COPT Defense Properties Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Investing Receivables

Investing Receivables

3 Months Ended

Mar. 31, 2015

Investing receivables, including accrued interest thereon, consisted of the following (in thousands):



	March 31, 2015		December 31, 2014
Notes receivable from the City of Huntsville	$	49,814	$	49,147
Other investing loans receivable	3,000		3,000
	$	52,814	$	52,147

Our notes receivable from the City of Huntsville funded infrastructure costs in connection with our LW Redstone Company, LLC joint venture (see Note 5) and carry an interest rate of 9.95%.

We did not have an allowance for credit losses in connection with our investing receivables as of March 31, 2015 or December 31, 2014. The fair value of these receivables approximated their carrying amounts as of March 31, 2015 and December 31, 2014.