First Potomac Realty Trust Reports Minimal Property Damage from Hurricane Sandy
BETHESDA, Md.--(BUSINESS WIRE)-- First Potomac Realty Trust (NYS: 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 (NYS: FPO) and preferred shares (NYS: FPO.PA) are publicly traded on the New York Stock Exchange. For more information, please visit www.first-potomac.com.
First Potomac Realty Trust
Vikki Kayne, 301-986-9200
KEYWORDS: United States North America District of Columbia Maryland
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