COPT Sells $75 Million of Assets in First Quarter of 2012
Corporate Office Properties Trust (NYSE: OFC), an office real estate investment trust that focuses primarily on serving the specialized requirements of U.S. Government and Defense Information Technology tenants, announced that during the quarter ended March 31, 2012, it sold seven stabilized properties, two vacant properties and a land parcel for net proceeds of approximately $61 million. The stabilized buildings contained an aggregate of 219,000 square feet and were 80% occupied at the time of sale.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.