Corporate Office Properties Trust
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| Real estate investment trust | |
| Traded as | : OFC S&P 400 Component |
| Headquarters | Columbia, Maryland, United States of America |
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Key people
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Stephen E. Budorick, President & Chief Executive Officer Paul R. Adkins, Executive Vice President & Chief Operating Officer Holly G. Edington, Senior Vice President – Human Resources Anthony Mifsud, Executive Vice President & Chief Financial Officer David L. Finch, Vice President, General Counsel |
| Website | copt |
Corporate Office Properties Trust Inc. (COPT) (: OFC) is a publicly traded real estate investment trust (REIT) corporation that specializes in office development, and describes itself as "a fully integrated, self-managed real estate investment trust that focuses on the acquisition, development, ownership, management and leasing of suburban office properties primarily in select Mid-Atlantic submarkets." Company headquarters is in Columbia, Maryland[1].
Founded in 1988, by Clay W. Hamlin III and Jay H. Shidler, the company was based in Philadelphia, Pennsylvania. On Sept. 29, 1998, COPT merged with Constellation Energy (NYSE: CEG) a fortune 200 company and former subsidiary of Baltimore Gas and Electric. Following the merger, COPT focused aggressively on property in Howard County, Maryland.
In 2005, the Washington Post named this company one of the "Top 125 Companies" in the Washington DC area.
COPT buys land in suburban areas and then develop and manage office properties. Many tenants are defense contractors. According to the Washington Post, the company said it has leased much of the almost 2 million square feet (180,000 m²) of space at its huge complex, the National Business Park in Anne Arundel County, to government contractors such as General Dynamics Corporation, Northrop Grumman Corporation. and Lockheed Martin Corporation.
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