Middle Market Digest: The Mid-Atlantic

8205 Patuxent Range Rd

NEWS & NOTABLES

WASHINGTON, DC–Private equity investment volume rose to $187 billion in Q3 2017, a 26% increase from Q2, according to the American Investment Council’s 2017 Q3 Private Equity Trends report. In Q3 2017, dry powder for buyouts rose 6% to $608 billion, surpassing the Q2 2017 level of $572 billion. US private equity fundraising volume increased 7 percent, from $56 billion to $60 billion in Q3 2017. Meanwhile, exit volumes and fundraising grew to $81 billion and $60 billion, respectively.

DEAL TRACKER

COLUMBIA, MD–Corporate Office Properties Trust has completed the sale of two single-tenant assets for $73.5 million. The assets are located in central and southwestern Virginia, which are outside the REIT’s core markets. Both assets were 100% occupied at the time of sale. COPT will recycle the proceeds into build-to-suit data center shell development projects. COPT provided a financial guaranty to the buyer under which it would provide a limited indemnification to the buyer for losses it could incur related to a potential defined capital event occurring on one of the properties by June 2019. COPT does not expect to incur any losses under this financial guaranty.