COPT (OFC) Nets $61M in Q1 Property Sales
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Corporate Office Properties Trust (COPT) (NYSE: OFC), reports 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 (63 leases) at the time of sale.
The stabilized buildings contained an aggregate of 219,000 square feet and were 80% occupied (63 leases) at the time of sale.
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