Our conservative investment strategy aims to provide high quality space for tenants and a secure and stable income stream for investors. At GOV, we are focused on maintaining:
As a result of our strategic focus on government agencies, nearly 90 percent of our rental revenue is generated from investment grade tenants. In addition, government tenants tend to remain in place significantly longer than those in the private sector, with U.S. Government tenants historically occupying the same space for more than 20 years.
We seek deep insight into our tenants' intentions, desires and requirements as they relate to the property and incorporate this knowledge into our acquisition and leasing methodology. Due in large part to our core strategy, solid retention rate and successful leasing activities, occupancy across our portfolio has consistently remained above 90 percent since the company’s founding in 2009.
Sustainable Business Practices
We work closely with the U.S. General Services Administration (GSA), which oversees the vast majority of the federal government's leases (representing nearly 50 percent of our existing leases) as well as our other government tenants to meet and exceed increasingly stringent government mandates. These include LEED designations, EnergyStar certifications, utilization rates, security measures as well as recycling, fuel efficiency and emissions standards for leased properties. Our investments to obtain "green" certifications and to manage our properties in a sustainable manner benefit our business while also bettering the environment.
Disciplined Asset Management
Since its founding in 2009, we have acquired more than $1 billion worth of properties. In recent years, as competition for property acquisitions has intensified and pricing has become more aggressive, we have significantly slowed our pace of purchases while also beginning to dispose of select assets. This disciplined approach to capital allocation has helped GOV maintain the quality of its real estate.