Easterly Government Properties Appoints Allison Marino as Chief Accounting Officer

Rhea-AI Summary

Easterly Government Properties, Inc. (NYSE: DEA) announced the appointment of Allison Marino as Senior Vice President and Chief Accounting Officer, effective August 9, 2021. Allison brings over ten years of experience in commercial real estate, previously serving as Vice President and Corporate Controller at Carr Properties. Her expertise in accounting will support Easterly's growth trajectory. The company focuses on acquiring, developing, and managing Class A commercial properties leased to U.S. Government agencies.

Positive

• Appointment of experienced Allison Marino expected to strengthen the accounting team.
• Marino's background in commercial real estate may provide valuable insights for the company's growth.

Negative

• No significant negative factors reported.

Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust (“REIT”) focused primarily on the acquisition, development and management of Class A commercial properties leased to U.S. Government agencies, today announced that Allison Marino has been appointed Senior Vice President and Chief Accounting Officer of the Company, effective August 9, 2021.

“Allison’s appointment as Senior Vice President and Chief Accounting Officer comes at an exciting time in Easterly’s growth trajectory,” commented Meghan G. Baivier, Easterly’s Chief Financial and Operating Officer. “Allison’s breadth of experience will be instrumental in guiding our accounting team through this growth and progression.”

Prior to joining Easterly, Ms. Marino served as Vice President and Corporate Controller at Carr Properties, a private real estate investment trust focused on the ownership, acquisition and development of office properties. Ms. Marino joined Carr Properties in May 2015 where she was responsible for managing the company’s Accounting and Revenue Recognition departments, including issuance of financial statements in Generally Accepted Accounting Principles and International Financial Reporting Standards. Ms. Marino has over 10 years of experience in the commercial real estate and hospitality industries.

Prior to joining Carr Properties, Ms. Marino served in Marriott International’s Financial Reporting and Analysis group. She began her career at Ernst & Young, LLP in their Real Estate practice.

Ms. Marino received her Bachelor of Science in Business Administration from the University of Pittsburgh, her Master’s in Business Administration from the University of North Carolina and is an active Certified Public Accountant.

About Easterly Government Properties, Inc.

Based in Washington, D.C., Easterly Government Properties, Inc. (NYSE:DEA) focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly Government Properties’ experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased through the U.S. General Services Administration (GSA). For further information on the company and its properties, please visit www.easterlyreit.com.

This press release contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as “will,” “believe,” “expect,” “intend,” “project,” “anticipate,” “position,” and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks include, but are not limited, those risks and uncertainties associated with the Company’s business described from time to time in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K filed on February 24, 2021. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, the Company can give no assurance that the expectations will be attained or that any deviation will not be material. All information in this release is as of the date of this release, and the Company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in its expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210811005099/en/

FAQ

Who is the newly appointed Chief Accounting Officer at Easterly Government Properties?

Allison Marino has been appointed as the Senior Vice President and Chief Accounting Officer.

When did Allison Marino's appointment become effective?

Allison Marino's appointment became effective on August 9, 2021.

What experience does Allison Marino bring to Easterly Government Properties?

Allison Marino has over ten years of experience in commercial real estate and previously served as Vice President and Corporate Controller at Carr Properties.

What is Easterly Government Properties' main focus?

Easterly focuses primarily on the acquisition, development, and management of Class A commercial properties leased to U.S. Government agencies.

How might Allison Marino's appointment impact the company?

Her extensive accounting experience is expected to support Easterly's growth and the management of its accounting team.