First Potomac Realty Trust Reports Minimal Property Damage from Hurricane
BETHESDA, Md. -- October 30, 2012
First Potomac Realty Trust (NYSE:FPO), a leading owner of office and
industrial properties in the greater Washington, D.C. and Norfolk regions,
today announced that it experienced only minimal damage at properties
throughout its portfolio from Hurricane Sandy.
"We have inspected all of our properties and have incurred no major damage
from this unprecedented storm," said Doug Donatelli, Chairman and Chief
Executive Officer for First Potomac Realty Trust. "The majority of our
properties are in full operation today, thanks to our property crews who
worked hard to both prepare, and resolve, any issues caused by the storm."
Only a few buildings remain without power at this time.
About First Potomac Realty Trust
First Potomac Realty Trust is a self-administered, self-managed real estate
investment trust that focuses on owning, operating, developing and
redeveloping office and industrial properties in the greater Washington, D.C.
region. As of September 30, 2012, the Company's consolidated portfolio totaled
approximately 14 million square feet. Based on annualized cash basis rent, the
Company’s portfolio consists of 43% office properties, 36% business parks and
21% industrial properties. A key element of First Potomac's overarching
strategy is its dedication to sustainability. Nearly 1 million square feet of
First Potomac property is LEED Certified, with another 1 million square feet
currently in development. Approximately half of the portfolio's total square
footage of multi-story office property is either LEED or Energy Star Certified
and 82% of First Potomac’s Washington, DC portfolio is Energy Star Certified.
FPO common shares (NYSE:FPO) and preferred shares (NYSE:FPO-PA) are publicly
traded on the New York Stock Exchange. For more information, please visit
First Potomac Realty Trust
Vikki Kayne, 301-986-9200
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