View Filing Data

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Dec. 31, 2015	Mar. 02, 2016	Jun. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY
Trading Symbol	dea
Entity Registrant Name	Easterly Government Properties, Inc.
Entity Central Index Key	0001622194
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	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		24,168,379
Entity Public Float			$ 217.9

Combined Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets
Real estate properties, net	$ 772,007
Real estate investments, at fair value		$ 267,683
Cash and cash equivalents	8,176	31,437
Restricted cash	1,736
Rents receivable	6,347
Accounts receivable	2,920
Deferred financing, net	2,767
Intangible assets, net	116,585
Prepaid expenses and other assets	1,509	1,385
Total assets	912,047	300,505
Liabilities
Revolving credit facility	154,417
Mortgage notes payable	83,785
Intangible liabilities, net	44,605
Accounts payable and accrued liabilities	9,346	3,321
Total liabilities	292,153	3,321
Commitments and contingencies (Note 9)
Equity
Common stock, par value $0.01, 200,000,000 and 100,000 shares authorized, 24,168,379 and 1,000 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively	241
Additional paid-in capital	391,767	1
Retained (deficit)	(1,694)
Cumulative dividends	(13,051)
Total stockholders' equity	377,263	1
Members' capital		13,336
Non-controlling interest		283,847
Non-controlling interest in operating partnership	242,631
Total equity	619,894	297,184
Total liabilities and equity	$ 912,047	$ 300,505

Combined Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	200,000,000	100,000
Common Stock, shares issued	24,168,379	1,000
Common Stock, shares outstanding	24,168,379	1,000

Combined Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues
Rental income	$ 64,942
Tenant reimbursements	6,233
Other income	203
Income from real estate investments		$ 6,324	$ 4,006
Total revenues	71,378	6,324	4,006
Operating expenses
Property operating	13,340
Real estate taxes	6,983
Depreciation and amortization	33,561
Acquisition costs	2,887
Formation expenses	1,666
Corporate general and administrative	8,817	9,117	4,281
Fund general and administrative	75	819	1,299
Total expenses	67,329	9,936	5,580
Operating income	4,049	(3,612)	(1,574)
Other (expenses) / income
Interest expense, net	(4,972)
Net realized gain (loss) on investments		40
Net unrealized gain (loss) on investments	(5,122)	71,357	27,641
Net income (loss)	(6,045)	67,785	26,067
Non-controlling interest in operating partnership	4,351
Net income (loss) available to Easterly Government Properties, Inc.	$ (1,694)	2,396	(4,314)
Net income (loss) available to Easterly Government Properties, Inc. per share:
Basic	$ (0.08)
Diluted	$ (0.08)
Weighted- average common shares outstanding
Basic	21,430,016
Diluted	21,430,016
Easterly Partners, LLC [Member]
Other (expenses) / income
Non-controlling interest in operating partnership		$ (65,389)	$ (30,381)

Combined Consolidated Statements of Stockholders Equity - USD ($) $ in Thousands	Total	Common Stock Par Value [Member]	Additional Paid-in Capital [Member]	Retained (deficit) [Member]	Distributions in Excess of Earnings [Member]	Non-controlling Interest in Operating Partnership [Member]	Member Capital / (Deficit) [Member]	Non-controlling Interests [Member]
Beginning balance at Dec. 31, 2012	$ 103,428						$ (2,006)	$ 105,434
Contributions from members/partners	55,171						217	54,954
Distributions to members/partners	(8,883)						(7)	(8,876)
Dividend on preferred stock	(16)							(16)
Members’ capital	917						917
Carried interest							3,349	(3,349)
Net increase in capital resulting from operations	26,067						(4,314)	30,381
Net income (loss)	26,067
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 of common stock	1		$ 1
Purchase 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 (in shares) at Dec. 31, 2014		1,000
Balance at Dec. 31, 2014	297,184		1				13,336	283,847
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			67,312			194,530	(12,738)	(249,137)
Exchange of members' capital and non-controlling interests for OP units and shares (Par value)		$ 33,000
Exchange of members' capital and non-controlling interests for OP units and shares (in shares)		3,308,000
Public Offering	191,583		191,445
Public Offering Per Share		$ 138,000
Public Offering (in share)		13,800,000
Proceeds of private placement	75,638		105,435				$ (589)	$ (29,278)
Proceeds Of Private Placement Per Share		$ 70,000
Proceeds of private placement (in share)		7,033,712
Stock based compensation	1,867		292			1,575
Grant of unvested restricted stock		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 (in per share) at Dec. 31, 2015		$ 241,000
Balance (in shares) at Dec. 31, 2015		24,168,379
Balance at Dec. 31, 2015	$ 619,894		$ 391,767	$ (1,694)	$ (13,051)	$ 242,631

Combined Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities
Net income (loss)	$ (6,045)	$ 67,785	$ 26,067
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization	33,561
Amortization of above- / below-market leases	(4,900)
Amortization of deferred financing costs	756
Net realized gain on investments		(40)
Net unrealized (gain) loss on investments	5,122	(71,357)	(27,641)
Cash flows from financing activities
Debt payoff	(293,381)
Cash and cash equivalents, beginning of year	31,437
Cash and cash equivalents, end of year	8,176	31,437
Easterly Government Properties LP [Member]
Cash flows from operating activities
Net income (loss)	(6,045)	67,785	26,067
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization	33,561
Straight line rent	(220)
Amortization of above- / below-market leases	(4,866)
Amortization of loan premium / discount	(81)
Amortization of deferred financing costs	756
Purchase of investments		(30,316)	(46,918)
Deposits for potential new investments		668	(668)
Contributions to investments	(257)	(508)	(1,197)
Distributions from investments		7,637	5,410
Net realized gain on investments		(40)
Net unrealized (gain) loss on investments	5,122	(71,357)	(27,641)
Other	1,867	1,768
Net change in:
Rents receivable	(4,868)
Accounts receivable	(331)
Prepaid expenses and other assets	(779)	630	(374)
Accounts payable and accrued liabilities	6,091	1,337	775
Net cash provided by (used in) operating activities	29,950	(22,396)	(44,546)
Cash flows from investing activities
Real estate acquisitions and deposits	(170,188)
Cash assumed in formation	6,187
Additions to real estate property	(453)
Restricted cash	(98)
Net cash (used in) investing activities	(164,552)
Cash flows from financing activities
Payment of deferred financing costs	(3,523)	(24)
Issuance of common shares	193,545	1
Repurchase of initial shares	(1)
Proceeds from private placement	75,638
Credit facility draws, net	154,417
Borrowings on mortgage payable	15,700
Repayments of mortgage payable	(2,163)
Debt payoff	(293,381)
Dividends and distributions paid	(21,488)
Contributions		65,247	55,171
Distributions	(5,441)	(14,301)	(7,982)
Payment of offering costs	(1,962)	(453)
Net cash provided by financing activities	111,341	50,470	47,189
Net increase (decrease) in cash and cash equivalents	(23,261)	28,074	2,643
Cash and cash equivalents, beginning of year	31,437	3,363	720
Cash and cash equivalents, end of year	8,176	31,437	$ 3,363
Supplemental disclosure of cash flow information is as follows (amounts in thousands):
Cash paid for interest	4,051
Additions to real estate property	26
Deferred offering accrued, not paid		676
Deferred financing accrued, not paid		$ 90
Contribution for shares and OPUs	260,687
Easterly Government Properties LP [Member] \| Western Devcon, Inc [Member]
Supplemental disclosure of cash flow information is as follows (amounts in thousands):
Contribution for shares and OPUs	$ 86,597

Organization and Basis of Presentation	12 Months Ended
Organization and Basis of Presentation	Dec. 31, 2015
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 intends to qualify as a real estate investment trust (a “REIT”) under the Internal Revenue Code (the “Code”) commencing with its taxable period 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, 2015, we wholly owned 36 properties in the United States, including 33 properties that were leased primarily to U.S. Government tenant agencies and three properties that were entirely leased to private tenants, encompassing approximately 2.6 million square feet in the aggregate. 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, 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”). 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 60.9% of the Operating Partnership’s common units at December 31, 2015 and the remaining 39.1% was owned by the Easterly Funds and certain members of management. 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. Principle of Combination and 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 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 and, as a result, the Predecessor’s consolidated financial statements accounted for the Easterly Funds using specialized investment company accounting based on fair value. Subsequent to the IPO, as the properties contributed to us from the Easterly Funds are no longer held by funds that qualify for investment company accounting, we made a shift, in accordance with GAAP, to account for the properties contributed by the Easterly Funds using historical cost accounting instead of investment company accounting, resulting in a significant change in the presentation of our consolidated financial statements following the formation transactions. The contribution of the Western Devcon properties in the formation transactions has been accounted for as a business combination using the acquisition method of accounting and recognized at the estimated fair value of acquired assets and assumed liabilities on the date of such contribution. Due to the timing of the IPO and the formation transactions, the Company’s financial condition as of December 31, 2014 reflects the financial condition of the Company and the Predecessor and the results of operations for the year ended December 31, 2014 and 2013 reflect 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 Accounting Policies

12 Months Ended

Dec. 31, 2015

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. Real property is recognized at cost less accumulated depreciation. Betterments, major renovations 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.

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, 2015, we recognized $3.4 million in deferred financing costs associated with entering into a $400.0 million senior unsecured revolving credit facility 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, 2015 we recognized $0.8 million in accumulated amortization of these deferred financing costs.

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, will have 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. Tenant reimbursement income (scheduled rent increases based on increases in real estate taxes, operating expenses and utility usage) is recognized by us in the consolidated statements of operations when earned and when their amounts can be reasonably estimated. Above- and below-market leases are amortized into rental income over the terms of the respective leases.

Income Taxes

We intend to elect to be taxed as a REIT and operate in a manner that we believe allows us to qualify as a REIT for 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 year ended December 31, 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 Year Ended
	December 31, 2015
Net income (loss)	$	(6,045	)
Book depreciation and amortization		33,483
Above/Below market lease amortization		(4,866	)
Book/Tax differences on offering and acquisition costs at IPO		2,928
Book/Tax differences on unearned rent		2,138
Book/Tax differences on stock based compensation		1,867
Book/Tax differences on post IPO property acquisition costs		856
Other book/tax differences, net		(434	)
Tax depreciation		(16,451	)
Loss attributable to non-controlling interest		(7,956	)
Loss attributable to predecessor		5,581
Taxable income subject to distribution requirements⁽¹⁾	$	11,101

(1)

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 6 (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.

On May 6, 2015, our board of directors approved the issuance of 891,000 LTIP units to members of our management team under our 2015 Equity 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.

Application of new accounting standards

In September 2015, the Financial Accounting Standards Board (“FASB”) issued ASU 2015-16, Simplifying the Accounting for Measurement Period Adjustments (Topic 805). ASU 2015-16 addresses provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period. The guidance requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined, calculated as if the accounting had been completed as of the acquisition date and the amounts disclosed either on the face of the financial statements or the notes. This guidance is to be applied prospectively and is effective for fiscal years beginning after December 15, 2015.

In April 2015, FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. The guidance requires that all costs incurred to issue debt be presented in the balance sheet as a direct deduction from the carrying value of the debt. The amortization of these costs will remain under the interest method and will continue to be reported as interest expense. In August of 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements (Subtopic 835-30), which clarified the presentation of debt issuance costs related to credit facility arrangements, given the absence of authoritative guidance within ASU 2015-03. Under ASU 2015-15, debt issuance costs paid to third parties other than the lender related to credit facilities may be presented in the balance sheet as an asset, regardless of whether there are any outstanding borrowings on the credit facility. The guidance is effective for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. The new guidance will be applied on a retrospective basis. As the guidance is effective for fiscal year, beginning after December 15, 2015, the Company will implement this guidance, retrospectively, for fiscal years beginning after December 15, 2015. The Company incurred total debt issuance costs of $3.5 million for the year ended December 31, 2015, primarily associated with entering into a $400.0 million unsecured revolving credit facility.

In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis. The guidance modifies the analysis a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The guidance does not change the general order in which the consolidation models are applied. A reporting entity that holds an economic interest in, or is otherwise involved with, another legal entity first determines if the variable interest entity model applies, and if so, whether it holds a controlling financial interest under that model. If the entity being evaluated for consolidation is not a variable interest entity, then the voting model should be applied to determine whether the entity should be consolidated by the reporting entity. Key changes to the guidance include, though are not limited to; (i.) limiting the extent to which related party interests are included in the other economic interest criterion to the decision maker’s effective interest holding, (ii.) requiring limited partners of a limited partnership, or the members of a limited liability company that is similar to a limited partnership, to have, at minimum, kick-out or participating rights to demonstrate that the partnership is a voting entity, (iii.) changing the evaluation of whether the equity holders at risk lack decision making rights when decision making is outsourced and (iv.) changing how the economics test is performed. The guidance does not amend the existing disclosure requirements for variable interest entities or voting model entities. The guidance is effective for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. This standard will not have a significant impact.

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 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.

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.

Real Estate and Intangibles

12 Months Ended

Dec. 31, 2015

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 5 (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 and, as a result, the Predecessor’s consolidated financial statements accounted for the Easterly Funds using investment company accounting based on fair value. Subsequent to the IPO, as the properties contributed to us from the Easterly Funds are no longer held by funds that qualify for investment company accounting, we made a shift, in accordance with GAAP to account for the properties contributed by the Easterly Funds using historical cost accounting instead of investment company accounting, resulting in a significant change in the presentation of our consolidated financial statements following the formation transactions.

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 Feet
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 Portfolio			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

For the period from February 11, 2015 to December 31, 2015, we acquired seven 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:

	Total
Real estate
Land	$	18,645
Building		136,456
Acquired tenant improvements		3,037
Total real estate		158,138
Intangible assets
In-place leases		21,393
Acquired leasing commissions		4,628
Above-market leases		224
Total intangible assets		26,245
Intangible liabilities
Below-market leases		(13,995	)
Total intangible liabilities		(13,995	)
Prepaid expenses and other assets
Contingent consideration		518
Purchase price	$	170,906

We did not assume any debt upon acquisition of the seven properties. The fair value of the assets acquired and liabilities assumed in 2015 are preliminary as we continue to finalize their acquisition date fair value determination.

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 have an aggregate weighted average amortization period of 7.34 years as of December 31, 2015.

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, 2015 and 2014 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. 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 year ended December 31,
Proforma (unaudited)	2015		2014
Total rental revenue	$	93,202	$	93,202
Net income (loss) ⁽¹⁾		6,631		2,078

(1)

The net income for the year ended December 31, 2015 excludes $4.6 million of property acquisition and formation costs incurred in the year ended December 31, 2015. Additionally, the net income for the year ended December 31, 2014 was adjusted to include these acquisition and formation costs.

Real estate and intangibles consisted of the following as of December 31, 2015 (dollars in thousands):

	Total
Real estate
Land	$	97,899
Building		655,832
Acquired tenant improvements		34,866
Accumulated amortization		(16,590	)
Total Real Estate	$	772,007
Intangible assets
In-place leases	$	103,919
Acquired leasing commissions		20,235
Above market leases		10,631
Accumulated amortization		(18,200	)
Total Intangible assets	$	116,585
Intangible liabilities
Below market leases	$	(50,700	)
Accumulated amortization		6,095
Total Intangible liabilities	$	(44,605	)

The net projected amortization of total intangible assets and intangible liabilities as of December 31, 2015 are as follows (dollars in thousands):

	Total
Intangible assets
2016		22,673
2017		21,307
2018		17,850
2019		13,079
2020		11,412
Thereafter		30,264
	$	116,585
Intangible liabilities
2016		(8,093	)
2017		(7,896	)
2018		(7,531	)
2019		(5,786	)
2020		(5,368	)
Thereafter		(9,931	)
	$	(44,605	)

Debt

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Debt

4. Debt

At December 31, 2015, our borrowings consisted of the following (dollars in thousands):

	Total
Senior unsecured revolving credit facility	$	154,417
Mortgage debt		83,785
Total	$	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, 2015, we were in compliance with all financial and restrictive covenants under our senior unsecured revolving credit facility.

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, 2015, the Company had $0.2 million of standby letters of credit. There were no draws against these letters of credit during the year ended December 31, 2015.

c. Mortgage Debt

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.

At December 31, 2015, 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, 2015 the fair value of our mortgage debt was $82.7 million.

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 - Jacksonville	Fixed		4.41%		3.89%	October 2025		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

d. Aggregate Debt Maturities

The Company’s aggregate debt maturities based on outstanding principal as of December 31, 2015 are as follows (dollars in thousands):

	Total
2016	$	2,857
2017		2,977
2018		3,100
2019		157,647
2020		3,395
Thereafter		67,680
		237,656
Unamortized fair value adjustments		546
	$	238,202

Fair Value Measurements

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

5. 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. The unrealized appreciation of the investments includes a loss of $10,666 related to the value of the debt for the year ended December 31, 2014.

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 and 2014. 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 January 1, 2014	$	173,099
Purchase of investments		30,316
Contributions to investments		508
Distributions from investments		(7,637	)
Net change in realized appreciation		40
Net change in unrealized appreciation (depreciation)		71,357
Balance at December 31, 2014	$	267,683
Purchase of investments		-
Contributions to investments		257
Distributions from investments		-
Net change in realized appreciation		-
Net change in unrealized (depreciation) appreciation		(5,122	)
Sale of investments to the Operating Partnership		(262,818	)
Balance at December 31, 2015	$	-

The following table shows quantitative information about unobservable inputs related to the Level 3 fair value measurements as of December 31, 2014.

Financial Instruments

Fair Value

Valuation Technique

Unobservable Inputs

Ranges

Real Estate Investments

267,683

Discounted cash flow

Residual capitalization rates

6.46% - 7.98%

Discount rates

6.88% - 8.44%

Interest rates

2.81% - 6.05%

The above inputs are subject to change based on changes in economic and market conditions and/or changes in use or timing of exit. Changes in discount rates and residual capitalization rates result in increases, or decreases, in the fair values of these investments. The discount rates encompass, among other things, uncertainties in the valuation model with respect to residual capitalization rates and the amount of timing of cash flows. Therefore, a change in the fair value of these investments resulting from a change in the residual capitalization rate may be partially offset by a change in the discount rate. Significant increases (decreases) in any of these inputs in isolation would result in a significantly lower (higher) fair value, respectively.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Equity

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Equity

6. 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 26,667 shares of restricted common stock issued to our non-employee directors at the completion of the IPO, which will vest upon the anniversary of the date of grant or the next annual stockholder meeting, as applicable.

On May 6, 2015, the Board approved the issuance of 891,000 LTIP Units of limited partnership interest in the Operating Partnership 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, 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

We recognized $1.9 million in compensation expense related to the restricted common stock and the LTIP Unit awards for the year ended December 31, 2015. As of December 31, 2015 unrecognized compensation expense for both awards was $6.3 million.

We valued our non-vested restricted share award issued in 2015 at the grant date fair value, which was the market price of our common shares.

For the LTIP unit awards issued in 2015, we used a Monte Carlo Simulation (risk-neutral approach) to determine the number of shares that may be issued pursuant to the award. 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%.

The weighted average grant date fair value of the restricted shares and LTIP units issued in 2015 were $15.00 and $8.67, respectively. As of December 31, 2015, no shares had vested.

No additional shares of common stock or options were issued under the 2015 Equity Incentive Plan as of December 31, 2015. All shares of our common stock issued to the Easterly Funds as a part of the IPO, the formation transactions and the concurrent private placement will be eligible for future sale and certain of such shares held by holders of shares of our common stock and holders of common units in our operating partnership (other than the Company and its affiliates) will have registration rights pursuant to registration rights agreements that we have entered into with those investors. 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.

Our board of directors declared a dividend for the first quarter of 2015 in the amount of $0.11 per share of common stock and per common unit of the operating partnership, outstanding to stockholders and common unit holders of record as of the close of business on May 18, 2015. Our board of directors also declared a dividend for the first quarter of 2015 for each LTIP unit in an amount equal to 10% of the dividend paid per common unit of our operating partnership. The quarterly cash dividend of $0.11 per share of common stock and common unit reflects the 49 day period in the quarter ended March 31, 2015 during which we were a public company. Such dividends were paid on June 3, 2015.

On August 4, 2015, our board of directors declared a dividend for the second quarter of 2015 in the amount of $0.21 per share of common stock and per common unit of our operating partnership, outstanding to stockholders and common unit holders of record as of the close of business on August 18, 2015. Our board of directors also declared a dividend for the second quarter of 2015 for each LTIP unit in an amount equal to 10% of the dividend paid per common unit of our operating partnership. Such dividends were paid on September 3, 2015.

On November 3, 2015, our board of directors declared a dividend for the third quarter of 2015 in the amount of $0.22 per share of common stock and per common unit of our operating partnership, outstanding to stockholders and common unit holders of record as of the close of business on November 17, 2015. Our board of directors also declared a dividend for the third quarter of 2015 for each LTIP unit in an amount equal to 10% of the dividend paid per common unit of our operating partnership. Such dividends were paid on December 3, 2015.

On February 26, 2016, our board of directors declared a dividend for the fourth quarter of 2015 in the amount of $0.22 per share of common stock and per common unit of our operating partnership, outstanding to stockholders and common unit holders of record as of the close of business on March 10, 2016. Our board of directors also declared a dividend for the fourth quarter of 2015 for each LTIP unit in an amount equal to 10% of the dividend paid per common unit of our operating partnership. Such dividends are to be paid on March 25, 2016.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB TOPIC 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

+ Details

Earnings Per Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

7. 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 for the computation of the Company’s basic and diluted earnings per share of common stock for the year ended December 31, 2015 (amounts in thousands, except per share amounts):

	For the year ended
	December 31, 2015
Numerator
Net income (loss)	$	(6,045	)
Less: Non-controlling interest in predecessor		—
Less: Non-controlling interest in operating partnership		4,351
Net income (loss) available to Easterly Government Properties, Inc.		(1,694	)
Less: Dividends on participating securities		(63	)
Net income (loss) available to common stockholders	$	(1,757	)
Denominator for basic EPS		21,430,016
Dilutive effect of share-based compensation awards		—
Dilutive effect of LTIP units		—
Denominator for basic and diluted EPS		21,430,016
Basic EPS	$	(0.08	)
Diluted EPS	$	(0.08	)

Operating Leases

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

Operating Leases

8. 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, 2015, future non-cancelable minimum contractual rent payments are as follows (dollars in thousands):

	Payments due by period
	Total		2016		2017		2018		2019		2020		Thereafter
Operating Leases
Minimum lease payments	$	475,607		61,643		60,552		58,026		52,189		46,451		196,746

The Company’s consolidated properties were 100% occupied by 19 tenants at December 31, 2015. We recognized $59.9 million in rental income attributable to base rent for the year ended December 31, 2015 and recorded a straight-line adjustment of $0.2 million for year ended December 31, 2015. We also recognized $4.9 million in rental income attributable to the amortization of our above- and below-market leases for the year ended December 31, 2015.

- Definition

The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases.

+ References + Details

Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

9. Commitments and Contingencies

a) Operating Leases

We lease 4,731 square feet of office space in Washington, D.C. under an operating lease agreement that commenced February 2012 and expires in March 2016. Upon completion of the IPO, we became responsible for monthly rental payments. In October of 2015 we entered into a sublease agreement for 5,682 square feet of office space in Washington, D.C. with an estimated commencement date of February 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 $0.4 million, $0.3 million and $0.2 million for years ended December 31, 2015, 2014 and 2013, respectively. Future minimum rental payments under the Company’s corporate office leases as of December 31, 2015 are summarized as follows (amounts in thousands):

	Payments due by period
	Total		2016		2017		2018		2019		2020		Thereafter
Corporate office leases
Minimum lease payments	$	1,605		234		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	12 Months Ended
Concentrations Risk	Dec. 31, 2015
Risks And Uncertainties [Abstract]
Concentrations Risk	10. 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, 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%. Thirteen of our 36 properties are located in California, accounting for approximately 23.6% of our total rentable square feet and approximately 31.8% of our total annualized lease income as of December 31, 2015. 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	12 Months Ended
Related Party	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party	11. Related Party Since the completion of the IPO, we were responsible for reimbursing Easterly Capital $0.3 million for a portion of rent and office expense at their Beverly, MA office and for the services of certain employees during the year ended December 31, 2015. Additionally, during the year ended December 31, 2015, Western Devcon was responsible for reimbursing us $0.3 million for certain costs that we paid on their behalf.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events For its consolidated financial statements as of December 31, 2015, the Company evaluated subsequent events and noted the following significant events in addition to the dividends declared by our board of directors for the fourth quarter of 2015 (see Note 6) On February 17, 2016 the Company acquired a 71,100 square foot property located in Albuquerque, New Mexico. The building was constructed in 2011 and is 100% leased to the GSA and occupied by Immigration and Customs Enforcement under a 15-year lease that expires in January 2027.

Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data

13. Selected Quarterly Financial Data (unaudited)

The following is a summary of our unaudited quarterly results of operations for 2015.

	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 Accumulated Depreciation

12 Months Ended

Dec. 31, 2015

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, 2015

(Amounts in thousands)

					Initial Cost to Company						Cost amount carried at Close of Period
	Property & Type⁽¹⁾	Location	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
1	IRS - Fresno (O)	Fresno, CA	$	—	$	1,499	$	68,309	$	37	$	1,499	$	68,346	$	69,845	$	1,730	2003	2/11/2015
2	PTO - Arlington (O)	Arlington, VA		—		14,350		44,442		64		14,350		44,506		58,856		1,641	2009	2/11/2015
3	FBI - San Antonio (O)	San Antonio, TX		—		3,745		49,153		6		3,745		49,159		52,904		1,336	2007	2/11/2015
4	FBI - Omaha (O)	Omaha, NE		—		4,635		41,319		85		4,635		41,404		46,039		1,221	2009	2/11/2015
5	ICE - Charleston (O)	North Charleston, SC		22,396		963		34,987		5		963		34,992		35,955		863	1994 / 2012	2/11/2015
6	DOT - Lakewood (O)	Lakewood, CO		—		1,521		32,865		—		1,521		32,865		34,386		919	2004	2/11/2015
7	USCIS - Lincoln (O)	Lincoln, NE		—		2,310		26,328		—		2,310		26,328		28,638		126	2005	11/12/2015
8	AOC - El Centro (C/O)	El Centro, CA		—		1,084		20,765		5		1,084		20,770		21,854		569	2004	2/11/2015
9	DEA- Pleasanton (L)	Pleasanton, CA		15,700		5,765		20,859		—		5,765		20,859		26,624		103	2015	10/21/2015
10	USFS II - Albuquerque (O)	Albuquerque, NM		18,150		2,345		28,611		—		2,345		28,611		30,956		876	2011	2/11/2015
11	DEA - Vista (L)	Vista, CA		—		3,998		24,053		—		3,998		24,053		28,051		534	2002	2/11/2015
12	FBI - Richmond (O)	Richmond, VA		—		3,041		23,931		—		3,041		23,931		26,972		51	2001	12/7/2015
13	AOC - Del Rio (C/O)	Del Rio, TX		—		210		30,676		33		210		30,709		30,919		791	1992 / 2004	2/11/2015
14	USFS I - Albuquerque (O)	Albuquerque, NM		—		2,905		23,804		18		2,905		23,822		26,727		630	2006	2/11/2015
15	DEA - Dallas Lab (L)	Dallas, TX		—		2,753		23,848		—		2,753		23,848		26,601		51	2001	12/1/2015
16	MEPCOM - Jacksonville (O)	Jacksonville, FL		12,812		2,532		16,621		6		2,532		16,627		19,159		503	2010	2/11/2015
17	FBI - Little Rock (O)	Little Rock, AR		—		2,278		19,318		20		2,278		19,338		21,616		532	2001	2/11/2015
18	CBP - Savannah (L)	Savannah, GA		14,727		3,220		10,687		13		3,220		10,700		13,920		270	2013	2/11/2015
19	DEA - Santa Ana (O)	Santa Ana, CA		—		6,413		8,635		5		6,413		8,640		15,053		340	2004	2/11/2015
20	DOE - Lakewood (O)	Lakewood, CO		—		1,377		18,204		36		1,377		18,240		19,617		343	1999	4/1/2015
21	ICE - Otay (O)	San Diego, CA		—		2,252		12,280		—		2,252		12,280		14,532		125	2001	9/11/2015
22	DEA - Dallas (O)	Dallas, TX		—		1,005		14,546		26		1,005		14,572		15,577		419	2001	2/11/2015
23	CBP - Chula Vista (O)	Chula Vista, CA		—		6,332		7,471		26		6,332		7,497		13,829		166	1998	2/11/2015
24	DEA - North Highlands (O)	Sacramento, CA		—		1,434		9,369		—		1,434		9,369		10,803		295	2002	2/11/2015
25	USCG - Martinsburg (O)	Martinsburg, WV		—		1,700		13,294		26		1,700		13,320		15,020		395	2007	2/11/2015
26	CBP - Sunburst (O)	Sunburst, MT		—		2,192		9,423		32		2,192		9,455		11,647		241	2008	2/11/2015
27	AOC - Aberdeen (C/O)	Aberdeen, MS		—		1,147		14,044		—		1,147		14,044		15,191		196	2005	6/17/2015
28	DEA - Albany (O)	Albany, NY		—		1,801		11,544		—		1,801		11,544		13,345		256	2004	2/11/2015
29	DEA - Riverside (O)	Riverside, CA		—		1,983		6,755		15		1,983		6,770		8,753		261	1997	2/11/2015
30	DEA - Otay (O)	San Diego, CA		—		1,389		7,358		21		1,389		7,379		8,768		252	1997	2/11/2015
31	SSA - Mission Viejo (O)	Mission Viejo, CA		—		1,454		1,690		—		1,454		1,690		3,144		91	2005	2/11/2015
32	SSA - San Diego (O)	San Diego, CA		—		773		2,481		—		773		2,481		3,254		82	2003	2/11/2015
33	DEA - San Diego (W)	San Diego, CA		—		3,060		510		—		3,060		510		3,570		50	1999	2/11/2015
34	2650 SW 145th Avenue - Parbel of Florida (W/D)	Miramar, FL		—		2,177		9,417		—		2,177		9,417		11,594		245	2007	2/11/2015
35	5998 Osceola Court - United Technologies (W/M)	Midland, GA		—		1,715		1,650		—		1,715		1,650		3,365		57	2014	2/11/2015
36	501 East Hunter Street - Lummus Corporation (W/D)	Lubbock, TX		—		541		972		—		541		972		1,513		30	2013	2/11/2015
			$	83,785	$	97,899	$	690,219	$	479	$	97,899	$	690,698	$	788,597	$	16,590

(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 $647,265

(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

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Real Estate Properties

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

Cash and Cash Equivalents

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

Revenue Recognition

Income Taxes

The following table reconciles GAAP net income to taxable income:

	For the Year Ended
	December 31, 2015
Net income (loss)	$	(6,045	)
Book depreciation and amortization		33,483
Above/Below market lease amortization		(4,866	)
Book/Tax differences on offering and acquisition costs at IPO		2,928
Book/Tax differences on unearned rent		2,138
Book/Tax differences on stock based compensation		1,867
Book/Tax differences on post IPO property acquisition costs		856
Other book/tax differences, net		(434	)
Tax depreciation		(16,451	)
Loss attributable to non-controlling interest		(7,956	)
Loss attributable to predecessor		5,581
Taxable income subject to distribution requirements⁽¹⁾	$	11,101

(1)

The Company’s distributions are characterized as 85.06% ordinary taxable dividend and

$14.94% return of capital.

Stock Based Compensation

Earnings Per Share of Common Stock Amount

Deferred Offering Costs

Segments

Application of new accounting standards

Real Estate Investments

Fair Value of Investments

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.

Non-controlling Interests

Non-Controlling Interests

Non-Controlling Interest

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

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

Reconciles GAAP Net Income to Taxable Income

The following table reconciles GAAP net income to taxable income:

	For the Year Ended
	December 31, 2015
Net income (loss)	$	(6,045	)
Book depreciation and amortization		33,483
Above/Below market lease amortization		(4,866	)
Book/Tax differences on offering and acquisition costs at IPO		2,928
Book/Tax differences on unearned rent		2,138
Book/Tax differences on stock based compensation		1,867
Book/Tax differences on post IPO property acquisition costs		856
Other book/tax differences, net		(434	)
Tax depreciation		(16,451	)
Loss attributable to non-controlling interest		(7,956	)
Loss attributable to predecessor		5,581
Taxable income subject to distribution requirements⁽¹⁾	$	11,101

(1)

The Company’s distributions are characterized as 85.06% ordinary taxable dividend and

$14.94% return of capital.

Real Estate and Intangibles (Tables)

12 Months Ended

Dec. 31, 2015

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 Feet
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 Portfolio			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

	Total
Real estate
Land	$	18,645
Building		136,456
Acquired tenant improvements		3,037
Total real estate		158,138
Intangible assets
In-place leases		21,393
Acquired leasing commissions		4,628
Above-market leases		224
Total intangible assets		26,245
Intangible liabilities
Below-market leases		(13,995	)
Total intangible liabilities		(13,995	)
Prepaid expenses and other assets
Contingent consideration		518
Purchase price	$	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 year ended December 31,
Proforma (unaudited)	2015		2014
Total rental revenue	$	93,202	$	93,202
Net income (loss) ⁽¹⁾		6,631		2,078

Schedule of Real Estate and Intangibles

Real estate and intangibles consisted of the following as of December 31, 2015 (dollars in thousands):

	Total
Real estate
Land	$	97,899
Building		655,832
Acquired tenant improvements		34,866
Accumulated amortization		(16,590	)
Total Real Estate	$	772,007
Intangible assets
In-place leases	$	103,919
Acquired leasing commissions		20,235
Above market leases		10,631
Accumulated amortization		(18,200	)
Total Intangible assets	$	116,585
Intangible liabilities
Below market leases	$	(50,700	)
Accumulated amortization		6,095
Total Intangible liabilities	$	(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, 2015 are as follows (dollars in thousands):

	Total
Intangible assets
2016		22,673
2017		21,307
2018		17,850
2019		13,079
2020		11,412
Thereafter		30,264
	$	116,585
Intangible liabilities
2016		(8,093	)
2017		(7,896	)
2018		(7,531	)
2019		(5,786	)
2020		(5,368	)
Thereafter		(9,931	)
	$	(44,605	)

Debt (Tables)

12 Months Ended

Dec. 31, 2015

Summary of Borrowings

At December 31, 2015, our borrowings consisted of the following (dollars in thousands):

	Total
Senior unsecured revolving credit facility	$	154,417
Mortgage debt		83,785
Total	$	238,202

Summary of Aggregate Debt Pay Downs

The Company’s aggregate debt maturities based on outstanding principal as of December 31, 2015 are as follows (dollars in thousands):

	Total
2016	$	2,857
2017		2,977
2018		3,100
2019		157,647
2020		3,395
Thereafter		67,680
		237,656
Unamortized fair value adjustments		546
	$	238,202

Mortgage Debt [Member]

Summary of Mortgage Debt

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 - Jacksonville	Fixed		4.41%		3.89%	October 2025		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

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Roll-forward of Amounts for Investments Classified Within Level 3

Balance at January 1, 2014	$	173,099
Purchase of investments		30,316
Contributions to investments		508
Distributions from investments		(7,637	)
Net change in realized appreciation		40
Net change in unrealized appreciation (depreciation)		71,357
Balance at December 31, 2014	$	267,683
Purchase of investments		-
Contributions to investments		257
Distributions from investments		-
Net change in realized appreciation		-
Net change in unrealized (depreciation) appreciation		(5,122	)
Sale of investments to the Operating Partnership		(262,818	)
Balance at December 31, 2015	$	-

Unobservable Inputs Related to Level 3 Fair Value Measurements

The following table shows quantitative information about unobservable inputs related to the Level 3 fair value measurements as of December 31, 2014.

Financial Instruments

Fair Value

Valuation Technique

Unobservable Inputs

Ranges

Real Estate Investments

267,683

Discounted cash flow

Residual capitalization rates

6.46% - 7.98%

Discount rates

6.88% - 8.44%

Interest rates

2.81% - 6.05%

Equity (Tables)

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Summary of Non-vested Common Share Awards

A summary of our non-vested common share awards at December 31, 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

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Summary of Basic and Diluted Earnings Per Common Share

The following table sets for the computation of the Company’s basic and diluted earnings per share of common stock for the year ended December 31, 2015 (amounts in thousands, except per share amounts):

	For the year ended
	December 31, 2015
Numerator
Net income (loss)	$	(6,045	)
Less: Non-controlling interest in predecessor		—
Less: Non-controlling interest in operating partnership		4,351
Net income (loss) available to Easterly Government Properties, Inc.		(1,694	)
Less: Dividends on participating securities		(63	)
Net income (loss) available to common stockholders	$	(1,757	)
Denominator for basic EPS		21,430,016
Dilutive effect of share-based compensation awards		—
Dilutive effect of LTIP units		—
Denominator for basic and diluted EPS		21,430,016
Basic EPS	$	(0.08	)
Diluted EPS	$	(0.08	)

Operating Leases (Tables)

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

Summary of Future Non Cancellable Minimum Contractual Rent Payments

	Payments due by period
	Total		2016		2017		2018		2019		2020		Thereafter
Operating Leases
Minimum lease payments	$	475,607		61,643		60,552		58,026		52,189		46,451		196,746

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2015

Summary of Future Non Cancellable Minimum Contractual Rent Payments

	Payments due by period
	Total		2016		2017		2018		2019		2020		Thereafter
Operating Leases
Minimum lease payments	$	475,607		61,643		60,552		58,026		52,189		46,451		196,746

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, 2015 are summarized as follows (amounts in thousands):

	Payments due by period
	Total		2016		2017		2018		2019		2020		Thereafter
Corporate office leases
Minimum lease payments	$	1,605		234		319		286		298		309		159

Selected Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2015

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 2015.

	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 Presentation - Additional Information (Detail) $ / shares in Units, $ in Thousands, ft² in Millions		12 Months Ended
	Feb. 11, 2015 USD ($) Property $ / shares shares	Dec. 31, 2015 USD ($) ft² Property
Organization And Significant Accounting Policies [Line Items]
Gross proceeds from initial public offering \| $	$ 207,000
Debt payoff \| $		$ 293,381
Outstanding common units of partnership interest owned percentage		60.90%
Noncontrolling interest, ownership percentage by noncontrolling owners		39.10%
Western Devcon, Inc [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties \| Property	14
Number of stock units exchanged	5,759,819
Management Entities [Member]
Organization And Significant Accounting Policies [Line Items]
Number of stock units exchanged	1,135,406
Easterly Funds [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties \| Property	15
Common stock shares exchanged	3,308,000
Number of stock units exchanged	8,635,714
IPO [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties \| Property	15
Shares issued, number of shares	13,800,000
Par value per share \| $ / shares	$ 15.00
Net proceeds from initial public offering \| $	$ 191,600
Over-Allotment Option [Member]
Organization And Significant Accounting Policies [Line Items]
Shares issued, number of shares	1,800,000
Private Placement [Member]
Organization And Significant Accounting Policies [Line Items]
Shares issued, number of shares	7,033,712
Shares issued, price per share \| $ / shares	$ 15.00
Wholly Owned Properties [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties \| Property		36
Aggregate area of land \| ft²		2.6
Wholly Owned Properties [Member] \| Government [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties \| Property		33
Wholly Owned Properties [Member] \| Private Tenants [Member]
Organization And Significant Accounting Policies [Line Items]
Number of properties \| Property		3

Summary of Significant Accounting Policies - Summary of Range of useful Lives For Depreciable Assets (Detail)	12 Months Ended
	Dec. 31, 2015
Building [Member]
Property Plant And Equipment [Line Items]
Building improvements	40 years
Building Improvements [Member] \| Minimum [Member]
Property Plant And Equipment [Line Items]
Building improvements	5 years
Building Improvements [Member] \| Maximum [Member]
Property Plant And Equipment [Line Items]
Building improvements	40 years
Furniture and Equipment [Member] \| Minimum [Member]
Property Plant And Equipment [Line Items]
Building improvements	3 years
Furniture and Equipment [Member] \| Maximum [Member]
Property Plant And Equipment [Line Items]
Building improvements	7 years

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)				12 Months Ended
	Nov. 03, 2015	Aug. 04, 2015	May 06, 2015	Dec. 31, 2015	Feb. 11, 2015
Accounting Policies [Line Items]
Amortization of deferred financing costs				$ 756,000
Operating partnership dividend rate percentage	10.00%	10.00%	10.00%	10.00%
Debt issuance cost				$ 3,500,000
Long Term Incentive Plan [Member]
Accounting Policies [Line Items]
Issuing of LTIP units of limited partnership interest			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%
Minimum [Member]
Accounting Policies [Line Items]
Distribution of REIT taxable income				90.00%
Mortgage Debt [Member] \| DEA Pleasanton [Member]
Accounting Policies [Line Items]
Line of credit facility 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 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 Accounting Policies - Reconciliation of GAAP Net Income to Taxable Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Net income (loss)	$ (6,045)	$ 67,785	$ 26,067
Book depreciation and amortization	33,483
Above/Below market lease amortization	(4,866)
Book/Tax differences on offering and acquisition costs at IPO	2,928
Book/Tax differences on unearned rent	2,138
Book/Tax differences on stock based compensation	1,867
Book/Tax differences on post IPO property acquisition costs	856
Other book/tax differences, net	(434)
Tax depreciation	(16,451)
Loss attributable to non-controlling interest	(7,956)
Loss attributable to predecessor	5,581
Taxable income subject to distribution requirements	$ 11,101

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

Real Estate and Intangibles - Additional Information (Detail) $ in Thousands			3 Months Ended				11 Months Ended	12 Months Ended
	Oct. 21, 2015 ft²	Feb. 11, 2015 Property shares	Dec. 31, 2015 USD ($) Property	Sep. 30, 2015 USD ($)	Jun. 30, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2015 USD ($) Property	Dec. 31, 2015 USD ($) Property	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Real Estate Properties [Line Items]
Purchase price			$ 347,084				$ 347,084	$ 347,084
Property acquisition Area of laboratory acquired \| ft²	42,480
Lease term	20 years
Weighted average amortization period								7 years 4 months 2 days
Revenues			22,174	$ 19,857	$ 19,256	$ 10,091
Net loss/income			$ 105	$ 498	$ 588	$ (2,885)		$ (1,694)	$ 2,396	$ (4,314)
Acquisition-related costs								2,887
Formation expenses								$ 1,666
Consolidated Properties [Member]
Real Estate Properties [Line Items]
Revenues							71,400
Net loss/income							$ 15,300
Western Devcon, Inc [Member]
Real Estate Properties [Line Items]
Percentage of ownership			100.00%				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	$ 86,397
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
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

Real Estate and Intangibles - Schedule of Transactions of Acquired Properties (Detail)	12 Months Ended
	Dec. 31, 2015 ft²
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 - Fair Values of Assets Acquired and Liabilities Assumed (Detail) $ in Thousands	Dec. 31, 2015 USD ($)
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
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] \| 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] \| 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] \| 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 - Proforma Financial Information of Future Operating Results (Detail) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

Real Estate [Abstract]

Total rental revenue

$ 93,202

Net income (loss)

^[1]

$ 6,631

$ 2,078

[1]	The net income for the year ended December 31, 2015 excludes $4.6 million of property acquisition and formation costs incurred in the year ended December 31, 2015. Additionally, the net income for the year ended December 31, 2014 was adjusted to include these acquisition and formation costs.

Real Estate and Intangibles - Proforma Financial Information of Future Operating Results (Detail Parenthetical) $ in Millions	12 Months Ended
	Dec. 31, 2015 USD ($)
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]
Property acquisition and formation costs	$ 4.6

Real Estate and Intangibles - Schedule of Real Estate and Intangibles (Detail) $ in Thousands	Dec. 31, 2015 USD ($)
Real estate
Land	$ 97,899
Building	655,832
Acquired tenant improvements	34,866
Accumulated amortization	(16,590)
Total Real Estate	772,007
Intangible assets
Above market leases	34,866
Accumulated amortization	(18,200)
Total Intangible assets	116,585
Intangible liabilities
Intangible Liabilities, Below market leases	(50,700)
Intangible Liabilities, Accumulated amortization	6,095
Total Intangible liabilities	44,605
In-place leases [Member]
Real estate
Acquired tenant improvements	103,919
Intangible assets
Above market leases	103,919
Acquired Leasing Commissions [Member]
Real estate
Acquired tenant improvements	20,235
Intangible assets
Above market leases	20,235
Above Market Leases [Member]
Real estate
Acquired tenant improvements	10,631
Intangible assets
Above market leases	$ 10,631

Real Estate and Intangibles - Amortization of Total Intangible Assets and Intangible Liabilities (Detail) $ in Thousands	Dec. 31, 2015 USD ($)
Real Estate [Abstract]
Intangible assets, 2016	$ 22,673
Intangible assets, 2017	21,307
Intangible assets, 2018	17,850
Intangible assets, 2019	13,079
Intangible assets, 2020	11,412
Intangible assets, Thereafter	30,264
Intangible assets, Total	116,585
Intangible liabilities, 2016	(8,093)
Intangible liabilities, 2017	(7,896)
Intangible liabilities, 2018	(7,531)
Intangible liabilities, 2019	(5,786)
Intangible liabilities, 2020	(5,368)
Intangible liabilities, Thereafter	(9,931)
Intangible liabilities, Total	$ (44,605)

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

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Debt - Additional Information (Detail) - USD ($)	12 Months Ended
Debt - Additional Information (Detail) - USD ($)	Dec. 31, 2015	Feb. 11, 2015
Debt Instrument [Line Items]
Outstanding borrowings	$ 154,417,000
Mortgage Debt [Member]
Debt Instrument [Line Items]
Secured nonrecourse debt	293,400,000
Fair value of debt	82,700,000
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	1.75%
Weighted average annual interest rate	1.62%
Outstanding borrowings	$ 154,417,000
Amount available under revolving credit facility	$ 245,600,000
Senior Unsecured Revolving Credit Facility [Member] \| Federal Funds Effective Swap Rate [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	0.50%
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] \| 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] \| Eurodollar [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	1.90%
Senior Unsecured Revolving Credit Facility [Member] \| Federal Funds [Member] \| LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	1.00%
Senior Unsecured Revolving Credit Facility [Member] \| Federal Funds [Member] \| Minimum [Member] \| One Month LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	0.40%
Senior Unsecured Revolving Credit Facility [Member] \| Federal Funds [Member] \| Maximum [Member] \| One Month LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate margin	0.90%
Standby Letters of Credit [Member]
Debt Instrument [Line Items]
Outstanding borrowings	$ 200,000
Letters of Credit Outstanding, Amount	$ 0

Debt - Summary of Mortgage Debt (Detail) $ in Thousands	12 Months Ended
Debt - Summary of Mortgage Debt (Detail) $ in Thousands	Dec. 31, 2015 USD ($)
Debt Instrument [Line Items]
Premium/Discount	$ (546)
Carrying Value	238,202
Mortgage Debt [Member]
Debt Instrument [Line Items]
Principal Balance	83,239
Premium/Discount	546
Carrying Value	$ 83,785
Mortgage Debt [Member] \| CBP Savannah [Member]
Debt Instrument [Line Items]
Fixed/Floating	Fixed
Interest rate payable on borrowings	3.40%
Effective Interest Rate	4.12%
Maturity Date	Jul. 31, 2033
Principal Balance	$ 15,580
Premium/Discount	(853)
Carrying Value	$ 14,727
Mortgage Debt [Member] \| ICE Charleston [Member]
Debt Instrument [Line Items]
Fixed/Floating	Fixed
Interest rate payable on borrowings	4.21%
Effective Interest Rate	3.93%
Maturity Date	Jan. 31, 2027
Principal Balance	$ 21,993
Premium/Discount	403
Carrying Value	$ 22,396
Mortgage Debt [Member] \| MEPCOM Jacksonville [Member]
Debt Instrument [Line Items]
Fixed/Floating	Fixed
Interest rate payable on borrowings	4.41%
Effective Interest Rate	3.89%
Maturity Date	Oct. 31, 2025
Principal Balance	$ 12,489
Premium/Discount	323
Carrying Value	$ 12,812
Mortgage Debt [Member] \| USFS II Albuquerque [Member]
Debt Instrument [Line Items]
Fixed/Floating	Fixed
Interest rate payable on borrowings	4.46%
Effective Interest Rate	3.92%
Maturity Date	Jul. 31, 2026
Principal Balance	$ 17,477
Premium/Discount	673
Carrying Value	$ 18,150
Mortgage Debt [Member] \| DEA Pleasanton [Member]
Debt Instrument [Line Items]
Fixed/Floating	Floating
Interest rate payable on borrowings	LIBOR + 150bps
Effective Interest Rate	1.80%
Maturity Date	Oct. 31, 2023
Principal Balance	$ 15,700
Carrying Value	$ 15,700

Debt - Summary of Aggregate Debt Pay Downs (Detail) $ in Thousands	Dec. 31, 2015 USD ($)
Debt Disclosure [Abstract]
2016	$ 2,857
2017	2,977
2018	3,100
2019	157,647
2020	3,395
Thereafter	67,680
Debt instrument carrying amount	237,656
Unamortized fair value adjustments	546
Long term debt, Total	$ 238,202

Fair Value Measurements - Additional Information(Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Unrealized appreciation of investments includes loss related to the value of debt	$ (5,122)	$ 71,357
Investments [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Unrealized appreciation of investments includes loss related to the value of debt		$ 10,666

Fair value measurements - Level 3 Based Upon Significance of Unobservable Inputs to Overall Fair Value Measurement (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Beginning Balance	$ 267,683	$ 173,099
Purchase of investments		30,316
Contributions to investments	257	508
Distributions from investments		(7,637)
Net change in realized appreciation		40
Net change in unrealized appreciation (depreciation)	(5,122)	71,357
Sale of investments to the Operating Partnership	$ (262,818)
Ending Balance		$ 267,683

Fair value measurements - Unobservable Inputs Related to Level 3 Fair Value Measurements (Detail) - Level 3 [Member] - Real Estate Investment [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2014 USD ($)
Fair Value Inputs Assets Quantitative Information [Line Items]
Fair Value	$ 267,683
Discounted Cash Flow [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]
Valuation Technique	Discounted cash flow
Discounted Cash Flow [Member] \| Minimum [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]
Residual capitalization rates	6.46%
Discount rates	6.88%
Interest rates	2.81%
Discounted Cash Flow [Member] \| Maximum [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]
Residual capitalization rates	7.98%
Discount rates	8.44%
Interest rates	6.05%

Equity - Additional Information (Detail)								12 Months Ended
Equity - Additional Information (Detail)	Feb. 26, 2016 $ / shares	Nov. 03, 2015 $ / shares	Oct. 21, 2015 shares	Aug. 04, 2015 $ / shares	May 06, 2015 shares	Feb. 11, 2015 USD ($) Property $ / shares shares	Oct. 16, 2014 USD ($) shares	Dec. 31, 2015 USD ($) $ / shares shares	Dec. 31, 2014 USD ($) shares
Stockholders Equity Note Disclosure [Line Items]
Shares issued, value \| $									$ 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 \| $								$ 6,300,000
Number of shares vested								0
Common Stock, shares issued								24,168,379	1,000
Dividends per share \| $ / shares		$ 0.22		$ 0.21
Dividends payable, date of record		Nov. 17, 2015		Aug. 18, 2015
Operating partnership dividend rate percentage		10.00%		10.00%	10.00%			10.00%
Dividends payable, date to be paid		Dec. 03, 2015		Sep. 03, 2015				Jun. 03, 2015
Dividends payable, date declared		Nov. 03, 2015		Aug. 04, 2015
Subsequent Event [Member]
Stockholders Equity Note Disclosure [Line Items]
Dividends per share \| $ / shares	$ 0.22
Dividends payable, date of record	Mar. 10, 2016
Operating partnership dividend rate percentage	10.00%
Dividends payable, date to be paid	Mar. 25, 2016
Dividends payable, date declared	Feb. 26, 2016
Board of Directors [Member]
Stockholders Equity Note Disclosure [Line Items]
Dividends per share \| $ / shares								$ 0.11
Dividends payable, date of record								May 18, 2015
Long Term Incentive Plan [Member]
Stockholders Equity Note Disclosure [Line Items]
Issuing of LTIP units of limited partnership interest					891,000
Risk-free rate derived from treasury note								0.90%
Expected volatility assumption rate								18.30%
Expected dividend rate								5.50%
Weighted average grant date fair value \| $ / shares								$ 8.67
Restricted Shares [Member]
Stockholders Equity Note Disclosure [Line Items]
Weighted average grant date fair value \| $ / shares								$ 15.00
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
Common stock issued to non-employee directors								26,667
Compensation expense recognized \| $								$ 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						$ 15.00
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						$ 15.00
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		1,000
Shares issued, value \| $							$ 1,000
Common stock issued to non-employee directors								26,667
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 Common Share Awards (Detail)	12 Months Ended
	Dec. 31, 2015 $ / shares shares
Restricted Shares [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares/Units, Granted \| shares	26,667
Shares/Units, Outstanding ending balance \| shares	26,667
Weighted average grant date fair value, Granted \| $ / shares	$ 15.00
Weighted average grant date fair value, Outstanding ending balance \| $ / shares	$ 15.00
Long Term Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares/Units, Granted \| shares	891,000
Shares/Units, Outstanding ending balance \| shares	891,000
Weighted average grant date fair value, Granted \| $ / shares	$ 8.67
Weighted average grant date fair value, Outstanding ending balance \| $ / shares	$ 8.67

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, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share Basic And Diluted [Line Items]
Net income (loss)					$ (6,045)	$ 67,785	$ 26,067
Less: Non-controlling interest					4,351
Net income (loss) available to Easterly Government Properties, Inc.	$ 105	$ 498	$ 588	$ (2,885)	(1,694)	2,396	(4,314)
Less: Dividends on participating securities					(63)
Net income (loss) available to common stockholders					$ (1,757)
Denominator for basic EPS					21,430,016
Denominator for basic and diluted EPS					21,430,016
Basic EPS					$ (0.08)
Diluted EPS					$ (0.08)
Easterly Partners, LLC [Member]
Earnings Per Share Basic And Diluted [Line Items]
Less: Non-controlling interest						$ (65,389)	$ (30,381)

Operating Leases - Summary of Future Minimum Rental Payments (Detail) $ in Thousands	Dec. 31, 2015 USD ($)
Leases [Abstract]
Minimum lease payments, Total	$ 475,607
Minimum lease payments, 2016	61,643
Minimum lease payments, 2017	60,552
Minimum lease payments, 2018	58,026
Minimum lease payments, 2019	52,189
Minimum lease payments, 2020	46,451
Minimum lease payments, Thereafter	$ 196,746

Operating Leases - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2015 USD ($) Tenants
Leases [Abstract]
Number of consolidated properties	100.00%
Rental income attributable to base rent	$ 59.9
Number of tenants \| Tenants	19
Straight-line rent adjustments	$ 0.2
Amortization of above and below market leases	$ 4.9

Commitments and Contingencies - Additional Information (Detail) $ in Millions		1 Months Ended	12 Months Ended
	Oct. 21, 2015 USD ($)	Oct. 31, 2015 ft²	Dec. 31, 2015 USD ($) ft²	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
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 \| $			$ 0.4	$ 0.3	$ 0.2
DISTRICT OF COLUMBIA
Commitments And Contingencies [Line Items]
Area of leased property \| ft²			4,731
Operating lease agreement expire date			Mar. 31, 2016
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
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

Commitments and Contingencies - Summary of Future Minimum Rental Payments Under Company's Corporate Office Leases (Detail) $ in Thousands	Dec. 31, 2015 USD ($)
Schedule Of Future Minimum Rental Payments For Operating Leases [Line Items]
Minimum lease payments, Total	$ 475,607
Minimum lease payments, 2016	61,643
Minimum lease payments, 2017	60,552
Minimum lease payments, 2018	58,026
Minimum lease payments, 2019	52,189
Minimum lease payments, 2020	46,451
Minimum lease payments, Thereafter	196,746
Corporate Office Leases [Member]
Schedule Of Future Minimum Rental Payments For Operating Leases [Line Items]
Minimum lease payments, Total	1,605
Minimum lease payments, 2016	234
Minimum lease payments, 2017	319
Minimum lease payments, 2018	286
Minimum lease payments, 2019	298
Minimum lease payments, 2020	309
Minimum lease payments, Thereafter	$ 159

Concentrations Risk - Additional Information (Detail)	12 Months Ended
Concentrations Risk - Additional Information (Detail)	Dec. 31, 2015 Property
Wholly Owned Properties [Member]
Concentration Risk [Line Items]
Number of properties	36
California [Member]
Concentration Risk [Line Items]
Number of properties	13
Lease Income [Member] \| Credit Concentration Risk [Member] \| California [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	31.80%
Rentable Square Feet [Member] \| Credit Concentration Risk [Member] \| California [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	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	96.20%
Non Governmental Tenants [Member] \| Lease Income [Member] \| Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Percentage of concentrations risk	3.80%

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

Subsequent Events - Additional Information (Detail) - ft²	Feb. 17, 2016	Oct. 21, 2015
Subsequent Event [Line Items]
Lease term		20 years
Subsequent Event [Member]
Subsequent Event [Line Items]
Acquisition of lease property	71,100
Lease term	15 years

Summary of Unaudited Quarterly Results of Operations (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 22,174	$ 19,857	$ 19,256	$ 10,091
Net income (loss) available to Easterly Government Properties, Inc.	$ 105	$ 498	$ 588	$ (2,885)	$ (1,694)	$ 2,396	$ (4,314)
Net income (loss) available to Easterly Government Properties, Inc. per share (basic and diluted)		$ 0.02	$ 0.02	$ (0.22)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Schedule III - Real Estate and Accumulated Depreciation (Detail)
$ in Thousands

12 Months Ended

Dec. 31, 2015

USD ($)

Real Estate Properties [Line Items]

Encumbrances

$ 83,785

^[1]

Initial Cost to Company, Land

97,899

Initial Cost to Company, Buildings and Improvements

690,219

Cost Capitalized Subsequent to Acquisition

479

Cost amount carried at Close of Period, Land

97,899

Cost amount carried at Close of Period, Buildings and Improvements

690,698

Cost amount carried at Close of Period

788,597

^[2]

Accumulated Depreciation

16,590

^[3]

IRS Fresno [Member] | 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

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

1,499

Cost amount carried at Close of Period, Buildings and Improvements

68,346

Cost amount carried at Close of Period

69,845

^[2]

Accumulated Depreciation

$ 1,730

^[3]

Original Construction Date

2003

Date Acquired

Feb. 11, 2015

PTO Arlington [Member] | 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

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

14,350

Cost amount carried at Close of Period, Buildings and Improvements

44,506

Cost amount carried at Close of Period

58,856

^[2]

Accumulated Depreciation

$ 1,641

^[3]

Original Construction Date

2009

Date Acquired

Feb. 11, 2015

FBI San Antonio [Member] | 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

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

3,745

Cost amount carried at Close of Period, Buildings and Improvements

49,159

Cost amount carried at Close of Period

52,904

^[2]

Accumulated Depreciation

$ 1,336

^[3]

Original Construction Date

2007

Date Acquired

Feb. 11, 2015

FBI Omaha [Member] | 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

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

4,635

Cost amount carried at Close of Period, Buildings and Improvements

41,404

Cost amount carried at Close of Period

46,039

^[2]

Accumulated Depreciation

$ 1,221

^[3]

Original Construction Date

2009

Date Acquired

Feb. 11, 2015

ICE Charleston [Member] | North Charleston [Member] | SC [Member] | Office [Member]

Real Estate Properties [Line Items]

Encumbrances

$ 22,396

^[1]

Initial Cost to Company, Land

963

Initial Cost to Company, Buildings and Improvements

34,987

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

963

Cost amount carried at Close of Period, Buildings and Improvements

34,992

Cost amount carried at Close of Period

35,955

^[2]

Accumulated Depreciation

$ 863

^[3]

Date Acquired

Feb. 11, 2015

ICE Charleston [Member] | Minimum [Member] | North Charleston [Member] | SC [Member] | Office [Member]

Real Estate Properties [Line Items]

Original Construction Date

1994

ICE Charleston [Member] | Maximum [Member] | North Charleston [Member] | SC [Member] | Office [Member]

Real Estate Properties [Line Items]

Original Construction Date

2012

DOT Lakewood [Member] | 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

Cost amount carried at Close of Period, Land

1,521

Cost amount carried at Close of Period, Buildings and Improvements

32,865

Cost amount carried at Close of Period

34,386

^[2]

Accumulated Depreciation

$ 919

^[3]

Original Construction Date

2004

Date Acquired

Feb. 11, 2015

USCIS Lincoln [Member] | 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

Cost amount carried at Close of Period, Land

2,310

Cost amount carried at Close of Period, Buildings and Improvements

26,328

Cost amount carried at Close of Period

28,638

^[2]

Accumulated Depreciation

$ 126

^[3]

Original Construction Date

2005

Date Acquired

Nov. 12, 2015

AOC El Centro [Member] | 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

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

1,084

Cost amount carried at Close of Period, Buildings and Improvements

20,770

Cost amount carried at Close of Period

21,854

^[2]

Accumulated Depreciation

$ 569

^[3]

Original Construction Date

2004

Date Acquired

Feb. 11, 2015

DEA Pleasanton [Member] | Pleasanton [Member] | California [Member] | Laboratory [Member]

Real Estate Properties [Line Items]

Encumbrances

$ 15,700

^[1]

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

26,624

^[2]

Accumulated Depreciation

$ 103

^[3]

Original Construction Date

2015

Date Acquired

Oct. 21, 2015

USFS Two Albuquerque [Member] | Albuquerque [Member] | NM [Member] | Office [Member]

Real Estate Properties [Line Items]

Encumbrances

$ 18,150

^[1]

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

30,956

^[2]

Accumulated Depreciation

$ 876

^[3]

Original Construction Date

2011

Date Acquired

Feb. 11, 2015

DEA Vista [Member] | 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

Cost amount carried at Close of Period, Land

3,998

Cost amount carried at Close of Period, Buildings and Improvements

24,053

Cost amount carried at Close of Period

28,051

^[2]

Accumulated Depreciation

$ 534

^[3]

Original Construction Date

2002

Date Acquired

Feb. 11, 2015

FBI Richmond [Member] | 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

Cost amount carried at Close of Period, Land

3,041

Cost amount carried at Close of Period, Buildings and Improvements

23,931

Cost amount carried at Close of Period

26,972

^[2]

Accumulated Depreciation

$ 51

^[3]

Original Construction Date

2001

Date Acquired

Dec. 07, 2015

AOC Del Rio [Member] | 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

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

210

Cost amount carried at Close of Period, Buildings and Improvements

30,709

Cost amount carried at Close of Period

30,919

^[2]

Accumulated Depreciation

$ 791

^[3]

Date Acquired

Feb. 11, 2015

AOC Del Rio [Member] | Minimum [Member] | Del Rio [Member] | TX [Member] | Courthouse/Office [Member]

Real Estate Properties [Line Items]

Original Construction Date

1992

AOC Del Rio [Member] | Maximum [Member] | Del Rio [Member] | TX [Member] | Courthouse/Office [Member]

Real Estate Properties [Line Items]

Original Construction Date

2004

USFS One Albuquerque [Member] | Albuquerque [Member] | NM [Member] | Office [Member]

Real Estate Properties [Line Items]

Initial Cost to Company, Land

$ 2,905

Initial Cost to Company, Buildings and Improvements

23,804

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

2,905

Cost amount carried at Close of Period, Buildings and Improvements

23,822

Cost amount carried at Close of Period

26,727

^[2]

Accumulated Depreciation

$ 630

^[3]

Original Construction Date

2006

Date Acquired

Feb. 11, 2015

DEA Dallas Lab [Member] | 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

Cost amount carried at Close of Period, Land

2,753

Cost amount carried at Close of Period, Buildings and Improvements

23,848

Cost amount carried at Close of Period

26,601

^[2]

Accumulated Depreciation

$ 51

^[3]

Original Construction Date

2001

Date Acquired

Dec. 01, 2015

MEPCOM Jacksonville [Member] | Jacksonville [Member] | FL [Member] | Office [Member]

Real Estate Properties [Line Items]

Encumbrances

$ 12,812

^[1]

Initial Cost to Company, Land

2,532

Initial Cost to Company, Buildings and Improvements

16,621

Cost Capitalized Subsequent to Acquisition

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

19,159

^[2]

Accumulated Depreciation

$ 503

^[3]

Original Construction Date

2010

Date Acquired

Feb. 11, 2015

FBI Little Rock [Member] | 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

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

2,278

Cost amount carried at Close of Period, Buildings and Improvements

19,338

Cost amount carried at Close of Period

21,616

^[2]

Accumulated Depreciation

$ 532

^[3]

Original Construction Date

2001

Date Acquired

Feb. 11, 2015

CBP Savannah [Member] | Savannah [Member] | GA [Member] | Laboratory [Member]

Real Estate Properties [Line Items]

Encumbrances

$ 14,727

^[1]

Initial Cost to Company, Land

3,220

Initial Cost to Company, Buildings and Improvements

10,687

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

3,220

Cost amount carried at Close of Period, Buildings and Improvements

10,700

Cost amount carried at Close of Period

13,920

^[2]

Accumulated Depreciation

$ 270

^[3]

Original Construction Date

2013

Date Acquired

Feb. 11, 2015

DEA Santa Ana [Member] | 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

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

6,413

Cost amount carried at Close of Period, Buildings and Improvements

8,640

Cost amount carried at Close of Period

15,053

^[2]

Accumulated Depreciation

$ 340

^[3]

Original Construction Date

2004

Date Acquired

Feb. 11, 2015

DOE Lakewood [Member] | Lakewood [Member] | CO [Member] | Office [Member]

Real Estate Properties [Line Items]

Initial Cost to Company, Land

$ 1,377

Initial Cost to Company, Buildings and Improvements

18,204

Cost Capitalized Subsequent to Acquisition

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

19,617

^[2]

Accumulated Depreciation

$ 343

^[3]

Original Construction Date

1999

Date Acquired

Apr. 01, 2015

ICE Otay [Member] | San Diego [Member] | California [Member] | Office [Member]

Real Estate Properties [Line Items]

Initial Cost to Company, Land

$ 2,252

Initial Cost to Company, Buildings and Improvements

12,280

Cost amount carried at Close of Period, Land

2,252

Cost amount carried at Close of Period, Buildings and Improvements

12,280

Cost amount carried at Close of Period

14,532

^[2]

Accumulated Depreciation

$ 125

^[3]

Original Construction Date

2001

Date Acquired

Sep. 11, 2015

DEA Dallas [Member] | 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

Cost Capitalized Subsequent to Acquisition

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

15,577

^[2]

Accumulated Depreciation

$ 419

^[3]

Original Construction Date

2001

Date Acquired

Feb. 11, 2015

CBP Chula Vista [Member] | 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

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

6,332

Cost amount carried at Close of Period, Buildings and Improvements

7,497

Cost amount carried at Close of Period

13,829

^[2]

Accumulated Depreciation

$ 166

^[3]

Original Construction Date

1998

Date Acquired

Feb. 11, 2015

DEA North Highlands [Member] | 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

Cost amount carried at Close of Period, Land

1,434

Cost amount carried at Close of Period, Buildings and Improvements

9,369

Cost amount carried at Close of Period

10,803

^[2]

Accumulated Depreciation

$ 295

^[3]

Original Construction Date

2002

Date Acquired

Feb. 11, 2015

USCG Martinsburg [Member] | 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

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

1,700

Cost amount carried at Close of Period, Buildings and Improvements

13,320

Cost amount carried at Close of Period

15,020

^[2]

Accumulated Depreciation

$ 395

^[3]

Original Construction Date

2007

Date Acquired

Feb. 11, 2015

CBP Sunburst [Member] | 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

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

2,192

Cost amount carried at Close of Period, Buildings and Improvements

9,455

Cost amount carried at Close of Period

11,647

^[2]

Accumulated Depreciation

$ 241

^[3]

Original Construction Date

2008

Date Acquired

Feb. 11, 2015

AOC Aberdeen [Member] | 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

Cost amount carried at Close of Period, Land

1,147

Cost amount carried at Close of Period, Buildings and Improvements

14,044

Cost amount carried at Close of Period

15,191

^[2]

Accumulated Depreciation

$ 196

^[3]

Original Construction Date

2005

Date Acquired

Jun. 17, 2015

DEA Albany [Member] | 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

Cost amount carried at Close of Period, Land

1,801

Cost amount carried at Close of Period, Buildings and Improvements

11,544

Cost amount carried at Close of Period

13,345

^[2]

Accumulated Depreciation

$ 256

^[3]

Original Construction Date

2004

Date Acquired

Feb. 11, 2015

DEA Riverside [Member] | 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

Cost Capitalized Subsequent to Acquisition

Cost amount carried at Close of Period, Land

1,983

Cost amount carried at Close of Period, Buildings and Improvements

6,770

Cost amount carried at Close of Period

8,753

^[2]

Accumulated Depreciation

$ 261

^[3]

Original Construction Date

1997

Date Acquired

Feb. 11, 2015

DEA Otay [Member] | 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

Cost Capitalized Subsequent to Acquisition

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

8,768

^[2]

Accumulated Depreciation

$ 252

^[3]

Original Construction Date

1997

Date Acquired

Feb. 11, 2015

SSA Mission Viejo [Member] | 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

Cost amount carried at Close of Period, Land

1,454

Cost amount carried at Close of Period, Buildings and Improvements

1,690

Cost amount carried at Close of Period

3,144

^[2]

Accumulated Depreciation

$ 91

^[3]

Original Construction Date

2005

Date Acquired

Feb. 11, 2015

SSA San Diego [Member] | San Diego [Member] | California [Member] | Office [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

3,254

^[2]

Accumulated Depreciation

$ 82

^[3]

Original Construction Date

2003

Date Acquired

Feb. 11, 2015

DEA San Diego [Member] | 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

3,570

^[2]

Accumulated Depreciation

$ 50

^[3]

Original Construction Date

1999

Date Acquired

Feb. 11, 2015

2650 SW 145th Avenue - Parbel of Florida [Member] | 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

11,594

^[2]

Accumulated Depreciation

$ 245

^[3]

Original Construction Date

2007

Date Acquired

Feb. 11, 2015

5998 Osceola Court - United Technologies [Member] | 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

3,365

^[2]

Accumulated Depreciation

$ 57

^[3]

Original Construction Date

2014

Date Acquired

Feb. 11, 2015

501 East Hunter Street - Lummus Corporation [Member] | 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

1,513

^[2]

Accumulated Depreciation

$ 30

^[3]

Original Construction Date

2013

Date Acquired

Feb. 11, 2015

[1]	Includes the unamortized balance of the fair value adjustments.
[2]	(1) Excludes value of real estate intangibles. Aggregate cost for federal income tax purposes is approximately $647,265
[3]	(1) 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 and Accumulated Depreciation - Carrying Amount of Real Estate Properties and Accumulated Depreciation (Detail)
$ in Thousands

12 Months Ended

Dec. 31, 2015

USD ($)

Real Estate Properties

Additions

$ 788,597

Balance at ending of year

788,597

^[1]

Accumulated Depreciation

Additions

16,590

Balance at ending of year

$ 16,590

^[2]

[1]	(1) Excludes value of real estate intangibles. Aggregate cost for federal income tax purposes is approximately $647,265
[2]	(1) 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.