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) May 18, 2004
-------------------------------
GOVERNMENT PROPERTIES TRUST, INC.
--------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Maryland 1-31962 20-0611663
------------------------------ ------------- -------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) 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
-----------------------------
None
--------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
ITEM 2. ACQUISITION OF ASSETS
On May 4, 2004, Government Properties Trust, Inc. (GPT) completed its
previously announced acquisition of the United States Federal Bureau of
Investigation (FBI) Building in Pittsburgh, PA for approximately $27.8 million.
The purchase price was determined through arms-length negotiation between GPT
and the seller. GPT funded the purchase price with cash on hand.
The Pittsburgh property, completed in 2001, is fully leased by the
federal government under a modified gross lease. The property is occupied by the
FBI and totals over 87,000 leasable square feet of office space. With the
integrated parking facility included in the total, the property consists of
approximately 161,000 gross square feet. The current lease expires in October
2016.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of business acquired.
To be filed by amendment as soon as practicable, but not later than
July 19, 2004.
(b) Pro forma financial information
To be filed by amendment as soon as practicable, but not later than
July 19, 2004.
(c) Exhibits
2.1 Purchase and Sale Agreement by and between Oxford Development
Company/Southside I, L.P. and Gen-Net Lease Income Trust,
Inc., dated as of January 19, 2004.
2.2 Letter dated February 23, 2004 regarding Purchase and Sale
Agreement by and between Oxford Development Company/Southside
I, L.P. and Gen-net Income Trust, Inc.
2.3 Second Amendment to Purchase and Sale Agreement by and between
Oxford Development Company/Southside I, L.P. and Government
Properties Trust, Inc. formerly Gen-net Lease Income Trust,
Inc., dated March 17, 2004.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GOVERNMENT PROPERTIES TRUST, INC.
Date: May 18, 2004 By: /s/ Nancy D. Olson
-------------------------------------
Nancy D. Olson
Chief Financial Officer and Treasurer
EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION
2.1 Purchase and Sale Agreement by and between Oxford Development
Company/Southside I, L.P. and Gen-Net Lease Income Trust,
Inc., dated as of January 19, 2004.
2.2 Letter dated February 23, 2004 regarding Purchase and Sale
Agreement by and between Oxford Development Company/Southside
I, L.P. and Gen-net Income Trust, Inc.
2.3 Second Amendment to Purchase and Sale Agreement by and between
Oxford Development Company/Southside I, L.P. and Government
Properties Trust, Inc. formerly Gen-net Lease Income Trust,
Inc., dated March 17, 2004.