Government Properties Trust Files Definitive Proxy Statement for Special Meeting of Stockholders...

OMAHA, Neb. -- Government Properties Trust, Inc. (NYSE: GPT), a self-managed, self-administered real estate investment trust, today announced that it filed its definitive proxy statement for the special meeting of stockholders to be held on April 4, 2007, at 10:00 a.m. CDT at the Company's headquarters

Stockholders of record as of the close of business on March 9, 2007 will be entitled to vote at the special meeting of stockholders. The Company will immediately commence the mailing of the notice of meeting and definitive proxy statement to stockholders. A copy of the definitive proxy statement is also available in the Investor Relations-SEC Filings and Financial Reports section of the Company's web site, http://www.gptrust.com.

The Company also announced that it has entered into a memorandum of understanding with the plaintiff to settle the purported class action litigation that was brought following the announcement of the proposed merger. The defendants have denied any wrongdoing, fault, liability or damage to plaintiff and the putative class in the memorandum of understanding, which they entered into to avoid the burden and expense of further litigation.

Government Properties Trust expects to complete the merger with Record Realty by the middle of April 2007, subject to the approval of the merger by GPT's stockholders, resulting in cash consideration of $10.75 per share being paid to GPT's stockholders of record.

The Company expects to report preliminary unaudited financial results for the full year ended December 31, 2006 on March 14, 2007.

About Government Properties Trust, Inc.

Government Properties Trust, Inc. invests primarily in single tenant properties under long-term leases to the U.S. government. Government Properties Trust, Inc. is a self-managed, self-administered real estate investment trust, or REIT. The Company is located at 13625 California Street, Suite 310, Omaha, NE 68154. For additional information, please visit the Government Properties Trust, Inc. Web site at www.gptrust.com.

Forward Looking Statements

This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views as to future events and financial performance with respect to our operations. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as "aim," "anticipate," "are confident," "estimate," "expect," "will be," "will continue," "will likely result," "project," "intend," "plan," "believe," "look to" and other words and terms of similar meaning in conjunction with a discussion of future operating or financial performance.

Forward-looking statements speak only as of the date made. We undertake no obligation to update any forward-looking statements, including prior forward-looking statements, to reflect the events or circumstances arising after the date as of which they were made. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, us.

These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, but are not limited to, (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (2) the inability to complete the merger due to the failure to obtain stockholder approval or the failure to satisfy other conditions to the completion of the merger, including the receipt of required regulatory approvals; (3) risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; (4) the ability to recognize the benefits of the merger; and other risks that are set forth in GPT's SEC filings. Many of the factors that will determine the outcome of the subject matter of this press release are beyond GPT's ability to control or predict.

Important Additional Information Regarding the Merger has been filed with the SEC.

In connection with the proposed merger, GPT has filed a proxy statement with the Securities and Exchange Commission (the "SEC"). INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE MERGER AND THE PARTIES TO THE MERGER. Investors and security holders may obtain a free copy of the proxy statement and other documents filed by GPT at the SEC Web site http://www.sec.gov. The proxy statement and other documents also may be obtained for free from GPT by directing such request to Government Properties Trust, Inc., Investor Relations, 13625 California Street, Suite 310, Omaha, NE 68154 or at GPT's Web site at www.gptrust.com.

GPT and certain executive officers and other members of its management may be deemed participants in the solicitation of proxies from its stockholders in connection with the proposed merger. Information concerning the interests of GPT's participants in the solicitation, which may be different than those of GPT's stockholders generally, are set forth in the proxy statement relating to the merger.