First Potomac Realty Trust

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Description

First Potomac Realty Trust acquires industrial and flex properties in the southern Mid-Atlantic (Maryland and Virginia) with a focus on the Washington, DC metropolitan area, and creates value in those assets through aggressive leasing and repositioning programs.The force behind First Potomac’s ability to enhance value is a senior management team with extensive and varied experience in the commercial real estate industry. We combine our management experience with relationships with local property owners, investment sales brokers, tenants and leasing agents, to identify acquisition opportunities and then recognize and capture unrealized value.All of First Potomac’s properties are located in strong markets that have significant rent-growth potential due to consistent occupancy rates and employment growth, limited new construction activity and expiring leases with rental rates below those required to make new construction economically feasible.

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