SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
| |
|
|
Date of Report (Date of earliest event reported)
|
|
August 1, 2005 |
|
|
|
GOVERNMENT PROPERTIES TRUST, INC.
(Exact name of registrant as specified in its charter)
| |
|
|
|
|
| Maryland
|
|
1-31962
|
|
20-0611663 |
| |
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.) |
| |
|
|
| 10250 Regency Circle, Suite 100, Omaha, Nebraska
|
|
68114 |
| |
| (Address of principal executive offices)
|
|
(Zip Code) |
| |
|
|
Registrant’s telephone number, including area code
|
|
(402) 391-0010 |
|
|
|
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
| |
|
|
o
|
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
|
o
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
|
o
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b)) |
|
|
|
o
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c)) |
TABLE OF CONTENTS
Item 2.01. Acquisition of Assets
On July 27, 2005, Government Properties Trust, Inc. (GPT) completed its previously announced
acquisition of the Internal Revenue Service (IRS) Annex at 145 Murall Drive, Martinsburg, West
Virginia (the Martinsburg property) for approximately $30.1 million. The purchase price was
determined through arms-length negotiations between GPT and the partners of Martinsburg IRS
Facility Limited Partnership, unrelated parties with an address at 6550 Rock Spring Drive,
Bethesda, Maryland. GPT funded the purchase price with cash on hand and a mortgage loan from a
financial institution in the amount of $19.6 million. The unpaid principal balance of the note
bears interest at a rate of 5.24% per annum. Accrued interest only payments are due monthly
through August 2006. Beginning in September 2006 and through July 2015, monthly payments are
amortized on a 30-year schedule, with a balloon payment due in August 2015.
The Martinsburg property, completed in 1996, totals approximately 122,475 rentable square feet
situated on approximately 25 acres. The Martinsburg property is 100% leased by the federal
government under a modified net lease and is occupied by the IRS. The current lease with the
federal government expires in July 2015.
Item 9.01. Financial Statements and Exhibits
(a) Financial statements of business acquired.
To be filed by amendment as soon as practicable, but not later than October 13, 2005.
(b) Pro forma financial information
To be filed by amendment as soon as practicable, but not later than October 13, 2005.
(c) Exhibits
None