Government Properties Income Trust

Government Properties Income Trust was organized under Maryland law on February 17, 2009 as a wholly owned subsidiary of HRPT Properties Trust, or HRPT, which owns office and industrial properties with a historical cost of over $6 billion. The Company was organized to concentrate the ownership of certain HRP properties that are majority leased to government tenants and to expand such investments. In April 2009, it acquired 100% ownership of the properties that it owned at the time of its initial public offering, or IPO, by means of a contribution from CWH to one of the Company's subsidiaries. As of December 31, 2012, the Company owned 84 properties for a total investment of approximately $1.5 billion at cost, and a depreciated book value of $1.4 billion. These 84 properties have approximately 10.2 million rentable square feet. Its business plan is to maintain its properties, seek to renew its leases or enter into new leases as they expire, selectively acquire additional properties that are majority leased to government tenants and pay distributions to its shareholders. The Company competes against other REITs, numerous financial institutions, individuals and public and private companies who are actively engaged in this business. Also, it competes for investments based on a number of factors including purchase prices, closing terms, underwriting criteria and its reputation. Under various laws, owners as well as tenants and operators of real estate may be required to investigate and clean up or remove hazardous substances present at or migrating from properties they own, lease or operate and might be held liable for property damage or personal injuries that result from hazardous substances.