NEWTON, Mass.--(BUSINESS WIRE)--Government Properties Income Trust (Nasdaq: GOV) today announced that it has priced an underwritten public offering of $300 million of 4.000% senior unsecured notes due July 15, 2022. GOV expects to use the net proceeds from this offering to finance, in part, its previously announced acquisition of First Potomac Realty Trust, or FPO. Pending the consummation of the FPO acquisition and the use of proceeds described in the prior sentence GOV may repay future amounts outstanding under its revolving credit facility or invest the net proceeds from this offering in short term investments consistent with GOV’s intention to maintain its qualification for taxation as a real estate investment trust, or REIT. The closing of this offering is expected to occur on July 20, 2017, subject to customary closing conditions.

The joint book-running managers for the offering were Citigroup, BofA Merrill Lynch, Morgan Stanley, UBS Investment Bank, BBVA, Mizuho Securities, PNC Capital Markets LLC, RBC Capital Markets and Regions Securities LLC. The joint lead managers for the offering were BB&T Capital Markets, Fifth Third Securities, FTN Financial Securities Corp, Ramirez & Co., Inc., SMBC Nikko and US Bancorp.

Government Properties Income Trust is a real estate investment trust, or REIT, which owns properties leased primarily to the U.S. Government and state governments located throughout the United States. GOV is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.