COPT sells stake in 7 data centers to Blackstone for $238.5 million

By Halethorpe on June 22, 2019

Corporate Office Properties Trust sold a 90% stake in seven of its data center properties for $238.5 million, establishing a joint venture with Blackstone Real Estate Income Trust.

COPT, a Columbia-based real estate investment trust, said it retained a 10% stake in the joint venture.