BETHESDA, Md., Sept. 23,
2014 /PRNewswire/ -- First Potomac Realty Trust (NYSE: FPO), a
leading owner and operator of office and business park properties
in the greater Washington, D.C.
region, will host an Analyst and Investor Day on Tuesday, September 30, 2014 in Washington, D.C. A senior management
presentation will take place from 9:00 AM
until 11:30 AM Eastern Time, followed by property tours of
the Company's downtown Washington
D.C. office portfolio.
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A live audio webcast of the senior management presentation will
be available on the Investors section of the Company's website at
www.first-potomac.com for two weeks following the Analyst and
Investor Day.
First Potomac will also jointly
host a cocktail and dinner reception at 6:00
PM Eastern Time on September
29th in downtown Washington, D.C. with Corporate Office
Properties Trust, whose Analyst and Investor Day will take place
near its corporate headquarters in Columbia, Maryland on September 29th.
About First Potomac Realty Trust
First Potomac Realty Trust is a self-administered, self-managed
real estate investment trust that focuses on owning, operating,
developing and redeveloping office and business park properties in
the greater Washington, D.C.
region. As of June 30, 2014,
our consolidated portfolio totaled 8.7 million square feet.
Based on annualized cash basis rent, our portfolio consists
of 57% office properties and 43% business park and industrial
properties. A key element of First Potomac's overarching strategy
is its dedication to sustainability. Over one million square feet
of First Potomac property is LEED Certified, with the potential for
another 700,000 square feet in future development projects.
Approximately half of the portfolio's multi-story office
square footage is LEED or Energy Star Certified. FPO common
shares (NYSE: FPO) and preferred shares (NYSE: FPO-PA) are publicly
traded on the New York Stock Exchange.
Forward Looking Statements
This press release may contain forward-looking statements, which
are subject to various risks and uncertainties. Although we believe
the expectations reflected in such forward-looking statements are
based on reasonable assumptions, there can be no assurance that our
expectations will be achieved. Certain factors that could cause
actual results to differ materially from our expectations include
changes in general or regional economic conditions; our ability to
timely lease or re-lease space at current or anticipated rents;
changes in interest rates; changes in operating costs; our ability
to complete acquisitions on acceptable terms; our ability to manage
our current debt levels and repay or refinance its indebtedness
upon maturity or other required payment dates; our ability to
maintain financial covenant compliance under our debt agreements;
our ability to maintain effective internal controls over financial
reporting and disclosure controls and procedures; any impact of the
informal inquiry initiated by the U.S. Securities and Exchange
Commission (the "SEC"); our ability to obtain debt and/or financing
on attractive terms, or at all; changes in the assumptions
underlying our earnings and Core FFO guidance; and other risks
detailed in our Annual Report on Form 10-K and described from time
to time in our filings with the SEC. Many of these factors are
beyond our ability to control or predict. Forward-looking
statements are not guarantees of performance. For forward-looking
statements herein, we claim the protection of the safe harbor for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. We assume no obligation to update or
supplement forward-looking statements that become untrue because of
subsequent events.
CONTACT:
|
Jaime N.
Marcus
|
Director, Investor
Relations
|
(301)
986-9200
|
jmarcus@first-potomac.com
|
SOURCE First Potomac Realty Trust