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Darrell Crate

Chief Executive Officer & Director, EASTERLY GOVERNMENT PPTYS

Search every verified Darrell Crate interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Darrell Crate, CEO of Easterly Government Properties, appeared on the CBRE podcast "The Weekly Take" on September 28, 2026, to discuss the federal government's real estate portfolio. He noted that the government occupies over 2 billion square feet of space, which he described as more than 6,000 football fields, and that a little over half of this is leased property. Crate attributed the government's shift from owning to leasing assets to its adoption of private-sector practices, such as the "asset light" model, which he said corporations began using over two decades ago. He suggested that government agencies prefer leasing because it allows them to allocate funds toward programmatic priorities rather than building maintenance. Crate also discussed the investment appeal of government leases, stating that they offer long-term stability and strong tenant credit. He said that a government tenant in a mission-critical facility is likely to remain for about 40 years, and that, compared to typical office leasing, there is less competition for tenant improvements and amenities. He highlighted Easterly's leases with agencies including the FBI, DEA, IRS, EPA, and VA.

Recent appearances

  • Count on Me: Decoding the Federal Government’s Real Estate Portfolio

    Easterly Government Properties’ Darrell Crate and CBRE’s Marcy Owens Test explain the unique complexities and opportunities when leasing space to the U.S. government. They explore government agencies’ specialized build-out requirements, the market impacts of the federal government’s shift from ownership to strategic leasing, and other topics of interest to commercial real estate investors. •       The federal government occupies more than 2 billion sq. ft. of real estate. •       For investors, government leases can offer long-term stability and strong tenant credit. •       The shift from go…

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  • Property Play: Easterly's real estate play courtesy of DOGE cuts

    CNBC's Diana Olick sits down with Darrell Crate, CEO of Easterly Government Properties. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow…

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  • Government Leased Real Estate: Occupancy, DOGE Impact, & GSA Leases with Darrell Crate

    Explore government leased real estate as a stable office market investing hedge. Build secure yield with GSA leases, 99% occupancy, and DOGE market insights. While the traditional office sector faces ongoing scrutiny, government-leased office properties operate in a completely decoupled realm of stability. In this mid-year outlook episode, host Michael Bull sits down with Darrell Crate, CEO, President, and Director of Easterly Government Properties, to dissect the unique mechanics of the federal and state leasing markets. Darrell pulls back the curtain on Easterly's 10-million-square-foot por…

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  • Easterly Government Properties Sees Long-Term Growth as Federal Leasing Expands

    Darrell Crate, president and CEO of Easterly Government Properties (NYSE: DEA), sat down for a video interview at Nareit’s REITweek: 2026 Investor Conference in New York, June 1-4. Easterly Government Properties is benefiting from steady earnings growth while positioning itself for long-term expansion as the federal government increasingly turns to leased facilities, according to Crate. Read more: https://www.reit.com/news/video/easte...

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  • Darrell Crate | Easterly Government Properties

    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 i…

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  • Easterly CEO Darrell Crate Q4 Earnings Show ‘Continued Ability to Execute’

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  • Easterly Government Properties Sees Development as Primary Growth Engine for 2026

    Darrell Crate, president and CEO of Easterly Government Properties, Inc. (NYSE: DEA), sat down for a video interview during Nareit’s REITworld: 2025 Annual Conference in Dallas, Dec. 8–11. Crate discussed how Easterly’s acquisition strategy centers on mission-criticality rather than asset size, balancing large, highly specialized facilities with smaller, essential properties that support daily government operations. Read more: https://www.reit.com/news/video/easte...

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  • Investing In Government Properties - A Discussion With Easterly Government Properties (DEA)

    Easterly Government Properties specializes in acquiring, developing and managing Class A commercial real estate properties that are leased to U.S. government agencies (typically through the General Services Administration). As of December 31 2024, the company owned approximately 100 operating properties in the U.S., encompassing about 9.7 million leased square feet. Many of the properties are mission-critical facilities that serve agencies such as the Federal Bureau of Investigation, Drug Enforcement Administration, U.S. Citizenship and Immigration Services and the Department of Veterans Affai…

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  • Darrell Crate, CEO and President of Easterly Government Properties Joins Live on NYSE TV

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  • Easterly Sees Opportunity as Government Prioritizes Real Estate Efficiency

    Darrell Crate, president & CEO of Easterly Government Properties, Inc. (NYSE: DEA), sat down for a video interview during Nareit’s REITweek: 2025 Investor Conference in New York City on June 2-5. Crate emphasized that 2025 was shaping up to be a pivotal year for the company due to shifting federal priorities around real estate efficiency. He highlighted how the Department of Justice’s push for cost-effectiveness was aligning with Easterly’s strengths. “What’s super exciting is that the government’s now thinking for the first time economically about its buildings,” Crate said. Read more: http…

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  • Episode 491: Easterly CEO Says Government Restructuring Efforts a Tailwind for Growth

    Darrell Crate, co-founder and CEO of Easterly Government Properties, Inc . (NYSE: DEA), joined Nareit’s REIT Report podcast to share his insight into how the REIT is addressing the commercial real estate needs of mission-critical U.S. government agencies. Crate noted that Easterly has been focused on efficiency since before the Trump administration created the Department of Government Efficiency (DOGE). “DOGE is a tailwind. We could not be more excited that the government's going to have the opportunity, through better processes, to take some of our ideas and move them forward,” he said.

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  • Easterly Government Properties CEO on its approach to leasing mission-critical government properties

    Darrell Crate, President & CEO of Easterly Government Properties, joined Judy Shaw on #NYSEFloorTalk to discuss the company’s decade of growth, its unique approach to leasing mission-critical government properties, and how its strategy is evolving to include private sector tenants.

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The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →