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COPT, Blackstone Real Estate form $119M joint venture

Corporate Office Properties Trust (COPT) Thursday announced the formation of a new joint venture with funds affiliated with Blackstone Real Estate, acquiring a 90% interest in two single-tenant, data center shell properties totaling 432,000 square feet and valued at $119 million. COPT received approximately $107 million of equity proceeds it will deploy into its 1.7 million ...