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) November 5, 2004
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GOVERNMENT PROPERTIES TRUST, INC.
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(Exact name of registrant as specified in its charter)
Maryland 1-31962 20-0611663
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
10250 Regency Circle, Suite 100, Omaha, Nebraska 68114
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (402) 391-0010
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None
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(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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
ITEM 2.01. ACQUISITION OF ASSETS
On November 1, 2004, Government Properties Trust, Inc. (GPT) completed
its previously announced acquisition of the Bureau of Public Debt building at
4th and Avery Streets, Parkersburg, West Virginia for approximately $19.9
million. The purchase price was determined through arms-length negotiations
between GPT and BPD Parkersburg, LLC, an unrelated party with an address at 1101
Connecticut Avenue, N.W., Washington, D.C. GPT funded the purchase price with
cash on hand.
The Parkersburg Bureau of Public Debt property, completed in September
2004, is fully leased by the federal government under a modified gross lease.
The property is occupied by the Bureau of Public Debt and totals approximately
81,000 rentable square feet. The current lease with the federal government
expires in August 2019.
At the time of the acquisition, the federal government also exercised
an option to expand the Bureau of Public Debt building by an additional 102,000
rentable square feet, bringing the total building to 183,000 rentable square
feet. The purchase price of the additional expansion will be approximately $22.5
million and will be paid over the term of the expansion scheduled for completion
during the first half of 2006. Upon acceptance of the expansion by the federal
government, the lease term for the entire building will be extended to 15 years
beyond the acceptance date of the expansion.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of business acquired.
The Parkersburg Bureau of Public Debt property began operations in
September 2004 and therefore financial statements required pursuant to Rule 3-14
of Regulation S-X are not applicable.
(b) Pro forma financial information
The Parkersburg Bureau of Public Debt property began operations in
September 2004 and therefore pro forma financial information pursuant to Article
11 of Regulation S-X is not applicable.
(c) Exhibits
None
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: November 5, 2004 By: /s/ Nancy D. Olson
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Nancy D. Olson
Chief Financial Officer and
Treasurer