Commercial Real Estate Direct Staff Report

Easterly Partners, a Washington, D.C., investment manager, is in the market to raise up to $250 million of equity commitments for an investment fund designed to acquire properties nationwide that are leased to federal government agencies.

U.S. Government Properties Income & Growth Fund II is a follow-up to a similarly named Fund I, which was launched in 2010 by PRP LLC, another Washington investment manager. That vehicle had sought to raise up to $400 million of equity.

Easterly is led William C. Trimble...