to the performance measurement date are only entitled to one-tenth (10%) of the regular quarterly distributions payable on common units. We measure the LTIP unit awards at the fair value on date of grant. The Company recognizes compensation expense for non-vested units granted to members of our management team, by tranche, on a straight-line basis over the requisite service and/or performance period based upon the fair market value of the units on the date of grant, as adjusted for forfeitures.
Earnings Per Share of Common Stock Amount	Earnings Per Share of Common Stock Amount Basic earnings per share is calculated by dividing net income available to Easterly Government Properties Inc. by the weighted-average number of shares of common stock outstanding during the period, excluding the weighted average number of unvested restricted shares. Diluted earnings per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period plus other potentially dilutive securities such as stock grants or shares that would be issued in the event that common units of the Operating Partnership are redeemed for shares of common stock of the Company. Unvested restricted shares and LTIP units are considered participating securities which require the use of the two-class method for the computation of basic and diluted earnings per share.
Deferred Offering Costs	Deferred Offering Costs The Company capitalizes certain legal, accounting and other third party fees that are directly associated with in-process equity financings as other assets until such financings are consummated. After consummation of the equity financing, these costs are recorded as a reduction to capital. Should the equity financing no longer be considered probable of being consummated, the deferred offering costs would be expensed immediately as a charge to corporate general and administrative expenses in the accompanying combined statement of operations.
Segments	Segments The Company manages its operations as a single segment for the purposes of assessing performance and making operating decisions. All revenue has been generated in the United States and all tangible assets are held in the United States.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements During 2016, the Company adopted accounting guidance under ASC Topic 810, "Consolidation,” modifying the analysis it must perform to determine whether it should consolidate certain types of legal entities. The guidance does not amend the existing disclosure requirements for variable interest entities (“VIEs”) or voting interest model entities. The guidance, however, modified the requirements to qualify under the voting interest model. Under the revised guidance, the Operating Partnership will be a variable interest entity of the Company. As the Operating Partnership is already consolidated in the financial statements of the Company, the identification of this entity as a variable interest entity has no impact on the consolidated financial statements of the Company. There were no other legal entities qualifying under the scope of the revised guidance that were consolidated as a result of the adoption. In addition, there were no other voting interest entities under prior existing guidance determined to be variable interest entities under the revised guidance. During 2016, the Company adopted and retrospectively applied ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” As a result all debt issuance costs paid to third parties, other than the lender, incurred to issue mortgage debt are presented on the balance sheet as a direct deduction from the carrying value. Debt issuance costs related to our senior unsecured revolving credit facility will continue to be presented as an asset on the balance sheet. Debt issuance costs related to our senior unsecured term loan facility (as defined below) will be presented as an asset on the balance sheet until a draw is made, at which time the debt issuance costs will be a direct deduction from the carrying value. During 2016, the Company adopted ASU 2015 – 16, Simplifying the Accounting for Measurement Period Adjustments (Topic 805), which addresses provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period. The implementation of this update did not have an impact in our consolidated financial statements. During 2016, the Company adopted ASU 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern, and to provide certain disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. The implementation of this update did not have an impact in our consolidated financial statements.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers and will replace most existing revenue recognition guidance when it becomes effective. In July 2015, the FASB deferred by one year the mandatory effective date of ASU 2014-09 from January 1, 2017 to January 1, 2018. Early adoption is permitted, but not prior to the original effective date of January 1, 2017. ASU 2014-09 permits the use of either the retrospective or cumulative effect transition method. The Company is in the process of evaluating the impact of this new guidance. In February 2016, the FASB issued ASU No. 2016-02, Leases, which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase of the leased asset by the lessee. This classification will determine whether the lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for in the same manner as operating leases today. As of December 31, 2016, the Company had a sublease for office space in Washington D.C. expiring in June 2021 and a sublease for office space in San Diego, CA expiring in April 2017. The remaining contractual payments under the Company’s lease and sublease for office space aggregate $1.4 million. Additionally, ASU 2016-02 will require that lessees and lessors capitalize, as initial direct costs, only those costs that are incurred due to the execution of a lease. Under ASU 2016-02, allocated payroll costs and other costs that are incurred regardless of whether the lease is obtained will no longer be capitalized as initial direct costs and instead will be expensed as incurred. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. ASU No. 2016-02 is effective for reporting periods beginning after December 15, 2018, with early adoption permitted. The standard permits the use of either the retrospective or modified retrospective transition method. The Company is in the process of evaluating this new guidance. In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation, which identifies areas for simplification involving several aspects of accounting for share-based payment transactions. The new guidance allows for entities to make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. In addition, the guidance allows employers to withhold shares to satisfy minimum statutory tax withholding requirements up to the employees’ maximum individual tax rate without causing the award to be classified as a liability. The guidance also stipulates that cash paid by an employer to a taxing authority when directly withholding shares for tax-withholding purposes should be classified as a financing activity on the statement of cash flows. ASU No. 2016-09 is effective for reporting periods beginning after December 15, 2016. The implementation of this update will not have a material impact in our consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230), which provides classification guidance for certain cash receipts and cash payments including payment of debt extinguishment costs, settlement of zero-coupon debt instruments, insurance claim payments and distributions from equity method investees. The standard is effective on January 1, 2018, with early adoption permitted. The Company is in the process of evaluating the impact of this new guidance. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230), which requires that the statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The standard is effective on January 1, 2018, with early adoption permitted. The Company is in the process of evaluating the impact of this new guidance. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805), which clarifies the framework for determining whether an integrated set of assets and activities meets the definition of a business. The revised framework establishes a screen for determining whether an integrated set of assets and activities is a business and narrows the definition of a business, which is expected to result in fewer transactions being accounted for as business combinations. Acquisitions of integrated sets of assets and activities that do not meet the definition of a business are accounted for as asset acquisitions. This update is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted for transactions that have not been reported in previously issued (or available to be issued) financial statements and shall be applied on a prospective basis. The Company currently expenses transaction costs associated with business combinations. Upon adoption of ASU 2017-01 the Company believes most of our future acquisitions of operating properties will qualify as asset acquisitions and most future transaction costs associated with these acquisitions will be capitalized.
Real Estate Investments	Real Estate Investments Real estate investments represent investments in real estate entities that own real estate assets and are stated at the fair value of the net equity interest in the real estate investments as discussed below. Subsequent changes in fair value are recorded as unrealized gains or losses. Upon the disposition of a real estate investment, realized gains and losses are determined by deducting the proceeds received by the Predecessor from the basis of the real estate investment; any previously unrealized gains and losses are reversed. Distributions from real estate entities are recorded as dividend income when received to the extent distributed from the estimated taxable earnings and profits of the underlying investment vehicle and as a return of capital to the extent not in excess of that amount. Under investment company accounting, the statements of operations reflect the change in fair value of the real estate investments of the Easterly Funds, prior to the IPO, whether realized or unrealized.
Fair Value of Investments	Fair Value of Investments The fair value of the real estate investments is determined using a fair value hierarchy. The fair value hierarchy is based on the observability of inputs used to measure fair value and requires additional disclosure regarding the fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between marketplace participants at the measurement date (exit price). The fair value of an asset or a liability disregards transaction costs and assumes the asset or liability’s highest and best use. As the investments are in entities that invest in real estate, the estimated values are based on the underlying assets, liabilities, and cash flows of the related properties. The three levels of the fair value hierarchy are described below: Level 1 Valuation is based upon quoted prices for identical assets or liabilities in an active market. Level 2 Valuation is based upon observable inputs: a) Quoted prices for similar assets or liabilities in active markets, b) Quoted prices for identical or similar assets or liabilities in not active markets, or c) Model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 Valuation is based upon prices or valuation techniques that require assumptions not observable in the market which are significant to the overall fair value measurement. These unobservable inputs reflect the Predecessor’s own estimates about the assumptions that market participants would use in pricing the asset or liability (including assumptions about risk). Valuation techniques include the use of discounted cash flow models, and similar techniques.

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of Range of useful Lives For Depreciable Assets	Range of useful lives for depreciable assets are as follows: Category Term Buildings 40 years Building improvements 5 - 40 years Tenant improvements Shorter of remaining life of the lease or useful life Furniture and equipment 3 - 7 years
Reconciliation of GAAP Net Income to Taxable Income	The following table reconciles GAAP net income to taxable income: For the years ended December 31, 2016 2015 Net income (loss) $ 4,737 $ (6,045 ) Book depreciation and amortization 46,557 33,483 Above/Below market lease amortization (7,153 ) (4,866 ) Book/Tax differences on offering and acquisition costs at IPO — 2,928 Book/Tax differences on unearned rent (37 ) 2,138 Book/Tax differences on stock based compensation 2,780 1,867 Book/Tax differences on post IPO property acquisition costs 620 856 Other book/tax differences, net 793 (434 ) Tax depreciation (20,622 ) (16,451 ) Loss attributable to non-controlling interest (8,474 ) (7,956 ) Loss attributable to predecessor — 5,581 Taxable income subject to distribution requirements $ 19,201 (1) $ 11,101 (2) (1) The Company’s distributions are characterized as 59.32% ordinary taxable dividend and 40.68% return of capital. (2) The Company’s distributions are characterized as 85.06% ordinary taxable dividend and 14.94% return of capital.

Real Estate and Intangibles (Ta

Real Estate and Intangibles (Tables)	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
Summary of Real Estate Properties Acquired in Formation Transactions	As part of the formation transactions, we acquired the following properties, as set forth in the table below: Property Location Property Type Rentable Square Easterly Portfolio IRS - Fresno Fresno, CA Office 180,481 PTO- Arlington Arlington, VA Office 189,871 FBI - San Antonio San Antonio, TX Office 148,584 FBI - Omaha Omaha, NE Office 112,196 ICE - Charleston North Charleston, SC Office 86,733 DOT - Lakewood Lakewood, CO Office 122,225 USFS II - Albuquerque Albuquerque, NM Office 98,720 USFS I - Albuquerque Albuquerque, NM Office 92,455 AOC - Del Rio Del Rio, TX Courthouse/Office 89,880 DEA - Dallas Dallas, TX Office 71,827 DEA - Albany Albany, NY Office 31,976 FBI - Little Rock Little Rock, AR Office 101,977 CBP - Sunburst Sunburst, MT Office 33,000 USCG - Martinsburg Martinsburg, WV Office 59,547 MEPCOM - Jacksonville Jacksonville, FL Office 30,000 Total 1,449,472 Western Devcon CBP - Savannah Savannah, GA Laboratory 35,000 AOC - El Centro El Centro, CA Courthouse/Office 46,813 DEA - Vista Vista, CA Laboratory 54,119 DEA - Santa Ana Santa Ana, CA Office 39,905 CBP - Chula Vista Chula Vista, CA Office 59,397 DEA - North Highlands Sacramento, CA Office 37,975 DEA - Otay San Diego, CA Office 32,560 DEA - Riverside Riverside, CA Office 34,354 SSA - Mission Viejo Mission Viejo, CA Office 11,590 SSA - San Diego San Diego, CA Office 11,743 DEA - San Diego San Diego, CA Warehouse 16,100 2650 SW 145th Avenue - Parbel of Florida Miramar, FL Warehouse/Distribution 81,721 5998 Osceola Court - United Technologies Midland, GA Warehouse/Manufacturing 105,641 501 East Hunter Street - Lummus Corporation Lubbock, TX Warehouse/Distribution 70,078 Total 636,996
Fair Values of Assets Acquired and Liabilities Assumed	The fair values of the assets acquired and liabilities assumed upon completion of the formation transactions are as follows (dollars in thousands): Easterly Western Devcon, Inc. Total Real estate Land $ 43,681 $ 35,573 $ 79,254 Building 411,472 107,424 518,896 Acquired tenant improvements 27,441 4,388 31,829 Total real estate 482,594 147,385 629,979 Intangible assets In-place leases 61,218 21,308 82,526 Acquired leasing commissions 11,257 4,350 15,607 Above-market leases 2,644 7,763 10,407 Total intangible assets 75,119 33,421 108,540 Intangible liabilities Below-market leases (34,383 ) (2,322 ) (36,705 ) Total intangible liabilities (34,383 ) (2,322 ) (36,705 ) Debt assumed/ repaid in formation transaction (271,622 ) (92,087 ) (363,709 ) Net current assets transferred 8,979 — 8,979 Net assets acquired $ 260,687 $ 86,397 $ 347,084 Post Formation Acquisition Activities During the year ended December 31, 2016, we acquired seven operating properties, ICE – Albuquerque, NPS – Omaha, DEA – Birmingham, FBI – Birmingham, EPA – Kansas City, FBI – Albany and AOC – South Bend for an aggregate purchase price of $156.9 million. For the period from February 11, 2015 to December 31, 2015, we acquired seven operating properties, DOE – Lakewood, AOC – Aberdeen, ICE – Otay, DEA – Pleasanton, USCIS – Lincoln, DEA – Dallas Lab and FBI – Richmond for an aggregate purchase price of $170.9 million. We allocated the purchase prices of these acquisitions based on the estimated fair values of the acquired assets and assumed liabilities as follows (dollars in thousands): December 31, 2016 December 31, 2015 Real estate Land $ 8,496 $ 18,645 Building 127,430 136,456 Acquired tenant improvements 5,070 3,037 Total real estate 140,996 158,138 Intangible assets In-place leases 18,742 21,393 Acquired leasing commissions 2,949 4,628 Above-market leases — 224 Total intangible assets 21,691 26,245 Intangible liabilities Below-market leases (5,798 ) (13,995 ) Total intangible liabilities (5,798 ) (13,995 ) Prepaid expenses and other assets Contingent consideration — 518 Purchase price $ 156,889 $ 170,906
Proforma Financial Information of Future Operating Results	The pro forma information is not necessarily indicative of the results that actually would have occurred nor does it intend to indicate future operating results (dollars in thousands): For the years ended December 31, Proforma (unaudited) 2016 2015 Total rental revenue $ 113,388 $ 110,262 Net income (loss) (1) 7,078 6,751
Schedule of Real Estate and Intangibles	Real estate and intangibles on our consolidated balance sheets consisted of the following (dollars in thousands): December 31, 2016 December 31, 2015 Real estate properties, net Land $ 112,162 $ 97,899 Building 784,511 655,832 Acquired tenant improvements 39,936 34,866 Construction in progress 4,619 — Accumulated amortization (40,162 ) (16,590 ) Total Real estate properties, net $ 901,066 $ 772,007 Intangible assets, net In-place leases $ 122,661 $ 103,919 Acquired leasing commissions 23,184 20,235 Above market leases 10,631 10,631 Accumulated amortization (42,681 ) (18,200 ) Total Intangible assets, net $ 113,795 $ 116,585 Intangible liabilities, net Below market leases $ (56,498 ) $ (50,700 ) Accumulated amortization 14,658 6,095 Total Intangible liabilities, net $ (41,840 ) $ (44,605 )
Amortization of Total Intangible Assets and Intangible Liabilities	The net projected amortization of total intangible assets and intangible liabilities as of December 31, 2016 are as follows (dollars in thousands): Total Intangible assets 2017 25,956 2018 22,072 2019 16,067 2020 13,080 2021 8,921 Thereafter 27,699 $ 113,795 Intangible liabilities 2017 (9,569 ) 2018 (8,936 ) 2019 (6,422 ) 2020 (5,736 ) 2021 (3,895 ) Thereafter (7,282 ) $ (41,840 )

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2016
Summary of Borrowings	Our borrowings consisted of the following (dollars in thousands): December 31, 2016 December 31, 2015 Senior unsecured revolving credit facility $ 212,167 $ 154,417 Mortgage debt 80,806 83,785 Total $ 292,973 $ 238,202
Schedule of Aggregate Debt Maturities	The Company’s aggregate debt maturities based on outstanding principal as of December 31, 2016 are as follows (dollars in thousands): Total 2017 $ 2,977 2018 3,100 2019 215,396 2020 3,395 2021 4,054 Thereafter 63,625 292,547 Unamortized premium/discount & deferred financing 426 $ 292,973
Mortgage Notes Payable, Net [Member]
Summary of Mortgage Debt	The table below provides a summary of our mortgage debt at December 31, 2016 (dollars in thousands): Property Fixed/Floating Contractual Interest Rate Effective Interest Rate Maturity Date Principal Balance Premium/Discount Deferred Financing Carrying Value CBP - Savannah Fixed 3.40% 4.12% July 2033 14,907 $ (776 ) $ - $ 14,131 ICE - Charleston Fixed 4.21% 3.93% January 2027 20,921 357 - 21,278 MEPCOM - Fixed 4.41% 3.89% October 11,661 275 - 11,936 USFS II - Albuquerque Fixed 4.46% 3.92% July 2026 17,191 605 - 17,796 DEA - Pleasanton Floating LIBOR + 150bps 1.80% October 2023 15,700 - (35 ) 15,665 Total $ 80,380 $ 461 $ (35 ) $ 80,806 The table below provides a summary of our mortgage debt at December 31, 2015 (dollars in thousands): Property Fixed/Floating Contractual Interest Rate Effective Interest Rate Maturity Date Principal Balance Premium/Discount Carrying Value CBP - Savannah Fixed 3.40% 4.12% July 2033 15,580 $ (853 ) $ 14,727 ICE - Charleston Fixed 4.21% 3.93% January 2027 21,993 403 22,396 MEPCOM - Fixed 4.41% 3.89% October 12,489 323 12,812 USFS II - Albuquerque Fixed 4.46% 3.92% July 2026 17,477 673 18,150 DEA - Pleasanton Floating LIBOR + 150bps 1.80% October 2023 15,700 - 15,700 Total $ 83,239 $ 546 $ 83,785

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2016, aggregated by the level in the fair value hierarchy within which those measurements fall. As of December 31, 2016 Balance Sheet Line Item Level 1 Level 2 Level 3 Interest rate swaps - Asset $ — $ 3,785 $ —
Roll-forward of Amounts for Investments Classified Within Level 3	The following table includes a roll-forward of the amounts of investments classified within Level 3 for the year ended December 31, 2015. The classification of an investment within Level 3 is based upon the significance of the unobservable inputs to the overall fair value measurement. Balance at December 31, 2014 $ 267,683 Contributions to investments 257 Net change in unrealized (depreciation) appreciation (5,122 ) Sale of investments to the Operating Partnership (262,818 ) Balance at December 31, 2015 $ -

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Summary of Non-vested Common Share Awards	A summary of our non-vested common share awards at December 31, 2016 and 2015 is as follows: Restricted Shares Restricted Shares Weighted average grant date fair value LTIP Units LTIP Units Weighted average grant date fair value Outstanding December 31, 2014 — $ — — $ — Vested — — — — Granted 26,667 15.00 891,000 8.67 Forfeited — — — — Outstanding, December 31, 2015 26,667 $ 15.00 891,000 $ 8.67 Vested (26,667 ) $ 15.00 — $ — Granted 16,128 18.60 40,000 14.15 Forfeited — — (5,000 ) 8.67 Outstanding, December 31, 2016 16,128 $ 18.60 926,000 $ 8.91
Summary of Dividends Declared	A summary of dividends declared by the board of directors per share of common stock and per common unit of our operating partnership at the date of record is as follows: Quarter Declaration Date Record Date Pay Date Dividend (1) Q1 2015 May 6, 2015 May 18, 2015 June 3, 2015 $ 0.11 Q2 2015 August 4, 2015 August 18, 2015 September 3, 2015 0.21 Q3 2015 November 3, 2015 November 17, 2015 December 3, 2015 0.22 Q4 2015 February 26, 2016 March 10, 2016 March 25, 2016 0.22 Q1 2016 May 4, 2016 June 8, 2016 June 23, 2016 0.23 Q2 2016 August 3, 2016 August 26, 2016 September 13, 2016 0.23 Q3 2016 November 3, 2016 December 7, 2016 December 22, 2016 0.24 Q4 2016 February 23, 2017 March 7, 2017 March 22, 2017 0.24 (1) Our board of directors also declared a dividend for each LTIP unit in an amount equal to 10% of the dividend paid per common unit of our operating partnership.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Summary of Basic and Diluted Earnings Per Common Share	The following table sets forth the computation of the Company’s basic and diluted earnings per share of common stock for the years ended December 31, 2016 and 2015 (amounts in thousands, except per share amounts): For the years ended December 31, 2016 2015 Numerator Net income (loss) $ 4,737 $ (6,045 ) Less: Non-controlling interest in Operating Partnership (1,322 ) 4,351 Net income (loss) available to Easterly Government Properties, Inc. 3,415 (1,694 ) Less: Dividends on participating securities (102 ) (63 ) Net income (loss) available to common stockholders $ 3,313 $ (1,757 ) Denominator for basic EPS 30,645,279 21,430,016 Dilutive effect of share-based compensation awards 13,691 — Dilutive effect of LTIP units 1,713,568 — Denominator for basic and diluted EPS 32,372,538 21,430,016 Basic EPS $ 0.11 $ (0.08 ) Diluted EPS $ 0.10 $ (0.08 )

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Summary of Future Non Cancellable Minimum Contractual Rent Payments	Our rental properties are subject to generally non-cancelable operating leases generating future minimum contractual rent payments due from tenants. As of December 31, 2016, future non-cancelable minimum contractual rent payments are as follows (dollars in thousands): Payments due by period Total 2017 2018 2019 2020 2021 Thereafter Operating Leases Minimum lease payments $ 475,020 74,467 71,727 64,877 57,199 46,680 160,070

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Summary of Future Non Cancellable Minimum Contractual Rent Payments	Our rental properties are subject to generally non-cancelable operating leases generating future minimum contractual rent payments due from tenants. As of December 31, 2016, future non-cancelable minimum contractual rent payments are as follows (dollars in thousands): Payments due by period Total 2017 2018 2019 2020 2021 Thereafter Operating Leases Minimum lease payments $ 475,020 74,467 71,727 64,877 57,199 46,680 160,070
Corporate Office Leases [Member]
Summary of Future Non Cancellable Minimum Contractual Rent Payments	Future minimum rental payments under the Company’s corporate office leases as of December 31, 2016 are summarized as follows (amounts in thousands): Payments due by period Total 2017 2018 2019 2020 2021 Thereafter Corporate office leases Minimum lease payments $ 1,371 319 286 298 309 159 –

Selected Quarterly Financial 32

Selected Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Summary of Unaudited Quarterly Results of Operations	The following is a summary of our unaudited quarterly results of operations for 2016 (amounts in thousands): First Quarter Second Quarter Third Quarter Fourth Quarter Total revenues $ 23,971 $ 24,921 $ 26,975 $ 28,751 Net income (loss) available to Easterly Government Properties, Inc. 675 699 895 1,146 Net income (loss) available to Easterly Government Properties, Inc. per share (basic and diluted) $ 0.03 $ 0.02 $ 0.02 $ 0.03 The following is a summary of our unaudited quarterly results of operations for 2015 (amounts in thousands): First Quarter Second Quarter Third Quarter Fourth Quarter Total revenues $ 10,091 $ 19,256 $ 19,857 $ 22,174 Net income (loss) available to Easterly Government Properties, Inc. (2,885 ) 588 498 105 Net income (loss) available to Easterly Government Properties, Inc. per share (basic and diluted) $ (0.22 ) $ 0.02 $ 0.02 $ —

Organization and Basis of Pre33

Organization and Basis of Presentation - Additional Information (Detail) $ / shares in Units, $ in Thousands, ft² in Millions	Feb. 11, 2015USD ($)Property$ / sharesshares	Dec. 31, 2016ft²Property	Dec. 31, 2015USD ($)Property
Organization And Significant Accounting Policies [Line Items]
Gross proceeds from initial public offering | $	$ 207,000
Debt payoff | $	$ 293,400		$ 293,381
Outstanding common units of partnership interest owned percentage		80.30%
Western Devcon, Inc [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties	14
Number of stock units exchanged | shares	5,759,819
Management Entities [Member]
Organization And Significant Accounting Policies [Line Items]
Number of stock units exchanged | shares	1,135,406
DOE - Lakewood and AOC - Aberdeen and ICE - Otay and DEA - Pleasanton and USCIS - Lincoln and DEA - Dallas Lab and FBI - Richmond [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties			7
ICE – Albuquerque and NPS – Omaha and DEA – Birmingham and FBI – Birmingham and EPA – Kansas City and FBI – Albany and AOC – South Bend [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties		7
FDA – Alameda [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties		1
Easterly Funds [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties	15
Common stock shares exchanged | shares	3,308,000
Number of stock units exchanged | shares	8,635,714
IPO [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties	15
Shares issued, number of shares | shares	13,800,000
Par value per share | $ / shares	$ 15
Net proceeds from initial public offering | $	$ 191,600
Over-Allotment Option [Member]
Organization And Significant Accounting Policies [Line Items]
Shares issued, number of shares | shares	1,800,000
Private Placement [Member]
Organization And Significant Accounting Policies [Line Items]
Shares issued, number of shares | shares	7,033,712
Shares issued, price per share | $ / shares	$ 15
Wholly Owned Operating Properties [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties		43
Aggregate area of land | ft²		3.1
Wholly Owned Operating Properties [Member] | Government [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties		40
Wholly Owned Operating Properties [Member] | Private Tenants [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties		3
Wholly Owned Properties Under Development [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties		1
Aggregate area of land | ft²		0.1

Summary of Significant Accoun34

Summary of Significant Accounting Policies - Summary of Range of useful Lives For Depreciable Assets (Detail)	12 Months Ended
	Dec. 31, 2016
Building [Member]
Property Plant And Equipment [Line Items]
Useful lives for depreciable assets	40 years
Building Improvements [Member] | Minimum [Member]
Property Plant And Equipment [Line Items]
Useful lives for depreciable assets	5 years
Building Improvements [Member] | Maximum [Member]
Property Plant And Equipment [Line Items]
Useful lives for depreciable assets	40 years
Furniture and Equipment [Member] | Minimum [Member]
Property Plant And Equipment [Line Items]
Useful lives for depreciable assets	3 years
Furniture and Equipment [Member] | Maximum [Member]
Property Plant And Equipment [Line Items]
Useful lives for depreciable assets	7 years

Summary of Significant Accoun35

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	1 Months Ended	12 Months Ended
	Oct. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Feb. 26, 2016	May 06, 2015	Feb. 11, 2015
Accounting Policies [Line Items]
Amortization of deferred financing costs		$ 899,000	$ 756,000
Tenant reimbursements		10,647,000	6,233,000
Property operating expenses		21,078,000	13,340,000
Other income		$ 607,000	203,000
Dividend rate percentage		10.00%
Remaining contractual payments under lease and sublease for office space		$ 475,020,000
Corporate Office Leases [Member]
Accounting Policies [Line Items]
Remaining contractual payments under lease and sublease for office space		$ 1,371,000
DISTRICT OF COLUMBIA | Sublease [Member]
Accounting Policies [Line Items]
Operating lease agreement expire date	Jun. 30, 2021	Jun. 30, 2021
California [Member] | Sublease [Member]
Accounting Policies [Line Items]
Operating lease agreement expire date		Apr. 30, 2017
Long Term Incentive Plan [Member]
Accounting Policies [Line Items]
Issuing of LTIP units of limited partnership interest				40,000	891,000
Long Term Incentive Plan [Member] | Tranche One [Member]
Accounting Policies [Line Items]
Percentage of shares vest under long term incentive plan		50.00%
Long Term Incentive Plan [Member] | Tranche Two [Member]
Accounting Policies [Line Items]
Percentage of shares vest under long term incentive plan		50.00%
Projects and Other Services [Member]
Accounting Policies [Line Items]
Tenant reimbursements		$ 3,800,000	1,200,000
Property operating expenses		3,800,000	1,200,000
Other income		$ 500,000	200,000
Minimum [Member]
Accounting Policies [Line Items]
Distribution of REIT taxable income		90.00%
Mortgage Debt [Member] | DEA Pleasanton [Member]
Accounting Policies [Line Items]
Mortgage loan associated with deferred financing costs			15,700,000
Mortgage Debt [Member] | DEA Pleasanton [Member] | Maximum [Member]
Accounting Policies [Line Items]
Deferred financing costs			100,000
Senior Unsecured Term Loan Facility [Member]
Accounting Policies [Line Items]
Deferred financing costs		$ 1,000,000
Senior Unsecured Revolving Credit Facility [Member]
Accounting Policies [Line Items]
Deferred financing costs			3,400,000
Line of credit facility associated with deferred financing costs			$ 400,000,000			$ 400,000,000

Summary of Significant Accoun36

Summary of Significant Accounting Policies - Reconciliation of GAAP Net Income to Taxable Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Net income (loss)	$ 4,737	$ (6,045)	$ 67,785
Book depreciation and amortization	46,557	33,483
Above/Below market lease amortization	(7,153)	(4,866)
Book/Tax differences on offering and acquisition costs at IPO		2,928
Book/Tax differences on unearned rent	(37)	2,138
Book/Tax differences on stock based compensation	2,780	1,867
Book/Tax differences on post IPO property acquisition costs	620	856
Other book/tax differences, net	793	(434)
Tax depreciation	(20,622)	(16,451)
Loss attributable to non-controlling interest	(8,474)	(7,956)
Loss attributable to predecessor		5,581
Taxable income subject to distribution requirements	$ 19,201	$ 11,101

Summary of Significant Accoun37

Summary of Significant Accounting Policies - Reconciliation of GAAP Net Income to Taxable Income (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Ordinary taxable dividend	59.32%	85.06%
Return of capital	40.68%	14.94%

Real Estate and Intangibles - A

Real Estate and Intangibles - Additional Information (Detail) $ in Thousands	Oct. 21, 2015ft²	Feb. 11, 2015Propertyshares	Dec. 31, 2016USD ($)Property	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)Property	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)Property	Dec. 31, 2016USD ($)Property	Dec. 31, 2015USD ($)Property	Dec. 31, 2014USD ($)
Real Estate Properties [Line Items]
Purchase price			$ 347,084									$ 347,084
Property acquisition area of laboratory acquired | ft²	42,480
Lease term	20 years											20 years
Revenues			28,751	$ 26,975	$ 24,921	$ 23,971	$ 22,174	$ 19,857	$ 19,256	$ 10,091
Net loss/income			$ 1,146	$ 895	$ 699	$ 675	$ 105	$ 498	$ 588	$ (2,885)		$ 3,415	$ (1,694)	$ 2,396
Acquisition-related costs												1,798	2,887
Formation expenses													$ 1,666
Consolidated Properties [Member]
Real Estate Properties [Line Items]
Revenues											$ 71,400	8,300
Net loss/income											$ 15,300	$ 2,500
Western Devcon, Inc [Member]
Real Estate Properties [Line Items]
Percentage of ownership			100.00%									100.00%
Number of properties | Property		14
Number of stock units exchanged | shares		5,759,819
Amount of stock units exchanged												$ 86,400
Purchase price			$ 86,397									$ 86,397
ICE – Albuquerque and NPS – Omaha and DEA – Birmingham and FBI – Birmingham and EPA – Kansas City and FBI – Albany and AOC – South Bend [Member]
Real Estate Properties [Line Items]
Number of properties | Property			7									7
Purchase price			$ 156,889									$ 156,889
Weighted average amortization period												5 years 5 months 19 days
Acquisition-related costs												$ 1,800
Internal costs related to acquisitions												$ 1,100
DOE - Lakewood and AOC - Aberdeen and ICE - Otay and DEA - Pleasanton and USCIS - Lincoln and DEA - Dallas Lab and FBI - Richmond [Member]
Real Estate Properties [Line Items]
Number of properties | Property							7				7		7
Purchase price							$ 170,906				$ 170,906		$ 170,906
Weighted average amortization period													7 years 4 months 2 days
Western Devcon and DOE - Lakewood and AOC - Aberdeen and ICE - Otay and DEA - Pleasanton and USCIS - Lincoln and DEA - Dallas Lab and FBI - Richmond [Member]
Real Estate Properties [Line Items]
Acquisition-related costs													$ 2,900
Formation expenses													$ 1,700
FDA – Alameda
Real Estate Properties [Line Items]
Number of properties | Property			1									1

Real Estate and Intangibles - S

Real Estate and Intangibles - Schedule of Transactions of Acquired Properties (Detail)	12 Months Ended
	Dec. 31, 2016ft²
Easterly Partner LLC [Member]
Real Estate Properties [Line Items]
Rentable Square Feet	1,449,472
Easterly Partner LLC [Member] | IRS Fresno [Member]
Real Estate Properties [Line Items]
Location	Fresno, CA
Property type	Office
Rentable Square Feet	180,481
Easterly Partner LLC [Member] | PTO Arlington [Member]
Real Estate Properties [Line Items]
Location	Arlington, VA
Property type	Office
Rentable Square Feet	189,871
Easterly Partner LLC [Member] | FBI San Antonio [Member]
Real Estate Properties [Line Items]
Location	San Antonio, TX
Property type	Office
Rentable Square Feet	148,584
Easterly Partner LLC [Member] | FBI Omaha [Member]
Real Estate Properties [Line Items]
Location	Omaha, NE
Property type	Office
Rentable Square Feet	112,196
Easterly Partner LLC [Member] | ICE Charleston [Member]
Real Estate Properties [Line Items]
Location	North Charleston, SC
Property type	Office
Rentable Square Feet	86,733
Easterly Partner LLC [Member] | DOT Lakewood [Member]
Real Estate Properties [Line Items]
Location	Lakewood, CO
Property type	Office
Rentable Square Feet	122,225
Easterly Partner LLC [Member] | USFS Two Albuquerque [Member]
Real Estate Properties [Line Items]
Location	Albuquerque, NM
Property type	Office
Rentable Square Feet	98,720
Easterly Partner LLC [Member] | USFS One Albuquerque [Member]
Real Estate Properties [Line Items]
Location	Albuquerque, NM
Property type	Office
Rentable Square Feet	92,455
Easterly Partner LLC [Member] | AOC Del Rio [Member]
Real Estate Properties [Line Items]
Location	Del Rio, TX
Property type	Courthouse/Office
Rentable Square Feet	89,880
Easterly Partner LLC [Member] | DEA Dallas [Member]
Real Estate Properties [Line Items]
Location	Dallas, TX
Property type	Office
Rentable Square Feet	71,827
Easterly Partner LLC [Member] | DEA Albany [Member]
Real Estate Properties [Line Items]
Location	Albany, NY
Property type	Office
Rentable Square Feet	31,976
Easterly Partner LLC [Member] | FBI Little Rock [Member]
Real Estate Properties [Line Items]
Location	Little Rock, AR
Property type	Office
Rentable Square Feet	101,977
Easterly Partner LLC [Member] | CBP Sunburst [Member]
Real Estate Properties [Line Items]
Location	Sunburst, MT
Property type	Office
Rentable Square Feet	33,000
Easterly Partner LLC [Member] | USCG Martinsburg [Member]
Real Estate Properties [Line Items]
Location	Martinsburg, WV
Property type	Office
Rentable Square Feet	59,547
Easterly Partner LLC [Member] | MEPCOM Jacksonville [Member]
Real Estate Properties [Line Items]
Location	Jacksonville, FL
Property type	Office
Rentable Square Feet	30,000
Western Devcon, Inc [Member]
Real Estate Properties [Line Items]
Rentable Square Feet	636,996
Western Devcon, Inc [Member] | CBP Savannah [Member]
Real Estate Properties [Line Items]
Location	Savannah, GA
Property type	Laboratory
Rentable Square Feet	35,000
Western Devcon, Inc [Member] | AOC El Centro [Member]
Real Estate Properties [Line Items]
Location	El Centro, CA
Property type	Courthouse/Office
Rentable Square Feet	46,813
Western Devcon, Inc [Member] | DEA Vista [Member]
Real Estate Properties [Line Items]
Location	Vista, CA
Property type	Laboratory
Rentable Square Feet	54,119
Western Devcon, Inc [Member] | DEA Santa Ana [Member]
Real Estate Properties [Line Items]
Location	Santa Ana, CA
Property type	Office
Rentable Square Feet	39,905
Western Devcon, Inc [Member] | CBP Chula Vista [Member]
Real Estate Properties [Line Items]
Location	Chula Vista, CA
Property type	Office
Rentable Square Feet	59,397
Western Devcon, Inc [Member] | DEA North Highlands [Member]
Real Estate Properties [Line Items]
Location	Sacramento, CA
Property type	Office
Rentable Square Feet	37,975
Western Devcon, Inc [Member] | DEA Otay [Member]
Real Estate Properties [Line Items]
Location	San Diego, CA
Property type	Office
Rentable Square Feet	32,560
Western Devcon, Inc [Member] | DEA Riverside [Member]
Real Estate Properties [Line Items]
Location	Riverside, CA
Property type	Office
Rentable Square Feet	34,354
Western Devcon, Inc [Member] | SSA Mission Viejo [Member]
Real Estate Properties [Line Items]
Location	Mission Viejo, CA
Property type	Office
Rentable Square Feet	11,590
Western Devcon, Inc [Member] | SSA San Diego [Member]
Real Estate Properties [Line Items]
Location	San Diego, CA
Property type	Office
Rentable Square Feet	11,743
Western Devcon, Inc [Member] | DEA San Diego [Member]
Real Estate Properties [Line Items]
Location	San Diego, CA
Property type	Warehouse
Rentable Square Feet	16,100
Western Devcon, Inc [Member] | 2650 SW 145th Avenue - Parbel of Florida [Member]
Real Estate Properties [Line Items]
Location	Miramar, FL
Property type	Warehouse/Distribution
Rentable Square Feet	81,721
Western Devcon, Inc [Member] | 5998 Osceola Court - United Technologies [Member]
Real Estate Properties [Line Items]
Location	Midland, GA
Property type	Warehouse/Manufacturing
Rentable Square Feet	105,641
Western Devcon, Inc [Member] | Distribution [Member] | 501 East Hunter Street - Lummus Corporation [Member]
Real Estate Properties [Line Items]
Location	Lubbock, TX
Property type	Warehouse/Distribution
Rentable Square Feet	70,078

Real Estate and Intangibles - F

Real Estate and Intangibles - Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Total real estate	$ 629,979
Total Intangibles	108,540
Total Deferred Market Liabilities	(36,705)
Debt assumed/ repaid in formation transaction	(363,709)
Net current assets transferred	8,979
Net assets acquired	347,084
Real Estate Investment [Member]
Business Acquisition [Line Items]
Land	79,254
Building	518,896
Acquired tenant improvements	31,829
Easterly Partner LLC [Member]
Business Acquisition [Line Items]
Total real estate	482,594
Total Intangibles	75,119
Total Deferred Market Liabilities	(34,383)
Debt assumed/ repaid in formation transaction	(271,622)
Net current assets transferred	8,979
Net assets acquired	260,687
Easterly Partner LLC [Member] | Real Estate Investment [Member]
Business Acquisition [Line Items]
Land	43,681
Building	411,472
Acquired tenant improvements	27,441
Western Devcon, Inc [Member]
Business Acquisition [Line Items]
Total real estate	147,385
Total Intangibles	33,421
Total Deferred Market Liabilities	(2,322)
Debt assumed/ repaid in formation transaction	(92,087)
Net assets acquired	86,397
Western Devcon, Inc [Member] | Real Estate Investment [Member]
Business Acquisition [Line Items]
Land	35,573
Building	107,424
Acquired tenant improvements	4,388
ICE – Albuquerque and NPS – Omaha and DEA – Birmingham and FBI – Birmingham and EPA – Kansas City and FBI – Albany and AOC – South Bend [Member]
Business Acquisition [Line Items]
Total real estate	140,996
Total Intangibles	21,691
Total Deferred Market Liabilities	(5,798)
Net assets acquired	156,889
ICE – Albuquerque and NPS – Omaha and DEA – Birmingham and FBI – Birmingham and EPA – Kansas City and FBI – Albany and AOC – South Bend [Member] | Real Estate Investment [Member]
Business Acquisition [Line Items]
Land	8,496
Building	127,430
Acquired tenant improvements	5,070
DOE - Lakewood and AOC - Aberdeen and ICE - Otay and DEA - Pleasanton and USCIS - Lincoln and DEA - Dallas Lab and FBI - Richmond [Member]
Business Acquisition [Line Items]
Total real estate		$ 158,138
Total Intangibles		26,245
Total Deferred Market Liabilities		(13,995)
Net assets acquired		170,906
Contingent consideration		518
DOE - Lakewood and AOC - Aberdeen and ICE - Otay and DEA - Pleasanton and USCIS - Lincoln and DEA - Dallas Lab and FBI - Richmond [Member] | Real Estate Investment [Member]
Business Acquisition [Line Items]
Land		18,645
Building		136,456
Acquired tenant improvements		3,037
In-place leases [Member]
Business Acquisition [Line Items]
Total Intangibles	82,526
In-place leases [Member] | Easterly Partner LLC [Member]
Business Acquisition [Line Items]
Total Intangibles	61,218
In-place leases [Member] | Western Devcon, Inc [Member]
Business Acquisition [Line Items]
Total Intangibles	21,308
In-place leases [Member] | ICE – Albuquerque and NPS – Omaha and DEA – Birmingham and FBI – Birmingham and EPA – Kansas City and FBI – Albany and AOC – South Bend [Member]
Business Acquisition [Line Items]
Total Intangibles	18,742
In-place leases [Member] | DOE - Lakewood and AOC - Aberdeen and ICE - Otay and DEA - Pleasanton and USCIS - Lincoln and DEA - Dallas Lab and FBI - Richmond [Member]
Business Acquisition [Line Items]
Total Intangibles		21,393
Acquired Leasing Commissions [Member]
Business Acquisition [Line Items]
Total Intangibles	15,607
Acquired Leasing Commissions [Member] | Easterly Partner LLC [Member]
Business Acquisition [Line Items]
Total Intangibles	11,257
Acquired Leasing Commissions [Member] | Western Devcon, Inc [Member]
Business Acquisition [Line Items]
Total Intangibles	4,350
Acquired Leasing Commissions [Member] | ICE – Albuquerque and NPS – Omaha and DEA – Birmingham and FBI – Birmingham and EPA – Kansas City and FBI – Albany and AOC – South Bend [Member]
Business Acquisition [Line Items]
Total Intangibles	2,949
Acquired Leasing Commissions [Member] | DOE - Lakewood and AOC - Aberdeen and ICE - Otay and DEA - Pleasanton and USCIS - Lincoln and DEA - Dallas Lab and FBI - Richmond [Member]
Business Acquisition [Line Items]
Total Intangibles		4,628
Above Market Leases [Member]
Business Acquisition [Line Items]
Total Intangibles	10,407
Above Market Leases [Member] | Easterly Partner LLC [Member]
Business Acquisition [Line Items]
Total Intangibles	2,644
Above Market Leases [Member] | Western Devcon, Inc [Member]
Business Acquisition [Line Items]
Total Intangibles	7,763
Above Market Leases [Member] | DOE - Lakewood and AOC - Aberdeen and ICE - Otay and DEA - Pleasanton and USCIS - Lincoln and DEA - Dallas Lab and FBI - Richmond [Member]
Business Acquisition [Line Items]
Total Intangibles		224
Below Market Leases [Member]
Business Acquisition [Line Items]
Total Deferred Market Liabilities	(36,705)
Below Market Leases [Member] | Easterly Partner LLC [Member]
Business Acquisition [Line Items]
Total Deferred Market Liabilities	(34,383)
Below Market Leases [Member] | Western Devcon, Inc [Member]
Business Acquisition [Line Items]
Total Deferred Market Liabilities	(2,322)
Below Market Leases [Member] | ICE – Albuquerque and NPS – Omaha and DEA – Birmingham and FBI – Birmingham and EPA – Kansas City and FBI – Albany and AOC – South Bend [Member]
Business Acquisition [Line Items]
Total Deferred Market Liabilities	$ (5,798)
Below Market Leases [Member] | DOE - Lakewood and AOC - Aberdeen and ICE - Otay and DEA - Pleasanton and USCIS - Lincoln and DEA - Dallas Lab and FBI - Richmond [Member]
Business Acquisition [Line Items]
Total Deferred Market Liabilities		$ (13,995)

Real Estate and Intangibles - P

Real Estate and Intangibles - Proforma Financial Information of Future Operating Results (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Real Estate [Abstract]
Total rental revenue		$ 113,388	$ 110,262
Net income (loss)	[1]	$ 7,078	$ 6,751
[1]	The net income for the year ended December 31, 2016 excludes $1.8 million of property acquisition costs. Additionally, the net income for the year ended December 31, 2015 was adjusted to include these acquisition costs and exclude the $4.6 million of property acquisition and formation costs incurred during the year ended December 31, 2015.

Real Estate and Intangibles -42

Real Estate and Intangibles - Proforma Financial Information of Future Operating Results (Detail Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
ICE – Albuquerque and NPS – Omaha and DEA – Birmingham and FBI – Birmingham and EPA – Kansas City and FBI – Albany and AOC – South Bend [Member]
Real Estate Properties [Line Items]
Property acquisition costs	$ 1.8
DOE - Lakewood and AOC - Aberdeen and ICE - Otay and DEA - Pleasanton and USCIS - Lincoln and DEA - Dallas Lab and FBI - Richmond [Member]
Real Estate Properties [Line Items]
Property acquisition and formation costs		$ 4.6

Real Estate and Intangibles -43

Real Estate and Intangibles - Schedule of Real Estate and Intangibles (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Real estate properties, net
Land	$ 112,162	$ 97,899
Building	784,511	655,832
Acquired tenant improvements	39,936	34,866
Construction in progress	4,619
Accumulated amortization	(40,162)	(16,590)
Total Real estate properties, net	901,066	772,007
Intangible assets, net
Accumulated amortization	(42,681)	(18,200)
Total Intangible assets, net	113,795	116,585
Intangible liabilities, net
Intangible Liabilities, Below market leases	(56,498)	(50,700)
Intangible Liabilities, Accumulated amortization	14,658	6,095
Total Intangible liabilities, net	(41,840)	(44,605)
In-place leases [Member]
Intangible assets, net
Above market leases	122,661	103,919
Acquired Leasing Commissions [Member]
Intangible assets, net
Above market leases	23,184	20,235
Above Market Leases [Member]
Intangible assets, net
Above market leases	$ 10,631	$ 10,631

Real Estate and Intangibles -44

Real Estate and Intangibles - Amortization of Total Intangible Assets and Intangible Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Real Estate [Abstract]
Intangible assets, 2017	$ 25,956
Intangible assets, 2018	22,072
Intangible assets, 2019	16,067
Intangible assets, 2020	13,080
Intangible assets, 2021	8,921
Intangible assets, Thereafter	27,699
Intangible assets, Total	113,795
Intangible liabilities, 2017	(9,569)
Intangible liabilities, 2018	(8,936)
Intangible liabilities, 2019	(6,422)
Intangible liabilities, 2020	(5,736)
Intangible liabilities, 2021	(3,895)
Intangible liabilities, Thereafter	(7,282)
Intangible liabilities, Total	$ (41,840)	$ (44,605)

Debt - Summary of Borrowings (D

Debt - Summary of Borrowings (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Revolving credit facility	$ 212,167	$ 154,417
Mortgage debt	80,806	83,785
Long term debt, Total	292,973	238,202
Senior Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility	$ 212,167	$ 154,417

Debt - Additional Information (

Debt - Additional Information (Detail)	Oct. 27, 2016USD ($)Swap	Sep. 29, 2016USD ($)	Feb. 11, 2015USD ($)	Dec. 31, 2016USD ($)Swap	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Outstanding borrowings				$ 212,167,000	$ 154,417,000
Unsecured Debt [Member] | Term Loan Facility [Member]
Debt Instrument [Line Items]
Term loan, face amount		$ 100,000,000
Maturity Date		Sep. 29, 2023
Debt instrument delayed draw period		180 days
Debt instrument prepayment without penalty starting period		2018-10
Debt instrument, variable rate description				(1) a fluctuating rate equal to the sum of (a) the highest of (x) PNC Bank, National Association’s base rate, (y) the federal funds open rate plus 0.50% and (z) the daily Eurodollar rate plus 1.00% plus (b) a margin ranging from 0.7% to 1.35%, or (2) a Eurodollar rate equal to a periodic fixed rate equal to LIBOR plus, a margin ranging from 1.7% to 2.35%, in each case with a margin based on our leverage ratio.
Percentage of prepayment penalty during first twelve months		2.00%
Percentage of prepayment penalty next twelve months		1.00%
Mortgage Notes Payable, Net [Member]
Debt Instrument [Line Items]
Secured nonrecourse debt				$ 293,400,000
Fair value of debt				$ 79,400,000	82,700,000
Federal Funds Open Rate [Member] | Unsecured Debt [Member] | Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin		0.50%
Eurodollar [Member] | Unsecured Debt [Member] | Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin		1.00%
LIBOR [Member] | Unsecured Debt [Member] | Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin		1.70%
Minimum [Member] | Eurodollar [Member] | Unsecured Debt [Member] | Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin		0.70%
Minimum [Member] | LIBOR [Member] | Unsecured Debt [Member] | Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin		1.70%
Maximum [Member] | Eurodollar [Member] | Unsecured Debt [Member] | Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin		1.35%
Maximum [Member] | LIBOR [Member] | Unsecured Debt [Member] | Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin		2.35%
Senior Unsecured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility current borrowing capacity			$ 400,000,000		$ 400,000,000
Credit facility additional maximum borrowing capacity			250,000,000
Credit facility maximum borrowing capacity			$ 650,000,000
Debt instrument, termination year			3 years
Line of Credit Facility, Description				In addition, there will be two as-of-right extension options for the senior unsecured revolving credit facility and each extension option will allow us to extend the senior unsecured revolving credit facility for an additional six months, in each case subject to certain conditions and the payment of an extension fee.
Debt Instrument, Description				A fluctuating rate equal to the sum of (a)?the highest of (x)?Citibank, N.A.?s base rate, (y)?the federal funds effective rate plus 0.50% and (z)?the one-month LIBOR rate plus 1.00% plus (b)?a margin ranging from 0.4% to 0.9%, or a Eurodollar rate equal to a periodic fixed rate equal to LIBOR plus, a margin ranging from 1.4% to 1.9%, in each case with a margin based on our leverage ratio.
Percentage of minimum proceeds from common stock issuance under covenant			75.00%
Revolving credit facility, Covenant Terms, Minimum EBITDA to Fixed Charges Ratio			150.00%
Revolving credit facility, covenant terms				(i) the maximum ratio of consolidated total indebtedness to total asset value (each as defined in the agreement) may not exceed 60.0% on any date, provided that the maximum ratio may be increased to 65.0% for the two consecutive quarters following the date on which a material acquisition (as defined in the agreement) occurs, (ii) the maximum ratio of consolidated secured indebtedness (as defined in the agreement) to total asset value may not exceed 40.0% on any date, (iii) the maximum ratio of consolidated secured recourse indebtedness (as defined in the agreement) to total asset value may not exceed 15% on any date, (iv) the minimum consolidated tangible net worth (as defined in the agreement) may not, on any date, be less than the sum of an amount equal to 75.0% of our consolidated tangible net worth as of the closing date of the facility plus an amount equal to 75.0% of the aggregate net cash proceeds received by us from any offering of our capital stock after the closing date of the facility, (v) the minimum ratio of adjusted consolidated EBITDA to consolidated fixed charges (each as defined in the agreement) may not be less than 1.50 to 1.00 on any date, (vi) the maximum ratio of consolidated unsecured indebtedness to unencumbered asset value (each as defined in the agreement) may not exceed 60% as of any date and (vii) the minimum ratio of adjusted consolidated net operating income from unencumbered assets (as defined in the agreement) to interest payable on unsecured debt (as determined in accordance with the agreement) shall not be less than 1.75 to 1.00 on any date. Additionally, under the revolving credit facility, our distributions may not exceed the greater of (i) 95.0% of our FFO or (ii) the amount required for us to maintain our status as a REIT and avoid the payment of federal or state income or excise tax.
Weighted average interest rate payable on borrowings				2.15%	1.75%
Weighted average annual interest rate				1.89%	1.62%
Outstanding borrowings				$ 212,167,000	$ 154,417,000
Amount available under revolving credit facility				187,800,000	245,600,000
Senior Unsecured Revolving Credit Facility [Member] | Federal Funds Open Rate [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin			0.50%
Senior Unsecured Revolving Credit Facility [Member] | One Month LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin			1.00%
Senior Unsecured Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Percentage of minimum tangible net worth under covenant			75.00%
Net operating income from unencumbered assets to interest payable on unsecured debt under covenant			175.00%
Senior Unsecured Revolving Credit Facility [Member] | Minimum [Member] | One Month LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin			0.40%
Senior Unsecured Revolving Credit Facility [Member] | Minimum [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin			1.40%
Senior Unsecured Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Total indebtedness to total asset value under covenant			60.00%
Total indebtedness to total asset ( including material acquisition) value under covenant			65.00%
Total Secured indebtedness to total asset value under covenant			40.00%
Total Secured recourse indebtedness to total asset value under covenant			15.00%
Unsecured indebtedness to unencumbered asset value under covenant			60.00%
Percentage of fund flow from operation under covenant			95.00%
Senior Unsecured Revolving Credit Facility [Member] | Maximum [Member] | One Month LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin			0.90%
Senior Unsecured Revolving Credit Facility [Member] | Maximum [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin			1.90%
Standby Letters of Credit [Member]
Debt Instrument [Line Items]
Outstanding borrowings				100,000	200,000
Letters of Credit Outstanding, Amount				$ 0	$ 0
Senior Unsecured Term Loan Facility [Member] | Interest Rate Swaps [Member]
Debt Instrument [Line Items]
Number of forward interest rate swaps | Swap	2			2
Aggregate notional value of interest rate swaps	$ 100,000,000			$ 100,000,000
Forward swaps effective date	Mar. 29, 2017			Mar. 29, 2017
Maturity of the term loan	Sep. 29, 2023			Sep. 29, 2023
Forward swaps interest rate	3.12%			3.12%

Debt - Summary of Mortgage Debt

Debt - Summary of Mortgage Debt (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Principal Balance	$ 292,547
Deferred Financing	(2,787)	$ (2,767)
Carrying Value	292,973	238,202
Mortgage Notes Payable, Net [Member]
Debt Instrument [Line Items]
Principal Balance	80,380	83,239
Premium/Discount	461	546
Deferred Financing	(35)
Carrying Value	$ 80,806	$ 83,785
Mortgage Notes Payable, Net [Member] | CBP Savannah [Member]
Debt Instrument [Line Items]
Fixed/Floating	Fixed	Fixed
Contractual Interest Rate	3.40%	3.40%
Effective Interest Rate	4.12%	4.12%
Maturity Date	Jul. 31, 2033	Jul. 31, 2033
Principal Balance	$ 14,907	$ 15,580
Premium/Discount	(776)	(853)
Carrying Value	$ 14,131	$ 14,727
Mortgage Notes Payable, Net [Member] | ICE Charleston [Member]
Debt Instrument [Line Items]
Fixed/Floating	Fixed	Fixed
Contractual Interest Rate	4.21%	4.21%
Effective Interest Rate	3.93%	3.93%
Maturity Date	Jan. 31, 2027	Jan. 31, 2027
Principal Balance	$ 20,921	$ 21,993
Premium/Discount	357	403
Carrying Value	$ 21,278	$ 22,396
Mortgage Notes Payable, Net [Member] | MEPCOM Jacksonville [Member]
Debt Instrument [Line Items]
Fixed/Floating	Fixed	Fixed
Contractual Interest Rate	4.41%	4.41%
Effective Interest Rate	3.89%	3.89%
Maturity Date	Oct. 31, 2025	Oct. 31, 2025
Principal Balance	$ 11,661	$ 12,489
Premium/Discount	275	323
Carrying Value	$ 11,936	$ 12,812
Mortgage Notes Payable, Net [Member] | USFS II Albuquerque [Member]
Debt Instrument [Line Items]
Fixed/Floating	Fixed	Fixed
Contractual Interest Rate	4.46%	4.46%
Effective Interest Rate	3.92%	3.92%
Maturity Date	Jul. 31, 2026	Jul. 31, 2026
Principal Balance	$ 17,191	$ 17,477
Premium/Discount	605	673
Carrying Value	$ 17,796	$ 18,150
Mortgage Notes Payable, Net [Member] | DEA Pleasanton [Member]
Debt Instrument [Line Items]
Fixed/Floating	Floating	Floating
Contractual Interest Rate	LIBOR+150bps	LIBOR+150bps
Effective Interest Rate	1.80%	1.80%
Maturity Date	Oct. 31, 2023	Oct. 31, 2023
Principal Balance	$ 15,700	$ 15,700
Deferred Financing	(35)
Carrying Value	$ 15,665	$ 15,700

Debt - Schedule of Aggregate De

Debt - Schedule of Aggregate Debt Maturities (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
2,017	$ 2,977
2,018	3,100
2,019	215,396
2,020	3,395
2,021	4,054
Thereafter	63,625
Debt instrument carrying amount	292,547
Unamortized premium/discount & deferred financing	426
Long term debt, Total	$ 292,973	$ 238,202

Derivative and Hedging Activiti

Derivative and Hedging Activities - Additional Information (Detail)	Oct. 27, 2016USD ($)Swap	Dec. 31, 2016USD ($)Swap
Derivative [Line Items]
Interest rate swaps		$ 3,785,000
Unrealized gain recognized in accumulated other comprehensive income on interest rate swaps		3,785,000
Credit risk related contingent features derivatives in a net liability position		$ 0
Interest Rate Swaps [Member] | Senior Unsecured Term Loan Facility [Member]
Derivative [Line Items]
Number of forward interest rate swaps | Swap	2	2
Aggregate notional value of interest rate swaps	$ 100,000,000	$ 100,000,000
Forward swaps effective date	Mar. 29, 2017	Mar. 29, 2017
Maturity of the term loan	Sep. 29, 2023	Sep. 29, 2023
Forward swaps interest rate	3.12%	3.12%
Forward interest rate swap description		The forward swaps will effectively fix the interest rate under our senior unsecured term loan facility at 3.12% annually based on the company’s current leverage ratio and receive a variable interest rate of one-month LIBOR.
Variable interest rate receive on interest rate swaps		one-month LIBOR

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swaps - Asset	$ 3,785
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Interest rate swaps - Asset	$ 3,785

Fair Value Measurements - Roll-

Fair Value Measurements - Roll-forward of Amounts for Investments Classified Within Level 3 (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Fair Value Disclosures [Abstract]
Balance at December 31, 2014	$ 267,683
Contributions to investments	257
Net change in unrealized (depreciation) appreciation	(5,122)
Sale of investments to the Operating Partnership	$ (262,818)

Equity - Additional Information

Equity - Additional Information (Detail)	Jun. 07, 2016USD ($)shares	Oct. 21, 2015shares	Feb. 11, 2015USD ($)Property$ / sharesshares	Oct. 16, 2014USD ($)shares	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)shares	Feb. 26, 2016shares	May 06, 2015shares
Stockholders Equity Note Disclosure [Line Items]
Shares issued, value | $					$ 105,839,000		$ 1,000
Gross proceeds from initial public offering | $			$ 207,000,000
Stock-based awards with respect to equity incentive plans					2,273,959
Cash based awards with respect to equity incentive plans | $					$ 5,000,000
Unrecognized compensation expense | $					$ 4,200,000
Risk-free rate					0.70%	0.90%
Expected volatility assumption					20.00%	18.30%
Expected dividend yield					5.50%	5.50%
Common Stock, shares issued					36,874,810	24,168,379
Easterly Funds [Member]
Stockholders Equity Note Disclosure [Line Items]
Number of properties | Property			15
Common units issued upon acquisition			8,635,714
Shares issued upon acquisition			3,308,000
Redemption of common units to common stock (in share)					6,471,258
Long Term Incentive Plan [Member]
Stockholders Equity Note Disclosure [Line Items]
Issuing of LTIP units of limited partnership interest								40,000	891,000
Tranche One [Member] | Long Term Incentive Plan [Member]
Stockholders Equity Note Disclosure [Line Items]
Percentage of shares vest under long term incentive plan					50.00%
Tranche Two [Member] | Long Term Incentive Plan [Member]
Stockholders Equity Note Disclosure [Line Items]
Percentage of shares vest under long term incentive plan					50.00%
2015 Equity Incentive Plan [Member]
Stockholders Equity Note Disclosure [Line Items]
Common stock reserved for future issuance under equity incentive plans					2,273,959
Compensation expense recognized | $					$ 2,900,000	$ 1,900,000
Common Stock, shares issued					0
Maximum [Member]
Stockholders Equity Note Disclosure [Line Items]
Percentage of exercise price of option over fair market value of common stock					100.00%
Share based compensation, term of options					10 years
IPO [Member]
Stockholders Equity Note Disclosure [Line Items]
Shares issued, number of shares			13,800,000
Par value per share | $ / shares			$ 15
Number of properties | Property			15
Over-Allotment Option [Member]
Stockholders Equity Note Disclosure [Line Items]
Shares issued, number of shares			1,800,000
Private Placement [Member]
Stockholders Equity Note Disclosure [Line Items]
Shares issued, number of shares			7,033,712
Shares issued, price per share | $ / shares			$ 15
Underwritten Public Offering [Member]
Stockholders Equity Note Disclosure [Line Items]
Common Stock, shares issued	6,219,045
Shares offered directly by the company	4,719,045
Shares offered on forward basis	1,500,000
Gross proceeds from shares sold to underwriters | $	$ 84,900,000
Shares offered on forward basis, amount | $	$ 25,100,000
Western Devcon, Inc [Member]
Stockholders Equity Note Disclosure [Line Items]
Number of properties | Property			14
Common units issued upon acquisition			5,759,819
Common Stock Par Value [Member]
Stockholders Equity Note Disclosure [Line Items]
Shares issued, number of shares				1,000	6,219,045		1,000
Shares issued, value | $				$ 1,000	$ 62,000
Shares offered directly by the company						13,800,000
Redemption of common units to common stock (in share)					6,471,258
Common Stock Par Value [Member] | IPO [Member]
Stockholders Equity Note Disclosure [Line Items]
Shares issued upon acquisition			3,308,000
Common Units [Member] | IPO [Member]
Stockholders Equity Note Disclosure [Line Items]
Common units issued upon acquisition			9,771,120
Common Units [Member] | Western Devcon, Inc [Member]
Stockholders Equity Note Disclosure [Line Items]
Common units issued upon acquisition		12,500	5,759,819

Equity - Summary of Non-vested

Equity - Summary of Non-vested Common Share Awards (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Restricted Shares [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares/Units, Outstanding beginning balance	26,667
Shares/Units, Vested	(26,667)
Shares/Units, Granted	16,128	26,667
Shares/Units, Outstanding ending balance	16,128	26,667
Weighted average grant date fair value, Outstanding beginning balance	$ 15
Weighted average grant date fair value, Vested	15
Weighted average grant date fair value, Granted	18.60	$ 15
Weighted average grant date fair value, Outstanding ending balance	$ 18.60	$ 15
Long Term Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares/Units, Outstanding beginning balance	891,000
Shares/Units, Granted	40,000	891,000
Shares/Units, Forfeited	(5,000)
Shares/Units, Outstanding ending balance	926,000	891,000
Weighted average grant date fair value, Outstanding beginning balance	$ 8.67
Weighted average grant date fair value, Granted	14.15	$ 8.67
Weighted average grant date fair value, Forfeited	8.67
Weighted average grant date fair value, Outstanding ending balance	$ 8.91	$ 8.67

Equity - Summary of Dividends D

Equity - Summary of Dividends Declared (Detail) - $ / shares		Feb. 23, 2017	Nov. 03, 2016	Aug. 03, 2016	May 04, 2016	Feb. 26, 2016	Nov. 03, 2015	Aug. 04, 2015	May 06, 2015	Dec. 31, 2016
Q1 2015
Dividends Payable [Line Items]
Declaration Date										May 6, 2015
Record Date										May 18, 2015
Pay Date										Jun. 3, 2015
Dividend	[1]								$ 0.11
Q2 2015
Dividends Payable [Line Items]
Declaration Date										Aug. 4, 2015
Record Date										Aug. 18, 2015
Pay Date										Sep. 3, 2015
Dividend	[1]							$ 0.21
Q3 2015
Dividends Payable [Line Items]
Declaration Date										Nov. 3, 2015
Record Date										Nov. 17, 2015
Pay Date										Dec. 3, 2015
Dividend	[1]						$ 0.22
Q4 2015
Dividends Payable [Line Items]
Declaration Date										Feb. 26, 2016
Record Date										Mar. 10, 2016
Pay Date										Mar. 25, 2016
Dividend	[1]					$ 0.22
Q1 2016
Dividends Payable [Line Items]
Declaration Date										May 4, 2016
Record Date										Jun. 8, 2016
Pay Date										Jun. 23, 2016
Dividend	[1]				$ 0.23
Q2 2016
Dividends Payable [Line Items]
Declaration Date										Aug. 3, 2016
Record Date										Aug. 26, 2016
Pay Date										Sep. 13, 2016
Dividend	[1]			$ 0.23
Q3 2016
Dividends Payable [Line Items]
Declaration Date										Nov. 3, 2016
Record Date										Dec. 7, 2016
Pay Date										Dec. 22, 2016
Dividend	[1]		$ 0.24
Q4 2016
Dividends Payable [Line Items]
Declaration Date										Feb. 23, 2017
Record Date										Mar. 7, 2017
Pay Date										Mar. 22, 2017
Q4 2016 | Subsequent Event [Member]
Dividends Payable [Line Items]
Dividend	[1]	$ 0.24
[1]	Our board of directors also declared a dividend for each LTIP unit in an amount equal to 10% of the dividend paid per common unit of our operating partnership.

Equity - Summary of Dividends55

Equity - Summary of Dividends Declared (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Operating partnership dividend rate percentage	10.00%

Earnings Per Share - Summary of

Earnings Per Share - Summary of Basic and Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share Basic And Diluted [Line Items]
Net income (loss)									$ 4,737	$ (6,045)	$ 67,785
Non-controlling interest in Operating Partnership									(1,322)	4,351
Net income (loss) available to Easterly Government Properties, Inc.	$ 1,146	$ 895	$ 699	$ 675	$ 105	$ 498	$ 588	$ (2,885)	3,415	(1,694)	$ 2,396
Less: Dividends on participating securities									(102)	(63)
Net income (loss) available to common stockholders									$ 3,313	$ (1,757)
Denominator for basic EPS									30,645,279	21,430,016
Denominator for basic and diluted EPS									32,372,538	21,430,016
Basic EPS									$ 0.11	$ (0.08)
Diluted EPS									$ 0.10	$ (0.08)
Stock Compensation Plan [Member]
Earnings Per Share Basic And Diluted [Line Items]
Dilutive effect									13,691
Long Term Incentive Plan [Member]
Earnings Per Share Basic And Diluted [Line Items]
Dilutive effect									1,713,568

Operating Leases - Summary of F

Operating Leases - Summary of Future Non Cancellable Minimum Contractual Rent Payments (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Leases [Abstract]
Minimum lease payments, Total	$ 475,020
Minimum lease payments, 2017	74,467
Minimum lease payments, 2018	71,727
Minimum lease payments, 2019	64,877
Minimum lease payments, 2020	57,199
Minimum lease payments, 2021	46,680
Minimum lease payments, Thereafter	$ 160,070

Operating Leases - Additional I

Operating Leases - Additional Information (Detail) $ in Thousands	Oct. 21, 2015	Dec. 31, 2016USD ($)Tenants	Dec. 31, 2015USD ($)Tenants	Jun. 18, 2016ft²
Leases [Abstract]
Number of consolidated properties		100.00%	100.00%
Rental income attributable to base rent		$ 85,800	$ 59,900
Number of tenants | Tenants		22	19
Area of leased laboratory premises | ft²				65,810
Lease term	20 years	20 years
Straight-line rent adjustments		$ 300	$ 200
Amortization of above and below market leases		7,153	$ 4,866
Amortization of unearned revenue		$ 105

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	Oct. 21, 2015USD ($)	Oct. 31, 2015ft²	Dec. 31, 2016USD ($)ft²	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Commitments And Contingencies [Line Items]
Tax Protection Agreement Period	8 years
Property acquisition, tax protection committed amount	$ 15.7
Property acquisition, tax protection committed amount, thereafter	$ 7.2
Corporate Office Leases [Member]
Commitments And Contingencies [Line Items]
Rent expense			$ 0.2	$ 0.4	$ 0.3
DISTRICT OF COLUMBIA | Sublease [Member]
Commitments And Contingencies [Line Items]
Area of leased property | ft²		5,682
Operating lease agreement expire date		Jun. 30, 2021	Jun. 30, 2021
California [Member] | San Diego [Member]
Commitments And Contingencies [Line Items]
Area of leased property | ft²			5,752
Operating lease agreement expire date			Apr. 30, 2017
California [Member] | Sublease [Member]
Commitments And Contingencies [Line Items]
Operating lease agreement expire date			Apr. 30, 2017

Commitments and Contingencies60

Commitments and Contingencies - Summary of Future Minimum Rental Payments Under Company's Corporate Office Leases (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Schedule Of Future Minimum Rental Payments For Operating Leases [Line Items]
Minimum lease payments, Total	$ 475,020
Minimum lease payments, 2017	74,467
Minimum lease payments, 2018	71,727
Minimum lease payments, 2019	64,877
Minimum lease payments, 2020	57,199
Minimum lease payments, 2021	46,680
Minimum lease payments, Thereafter	160,070
Corporate Office Leases [Member]
Schedule Of Future Minimum Rental Payments For Operating Leases [Line Items]
Minimum lease payments, Total	1,371
Minimum lease payments, 2017	319
Minimum lease payments, 2018	286
Minimum lease payments, 2019	298
Minimum lease payments, 2020	309
Minimum lease payments, 2021	$ 159

Concentrations Risk - Additiona

Concentrations Risk - Additional Information (Detail) - Property	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Wholly Owned Properties [Member]
Concentration Risk [Line Items]
Number of properties	43	36
California [Member]
Concentration Risk [Line Items]
Number of properties	13	13
Lease Income [Member] | Credit Concentration Risk [Member] | California [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	26.80%	31.80%
Rentable Square Feet [Member] | Credit Concentration Risk [Member] | California [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	20.00%	23.60%
General Services Administration And Other Federal Agencies [Member] | Lease Income [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	96.80%	96.20%
Non Governmental Tenants [Member] | Lease Income [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	3.20%	3.80%

Related Party - Additional Info

Related Party - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Easterly Capital [Member]
Related Party Transaction [Line Items]
Reimbursable rent and office expense due to related party	$ 0.1	$ 0.3
Western Devcon, Inc [Member]
Related Party Transaction [Line Items]
Reimbursable payroll expenses interest and defeasance costs due from related party	$ 0.2	$ 0.3

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	Feb. 03, 2017ft²Option	Oct. 21, 2015	Dec. 31, 2016
Subsequent Event [Line Items]
Lease term		20 years	20 years
Occupational Safety and Health Administration [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Acquisition of lease property | ft²	75,000
Lease term	20 years
Building constructed year	2,003
Number of renewal options | Option	2
Lease renewal term	5 years
Lease expiration year	2,034

Selected Quarterly Financial 64

Selected Quarterly Financial Data - Summary of Unaudited Quarterly Results of Operations (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 28,751	$ 26,975	$ 24,921	$ 23,971	$ 22,174	$ 19,857	$ 19,256	$ 10,091
Net income (loss) available to Easterly Government Properties, Inc.	$ 1,146	$ 895	$ 699	$ 675	$ 105	$ 498	$ 588	$ (2,885)	$ 3,415	$ (1,694)	$ 2,396
Net income (loss) available to Easterly Government Properties, Inc. per share (basic and diluted)	$ 0.03	$ 0.02	$ 0.02	$ 0.03		$ 0.02	$ 0.02	$ (0.22)

Schedule III - Real Estate an65

Schedule III - Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016		Dec. 31, 2015
Real Estate Properties [Line Items]
Encumbrances	[1]	$ 80,806
Initial Cost to Company, Land		112,162
Initial Cost to Company, Buildings and Improvements		827,032
Costs Capitalized Subsequent to Acquisition		2,034
Cost amount carried at Close of Period, Land		112,162
Cost amount carried at Close of Period, Buildings and Improvements		829,066
Cost amount carried at Close of Period		941,228	[2]	$ 788,597
Accumulated Depreciation		40,162	[3]	$ 16,590
Aberdeen [Member] | MS [Member] | Courthouse / Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		1,147
Initial Cost to Company, Buildings and Improvements		14,044
Costs Capitalized Subsequent to Acquisition		56
Cost amount carried at Close of Period, Land		1,147
Cost amount carried at Close of Period, Buildings and Improvements		14,100
Cost amount carried at Close of Period	[2]	15,247
Accumulated Depreciation	[3]	$ 559
Original Construction Date		2,005
Date Acquired		Jun. 17, 2015
Albany [Member] | NY [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 1,801
Initial Cost to Company, Buildings and Improvements		11,544
Costs Capitalized Subsequent to Acquisition		17
Cost amount carried at Close of Period, Land		1,801
Cost amount carried at Close of Period, Buildings and Improvements		11,561
Cost amount carried at Close of Period	[2]	13,362
Accumulated Depreciation	[3]	$ 545
Original Construction Date		2,004
Date Acquired		Feb. 11, 2015
Albany [Member] | NY [Member] | Office 2 [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 1,412
Initial Cost to Company, Buildings and Improvements		17,128
Cost amount carried at Close of Period, Land		1,412
Cost amount carried at Close of Period, Buildings and Improvements		17,128
Cost amount carried at Close of Period	[2]	18,540
Accumulated Depreciation	[3]	$ 47
Original Construction Date		1,998
Date Acquired		Nov. 22, 2016
Albuquerque [Member] | NM [Member] | Office [Member]
Real Estate Properties [Line Items]
Encumbrances	[1]	$ 17,796
Initial Cost to Company, Land		2,345
Initial Cost to Company, Buildings and Improvements		28,611
Cost amount carried at Close of Period, Land		2,345
Cost amount carried at Close of Period, Buildings and Improvements		28,611
Cost amount carried at Close of Period	[2]	30,956
Accumulated Depreciation	[3]	$ 1,863
Original Construction Date		2,011
Date Acquired		Feb. 11, 2015
Albuquerque [Member] | NM [Member] | Office 2 [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 2,905
Initial Cost to Company, Buildings and Improvements		23,804
Costs Capitalized Subsequent to Acquisition		67
Cost amount carried at Close of Period, Land		2,905
Cost amount carried at Close of Period, Buildings and Improvements		23,871
Cost amount carried at Close of Period	[2]	26,776
Accumulated Depreciation	[3]	$ 1,340
Original Construction Date		2,006
Date Acquired		Feb. 11, 2015
Albuquerque [Member] | NM [Member] | Office 3 [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 3,062
Initial Cost to Company, Buildings and Improvements		28,201
Cost amount carried at Close of Period, Land		3,062
Cost amount carried at Close of Period, Buildings and Improvements		28,201
Cost amount carried at Close of Period	[2]	31,263
Accumulated Depreciation	[3]	$ 781
Original Construction Date		2,011
Date Acquired		Feb. 17, 2016
Arlington [Member] | VA [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 14,350
Initial Cost to Company, Buildings and Improvements		44,442
Costs Capitalized Subsequent to Acquisition		77
Cost amount carried at Close of Period, Land		14,350
Cost amount carried at Close of Period, Buildings and Improvements		44,519
Cost amount carried at Close of Period	[2]	58,869
Accumulated Depreciation	[3]	$ 3,490
Original Construction Date		2,009
Date Acquired		Feb. 11, 2015
Birmingham [Member] | AL [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 408
Initial Cost to Company, Buildings and Improvements		10,853
Cost amount carried at Close of Period, Land		408
Cost amount carried at Close of Period, Buildings and Improvements		10,853
Cost amount carried at Close of Period	[2]	11,261
Accumulated Depreciation	[3]	$ 169
Original Construction Date		2,005
Date Acquired		Jul. 1, 2016
Birmingham [Member] | AL [Member] | Office 2 [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 755
Initial Cost to Company, Buildings and Improvements		22,537
Cost amount carried at Close of Period, Land		755
Cost amount carried at Close of Period, Buildings and Improvements		22,537
Cost amount carried at Close of Period	[2]	23,292
Accumulated Depreciation	[3]	$ 321
Original Construction Date		2,005
Date Acquired		Jul. 1, 2016
Chula Vista [Member] | California [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 6,332
Initial Cost to Company, Buildings and Improvements		7,471
Costs Capitalized Subsequent to Acquisition		43
Cost amount carried at Close of Period, Land		6,332
Cost amount carried at Close of Period, Buildings and Improvements		7,514
Cost amount carried at Close of Period	[2]	13,846
Accumulated Depreciation	[3]	$ 354
Original Construction Date		1,998
Date Acquired		Feb. 11, 2015
Dallas [Member] | TX [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 1,005
Initial Cost to Company, Buildings and Improvements		14,546
Costs Capitalized Subsequent to Acquisition		26
Cost amount carried at Close of Period, Land		1,005
Cost amount carried at Close of Period, Buildings and Improvements		14,572
Cost amount carried at Close of Period	[2]	15,577
Accumulated Depreciation	[3]	$ 892
Original Construction Date		2,001
Date Acquired		Feb. 11, 2015
Dallas [Member] | TX [Member] | Laboratory [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 2,753
Initial Cost to Company, Buildings and Improvements		23,848
Costs Capitalized Subsequent to Acquisition		19
Cost amount carried at Close of Period, Land		2,753
Cost amount carried at Close of Period, Buildings and Improvements		23,867
Cost amount carried at Close of Period	[2]	26,620
Accumulated Depreciation	[3]	$ 647
Original Construction Date		2,001
Date Acquired		Dec. 1, 2015
Del Rio [Member] | TX [Member] | Courthouse / Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 210
Initial Cost to Company, Buildings and Improvements		30,676
Costs Capitalized Subsequent to Acquisition		142
Cost amount carried at Close of Period, Land		210
Cost amount carried at Close of Period, Buildings and Improvements		30,818
Cost amount carried at Close of Period	[2]	31,028
Accumulated Depreciation	[3]	$ 1,683
Date Acquired		Feb. 11, 2015
Del Rio [Member] | TX [Member] | Minimum [Member] | Courthouse / Office [Member]
Real Estate Properties [Line Items]
Original Construction Date		1,992
Del Rio [Member] | TX [Member] | Maximum [Member] | Courthouse / Office [Member]
Real Estate Properties [Line Items]
Original Construction Date		2,004
El Centro [Member] | California [Member] | Courthouse / Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 1,084
Initial Cost to Company, Buildings and Improvements		20,765
Costs Capitalized Subsequent to Acquisition		29
Cost amount carried at Close of Period, Land		1,084
Cost amount carried at Close of Period, Buildings and Improvements		20,794
Cost amount carried at Close of Period	[2]	21,878
Accumulated Depreciation	[3]	$ 1,211
Original Construction Date		2,004
Date Acquired		Feb. 11, 2015
Fresno [Member] | California [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 1,499
Initial Cost to Company, Buildings and Improvements		68,309
Costs Capitalized Subsequent to Acquisition		66
Cost amount carried at Close of Period, Land		1,499
Cost amount carried at Close of Period, Buildings and Improvements		68,375
Cost amount carried at Close of Period	[2]	69,874
Accumulated Depreciation	[3]	$ 3,679
Original Construction Date		2,003
Date Acquired		Feb. 11, 2015
Jacksonville [Member] | FL [Member] | Office [Member]
Real Estate Properties [Line Items]
Encumbrances	[1]	$ 11,936
Initial Cost to Company, Land		2,532
Initial Cost to Company, Buildings and Improvements		16,621
Costs Capitalized Subsequent to Acquisition		6
Cost amount carried at Close of Period, Land		2,532
Cost amount carried at Close of Period, Buildings and Improvements		16,627
Cost amount carried at Close of Period	[2]	19,159
Accumulated Depreciation	[3]	$ 1,070
Original Construction Date		2,010
Date Acquired		Feb. 11, 2015
Kansas City [Member] | KS [Member] | Laboratory [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 828
Initial Cost to Company, Buildings and Improvements		33,035
Cost amount carried at Close of Period, Land		828
Cost amount carried at Close of Period, Buildings and Improvements		33,035
Cost amount carried at Close of Period	[2]	33,863
Accumulated Depreciation	[3]	$ 446
Original Construction Date		2,003
Date Acquired		Jul. 1, 2016
Lakewood [Member] | CO [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 1,521
Initial Cost to Company, Buildings and Improvements		32,865
Costs Capitalized Subsequent to Acquisition		51
Cost amount carried at Close of Period, Land		1,521
Cost amount carried at Close of Period, Buildings and Improvements		32,916
Cost amount carried at Close of Period	[2]	34,437
Accumulated Depreciation	[3]	$ 1,955
Original Construction Date		2,004
Date Acquired		Feb. 11, 2015
Lakewood [Member] | CO [Member] | Office 2 [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 1,377
Initial Cost to Company, Buildings and Improvements		18,204
Costs Capitalized Subsequent to Acquisition		36
Cost amount carried at Close of Period, Land		1,377
Cost amount carried at Close of Period, Buildings and Improvements		18,240
Cost amount carried at Close of Period	[2]	19,617
Accumulated Depreciation	[3]	$ 799
Original Construction Date		1,999
Date Acquired		Apr. 1, 2015
Lincoln [Member] | NE [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 2,310
Initial Cost to Company, Buildings and Improvements		26,328
Costs Capitalized Subsequent to Acquisition		95
Cost amount carried at Close of Period, Land		2,310
Cost amount carried at Close of Period, Buildings and Improvements		26,423
Cost amount carried at Close of Period	[2]	28,733
Accumulated Depreciation	[3]	$ 1,044
Original Construction Date		2,005
Date Acquired		Nov. 12, 2015
Little Rock [Member] | AR [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 2,278
Initial Cost to Company, Buildings and Improvements		19,318
Costs Capitalized Subsequent to Acquisition		51
Cost amount carried at Close of Period, Land		2,278
Cost amount carried at Close of Period, Buildings and Improvements		19,369
Cost amount carried at Close of Period	[2]	21,647
Accumulated Depreciation	[3]	$ 1,133
Original Construction Date		2,001
Date Acquired		Feb. 11, 2015
Lubbock [Member] | TX [Member] | Warehouse / Distribution [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 541
Initial Cost to Company, Buildings and Improvements		972
Cost amount carried at Close of Period, Land		541
Cost amount carried at Close of Period, Buildings and Improvements		972
Cost amount carried at Close of Period	[2]	1,513
Accumulated Depreciation	[3]	$ 63
Original Construction Date		2,013
Date Acquired		Feb. 11, 2015
Martinsburg [Member] | WV [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 1,700
Initial Cost to Company, Buildings and Improvements		13,294
Costs Capitalized Subsequent to Acquisition		48
Cost amount carried at Close of Period, Land		1,700
Cost amount carried at Close of Period, Buildings and Improvements		13,342
Cost amount carried at Close of Period	[2]	15,042
Accumulated Depreciation	[3]	$ 840
Original Construction Date		2,007
Date Acquired		Feb. 11, 2015
Midland [Member] | GA [Member] | Warehouse / Manufacturing [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 1,715
Initial Cost to Company, Buildings and Improvements		1,650
Cost amount carried at Close of Period, Land		1,715
Cost amount carried at Close of Period, Buildings and Improvements		1,650
Cost amount carried at Close of Period	[2]	3,365
Accumulated Depreciation	[3]	$ 122
Original Construction Date		2,014
Date Acquired		Feb. 11, 2015
Miramar [Member] | FL [Member] | Warehouse / Distribution [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 2,177
Initial Cost to Company, Buildings and Improvements		9,417
Cost amount carried at Close of Period, Land		2,177
Cost amount carried at Close of Period, Buildings and Improvements		9,417
Cost amount carried at Close of Period	[2]	11,594
Accumulated Depreciation	[3]	$ 521
Original Construction Date		2,007
Date Acquired		Feb. 11, 2015
Mission Viejo [Member] | California [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 1,454
Initial Cost to Company, Buildings and Improvements		1,690
Costs Capitalized Subsequent to Acquisition		51
Cost amount carried at Close of Period, Land		1,454
Cost amount carried at Close of Period, Buildings and Improvements		1,741
Cost amount carried at Close of Period	[2]	3,195
Accumulated Depreciation	[3]	$ 195
Original Construction Date		2,005
Date Acquired		Feb. 11, 2015
North Charleston [Member] | SC [Member] | Office [Member]
Real Estate Properties [Line Items]
Encumbrances	[1]	$ 21,278
Initial Cost to Company, Land		963
Initial Cost to Company, Buildings and Improvements		34,987
Costs Capitalized Subsequent to Acquisition		322
Cost amount carried at Close of Period, Land		963
Cost amount carried at Close of Period, Buildings and Improvements		35,309
Cost amount carried at Close of Period	[2]	36,272
Accumulated Depreciation	[3]	$ 1,838
Date Acquired		Feb. 11, 2015
North Charleston [Member] | SC [Member] | Minimum [Member] | Office [Member]
Real Estate Properties [Line Items]
Original Construction Date		1,994
North Charleston [Member] | SC [Member] | Maximum [Member] | Office [Member]
Real Estate Properties [Line Items]
Original Construction Date		2,012
Omaha [Member] | NE [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 4,635
Initial Cost to Company, Buildings and Improvements		41,319
Costs Capitalized Subsequent to Acquisition		172
Cost amount carried at Close of Period, Land		4,635
Cost amount carried at Close of Period, Buildings and Improvements		41,491
Cost amount carried at Close of Period	[2]	46,126
Accumulated Depreciation	[3]	$ 2,598
Original Construction Date		2,009
Date Acquired		Feb. 11, 2015
Omaha [Member] | NE [Member] | Office 2 [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 1,517
Initial Cost to Company, Buildings and Improvements		14,156
Cost amount carried at Close of Period, Land		1,517
Cost amount carried at Close of Period, Buildings and Improvements		14,156
Cost amount carried at Close of Period	[2]	15,673
Accumulated Depreciation	[3]	$ 273
Original Construction Date		2,004
Date Acquired		May 19, 2016
Pleasanton [Member] | California [Member] | Laboratory [Member]
Real Estate Properties [Line Items]
Encumbrances	[1]	$ 15,665
Initial Cost to Company, Land		5,765
Initial Cost to Company, Buildings and Improvements		20,859
Cost amount carried at Close of Period, Land		5,765
Cost amount carried at Close of Period, Buildings and Improvements		20,859
Cost amount carried at Close of Period	[2]	26,624
Accumulated Depreciation	[3]	$ 624
Original Construction Date		2,015
Date Acquired		Oct. 21, 2015
Richmond [Member] | VA [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 3,041
Initial Cost to Company, Buildings and Improvements		23,931
Costs Capitalized Subsequent to Acquisition		47
Cost amount carried at Close of Period, Land		3,041
Cost amount carried at Close of Period, Buildings and Improvements		23,978
Cost amount carried at Close of Period	[2]	27,019
Accumulated Depreciation	[3]	$ 797
Original Construction Date		2,001
Date Acquired		Dec. 7, 2015
Riverside [Member] | California [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 1,983
Initial Cost to Company, Buildings and Improvements		6,755
Costs Capitalized Subsequent to Acquisition		33
Cost amount carried at Close of Period, Land		1,983
Cost amount carried at Close of Period, Buildings and Improvements		6,788
Cost amount carried at Close of Period	[2]	8,771
Accumulated Depreciation	[3]	$ 555
Original Construction Date		1,997
Date Acquired		Feb. 11, 2015
Sacramento [Member] | California [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 1,434
Initial Cost to Company, Buildings and Improvements		9,369
Costs Capitalized Subsequent to Acquisition		27
Cost amount carried at Close of Period, Land		1,434
Cost amount carried at Close of Period, Buildings and Improvements		9,396
Cost amount carried at Close of Period	[2]	10,830
Accumulated Depreciation	[3]	$ 627
Original Construction Date		2,002
Date Acquired		Feb. 11, 2015
San Antonio [Member] | TX [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 3,745
Initial Cost to Company, Buildings and Improvements		49,153
Costs Capitalized Subsequent to Acquisition		130
Cost amount carried at Close of Period, Land		3,745
Cost amount carried at Close of Period, Buildings and Improvements		49,283
Cost amount carried at Close of Period	[2]	53,028
Accumulated Depreciation	[3]	$ 2,842
Original Construction Date		2,007
Date Acquired		Feb. 11, 2015
San Diego [Member] | California [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 1,389
Initial Cost to Company, Buildings and Improvements		7,358
Costs Capitalized Subsequent to Acquisition		21
Cost amount carried at Close of Period, Land		1,389
Cost amount carried at Close of Period, Buildings and Improvements		7,379
Cost amount carried at Close of Period	[2]	8,768
Accumulated Depreciation	[3]	$ 537
Original Construction Date		1,997
Date Acquired		Feb. 11, 2015
San Diego [Member] | California [Member] | Office 2 [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 773
Initial Cost to Company, Buildings and Improvements		2,481
Cost amount carried at Close of Period, Land		773
Cost amount carried at Close of Period, Buildings and Improvements		2,481
Cost amount carried at Close of Period	[2]	3,254
Accumulated Depreciation	[3]	$ 144
Original Construction Date		2,003
Date Acquired		Feb. 11, 2015
San Diego [Member] | California [Member] | Office 3 [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 2,252
Initial Cost to Company, Buildings and Improvements		12,280
Costs Capitalized Subsequent to Acquisition		5
Cost amount carried at Close of Period, Land		2,252
Cost amount carried at Close of Period, Buildings and Improvements		12,285
Cost amount carried at Close of Period	[2]	14,537
Accumulated Depreciation	[3]	$ 528
Original Construction Date		2,001
Date Acquired		Sep. 11, 2015
San Diego [Member] | California [Member] | Warehouse [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 3,060
Initial Cost to Company, Buildings and Improvements		510
Cost amount carried at Close of Period, Land		3,060
Cost amount carried at Close of Period, Buildings and Improvements		510
Cost amount carried at Close of Period	[2]	3,570
Accumulated Depreciation	[3]	$ 80
Original Construction Date		1,999
Date Acquired		Feb. 11, 2015
Santa Ana [Member] | California [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 6,413
Initial Cost to Company, Buildings and Improvements		8,635
Costs Capitalized Subsequent to Acquisition		12
Cost amount carried at Close of Period, Land		6,413
Cost amount carried at Close of Period, Buildings and Improvements		8,647
Cost amount carried at Close of Period	[2]	15,060
Accumulated Depreciation	[3]	$ 724
Original Construction Date		2,004
Date Acquired		Feb. 11, 2015
Savannah [Member] | GA [Member] | Laboratory [Member]
Real Estate Properties [Line Items]
Encumbrances	[1]	$ 14,131
Initial Cost to Company, Land		3,220
Initial Cost to Company, Buildings and Improvements		10,687
Costs Capitalized Subsequent to Acquisition		26
Cost amount carried at Close of Period, Land		3,220
Cost amount carried at Close of Period, Buildings and Improvements		10,713
Cost amount carried at Close of Period	[2]	13,933
Accumulated Depreciation	[3]	$ 574
Original Construction Date		2,013
Date Acquired		Feb. 11, 2015
South Bend [Member] | IN [Member] | Courthouse / Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 514
Initial Cost to Company, Buildings and Improvements		6,590
Cost amount carried at Close of Period, Land		514
Cost amount carried at Close of Period, Buildings and Improvements		6,590
Cost amount carried at Close of Period	[2]	7,104
Accumulated Depreciation	[3]	$ 4
Date Acquired		Dec. 23, 2016
South Bend [Member] | IN [Member] | Minimum [Member] | Courthouse / Office [Member]
Real Estate Properties [Line Items]
Original Construction Date		1,996
South Bend [Member] | IN [Member] | Maximum [Member] | Courthouse / Office [Member]
Real Estate Properties [Line Items]
Original Construction Date		2,011
Sunburst [Member] | MT [Member] | Office [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 2,192
Initial Cost to Company, Buildings and Improvements		9,423
Costs Capitalized Subsequent to Acquisition		41
Cost amount carried at Close of Period, Land		2,192
Cost amount carried at Close of Period, Buildings and Improvements		9,464
Cost amount carried at Close of Period	[2]	11,656
Accumulated Depreciation	[3]	$ 513
Original Construction Date		2,008
Date Acquired		Feb. 11, 2015
Vista [Member] | California [Member] | Laboratory [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 3,998
Initial Cost to Company, Buildings and Improvements		24,053
Costs Capitalized Subsequent to Acquisition		51
Cost amount carried at Close of Period, Land		3,998
Cost amount carried at Close of Period, Buildings and Improvements		24,104
Cost amount carried at Close of Period	[2]	28,102
Accumulated Depreciation	[3]	$ 1,135
Original Construction Date		2,002
Date Acquired		Feb. 11, 2015
Various [Member] | Various [Member]
Real Estate Properties [Line Items]
Initial Cost to Company, Land		$ 5,767
Initial Cost to Company, Buildings and Improvements		4,313
Costs Capitalized Subsequent to Acquisition		267
Cost amount carried at Close of Period, Land		5,767
Cost amount carried at Close of Period, Buildings and Improvements		4,580
Cost amount carried at Close of Period	[2]	$ 10,347
Date Acquired		Various
[1]	Includes the unamortized balance of the fair value adjustments.
[2]	Excludes value of real estate intangibles. Aggregate cost for federal income tax purposes is approximately $795,324.
[3]	Depreciation of rental property is computed on a straight-line basis over the estimated useful lives of the assets. The estimated lives of our assets range from 5 to 40 years or to the term of the underlying lease.

Schedule III - Real Estate an66

Schedule III - Real Estate and Accumulated Depreciation (Parenthetical) (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Real Estate Properties [Line Items]
Aggregate cost for federal income tax purposes	$ 795,324
Minimum [Member]
Real Estate Properties [Line Items]
Estimated lives of assets	5 years
Maximum [Member]
Real Estate Properties [Line Items]
Estimated lives of assets	40 years

Schedule III - Real Estate an67

Schedule III - Real Estate and Accumulated Depreciation - Carrying Amount of Real Estate Properties and Accumulated Depreciation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016		Dec. 31, 2015
Real Estate Properties
Balance at beginning of year	$ 788,597
Additions	152,631		$ 788,597
Balance at ending of year	941,228	[1]	788,597
Accumulated Depreciation
Balance at beginning of year	16,590
Additions	23,572		16,590
Balance at ending of year	$ 40,162	[2]	$ 16,590
[1]	Excludes value of real estate intangibles. Aggregate cost for federal income tax purposes is approximately $795,324.
[2]	Depreciation of rental property is computed on a straight-line basis over the estimated useful lives of the assets. The estimated lives of our assets range from 5 to 40 years or to the term of the underlying lease.