Government Properties Income Trust (NASDAQ: GOV) announced the pricing of its public offering of 25,000,000 shares of common stock at an offering price of $18.50 per share. The Company also granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares to cover any overallotments, which was partially exercised for total gross proceeds of $516.3 million. The Company intends to use the net proceeds to fund, in part, the acquisition of First Potomac Realty Trust.

Janney Montgomery Scott LLC served as a joint lead manager on this offering.

Government Properties Income Trust is a real estate investment trust, or REIT, which owns properties leased primarily to the US 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.