COLUMBIA, Md.--(BUSINESS WIRE)--Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC) announced that the ownership of two operating properties, 15000 & 15010 Conference Center Drive (together, “WTP”), in Northern Virginia has been transferred to the lender. As a result of this transfer, COPT will remove $150 million of non-recourse secured indebtedness from its balance sheet. In the third quarter of 2015, the Company expects to recognize a non-cash accounting gain estimate


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