In this podcast episode, Matt Slepin speaks with Darrell Crate, CEO of Easterly Government Properties, about the company’s differentiated investment strategy as a net lease REIT focused on mission-critical properties leased to U.S. government agencies. While often associated with traditional office and the DC market, Easterly’s portfolio tells a different story, with limited office exposure and a broader geographic footprint. Crate shares his perspective on the company’s positioning between underperforming office REITs and strong net lease peers, highlighting a potential pricing mismatch and investment opportunity. The conversation also touches on the role of outsourcing in government real estate, market perceptions of stability, and Easterly’s broader mission to support and improve government operations.