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COPT Closes $115M Refi

Office REIT Pulls Cash Out of Three Northern Virginia Office Buildings
By Tim Trainor
CoStar News
October 14, 2004 | 4:45 P.M.

Following a string of recent acquisitions, Columbia, MD-based Corporate Office Properties Trust (NYSE:OFC) successfully refinanced three of its Class-A office buildings in Northern Virginia, securing a $115 million fixed-rate loan for a term of seven years with a loan-to-value (LTV) ratio of 75%.

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