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First Potomac Realty Trust history
First Potomac Realty Trust company history timeline
The company was founded in 1997 by Douglas J. Donatelli and Nicholas R. Smith.
In October 2003, the company became a public company via an initial public offering, raising $112.5 million.
In 2010, the company acquired 440 First St NW for $15.3 million and 1211 Connecticut Ave for $49.5 million.
In June 2013, the company sold the majority of its industrial portfolio to an affiliate of The Blackstone Group for $241.5 million.
In March 2015, the company sold its properties in Richmond, Virginia for $60 million.
In November 2015, Robert Milkovich was appointed chief executive officer of the company and founders Douglas J. Donatelli and Nicholas R. Smith resigned from the company.
In March 2016, the company sold 26 buildings in Northern Virginia for net proceeds of $90.5 million.
In October 2017, the company was acquired by Government Properties Income Trust.
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First Potomac Realty Trust competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Realty Income | 1969 | $2.1B | 194 | 8 |
| Green Dot | 1999 | $1.7B | 1,200 | 64 |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 176 |
| CoreSite | 2001 | $606.8M | 464 | 105 |
| Janus Henderson U.S. | 1969 | $2.5B | 1,272 | 95 |
| Apollo Global Management | 1990 | $3.6B | 1,600 | 60 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,096 |
| Equity Residential | 1969 | $3.0B | 2,600 | 111 |
| Mastercard | 1966 | $1.8T | 25,000 | 798 |
| Homeservices Of America | - | $2.1B | 1,500 | 2 |
First Potomac Realty Trust history FAQs
Zippia gives an in-depth look into the details of First Potomac Realty Trust, including salaries, political affiliations, employee data, and more, in order to inform job seekers about First Potomac Realty Trust. The employee data is based on information from people who have self-reported their past or current employments at First Potomac Realty Trust. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by First Potomac Realty Trust. The data presented on this page does not represent the view of First Potomac Realty Trust and its employees or that of Zippia.
First Potomac Realty Trust may also be known as or be related to First Potomac Realty Trust and Gov New Oppty Reit.