{"id":142651,"date":"2021-06-03T11:58:44","date_gmt":"2021-06-03T15:58:44","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=142651"},"modified":"2021-06-03T11:58:44","modified_gmt":"2021-06-03T15:58:44","slug":"corporate-office-properties-enters-119m-data-center-joint-venture-with-blackstone","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/corporate-office-properties-enters-119m-data-center-joint-venture-with-blackstone\/","title":{"rendered":"Corporate Office Properties Enters $119M Data Center Joint Venture with Blackstone"},"content":{"rendered":"
June 3, 2021 | S&P Global Market Intelligence<\/p>\n
Corporate Office Properties Trust\u00a0formed a new joint venture with funds affiliated with\u00a0Blackstone REIT, a unit of private equity giant\u00a0The Blackstone Group Inc.<\/p>\n
The joint venture purchased a 90% stake in two single-tenant, data center shell properties covering 432,000 square feet and valued at $119 million.<\/p>\n
The office and data center real estate investment trust received about $107 million of equity proceeds.<\/p>\n
Corporate Office Properties Trust formed a new joint venture with funds affiliated with Blackstone REIT, a unit of private equity giant…<\/p>\n","protected":false},"author":2691,"featured_media":38649,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2710,2808],"tags":[],"class_list":["post-142651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-blackstone","category-data-center"],"acf":[],"yoast_head":"\n