Ooops $2M down the tubes

Columbia, Md.-based Corporate Office Properties Trust (COPT) paid PenMar $2 million of the $4 million owed on the property and, with PenMar receiving the deed to the property, PenMar forgave the remaining $2 million, Nipps said.

PenMar Development Corp. regains ownership of former Fort Ritchie - Herald-Mail

Corporate Office Properties Trust (COPT) (NYSE: OFC) is an office real estate investment trust (REIT) that focuses primarily on serving the specialized requirements of U.S. Government and Defense Information Technology tenants.

Bet you didn't know there were Reits sucking from the teat of the MIC....