COPT sells majority interest in data center shells
A real estate investment trust headquartered in Columbia that focuses on locations that support the federal government and its contractors has sold most of its interest in some properties to another REIT.
Corporate Office Properties Trust to pay quarterly dividend
Corporate Office Properties Trust, an office REIT based in Columbia, is set to pay its 81st consecutive quarterly dividend.
FFO drops for COPT in quarter
Corporate Office Properties Trust, of Columbia, an office real estate investment trust, posted $37.3 million in funds from operations, or 34 cents per diluted share, for the last quarter, compared with $115.9 million and $1.21 for the same quarter in 2013. COPT’s 173 office properties were nearly 91 percent occupied and 92 percent leased as […]
COPT’s funds from operations up slightly
Corporate Office Properties Trust, a Columbia-based real estate investment trust focused on federal government and defense contractor office buildings, reported a slight increase in funds from operations for the third quarter. FFO was $49.6 million, or 49 cents per diluted share, for the period ending Sept. 30, compared with $49.3 million and 48 cents for […]
COPT inks big lease at Arundel Preserve
Corporate Office Properties Trust said it has signed a 10-year lease with a cybersecurity-related tenant at The Corporate Center at Arundel Preserve.
Manekin named NAIOP Maryland awards committee co-chair
Jon Manekin of Corporate Office Properties Trust has been named one of the co-chairs of the NAIOP Maryland 2014 Awards of Excellence Committee.
First Potomac sells industrial assets
First Potomac Realty Trust, a Bethesda-based real estate investment trust, said it is selling 24 industrial properties, comprising approximately 4.3 million square feet, for a total of $259 million.
COPT’s funds from operations fall in 1Q
Corporate Office Properties Trust, a Columbia-based real estate investment trust focused on U.S. government agencies and defense contractors, saw its first-quarter funds from operations drop in 2013 compared to the prior year.
Real Estate Weekly – 8/10/12
COPT obtains $120M loan, expandable to $200M Corporate Office Properties Trust, a Columbia-based office real estate investment trust primarily focused on the specialized requirements of U.S. government and defense information technology tenants, announced it entered into a $120 million term loan agreement, with the option to expand the amount drawn during the term, subject to […]
Real Estate Weekly – 7/27/12
Mahan Rykiel creates plan for Children’s Inn playground Mahan Rykiel Associates Inc., a Baltimore-based landscape architecture, urban design and planning firm, designed a new playground/park for children seeking treatment at the National Institutes of Health campus in Bethesda. The first phase of the Children’s Inn playground was completed Monday by more than 150 volunteers from […]
Reuse of Fort Ritchie Army base back to square one
CASCADE — Ownership of the former Fort Ritchie Army base in Cascade is reverting to a public redevelopment authority after a private developer backed out. The state-sponsored PenMar Development Corp. said Tuesday it has reached a settlement with Columbia-based Corporate Office Properties Trust regarding the 591-acre site about 70 miles northwest of Washington. COPT agreed […]
A drop in 2nd quarter mergers and acquisitions
While mergers and acquisitions in Maryland fell 31 percent from the previous quarter and 40 percent from the corresponding period last year, one local company has continued to make nine-figure deals.