COPT Expands Executive Leadership; Appoints Paul Adkins As Chief Operating Officer

Corporate Office Properties Trust ("COPT" or the "Company") (NYSE:OFC) announces the appointment of Paul R. Adkins as the Company's new Executive Vice President and Chief Operating Officer, effective November 28, 2016. Mr. Adkins is an established expert on the Washington, DC commercial property markets who has a long history of success in a variety of disciplines, including leasing, acquisition and as a leadership executive. Prior to joining COPT, he spent five years as a Principal at The JBG Companies, a real estate investment and management firm based in Chevy Chase, MD. Notably, Mr. Adkins spent 21 years at CarrAmerica Realty (formerly NYSE: CRE) where, after working in Leasing from 1982¿1994, he ultimately was promoted to serve as that company's President of Real Estate Services from 2001¿2003.

Stephen E. Budorick, COPT's President and CEO, commented, "Paul is a seasoned, well-respected real estate executive in the Washington, DC area, and has an established track record as a value creator. His leadership skills, market knowledge, and expertise are a tremendous fit for our Company."

In his new capacity, Mr. Adkins will manage the overall operations of the Company including asset management and leasing, property management, government services and commercial development. His responsibilities will also include developing and executing strategies to expand the Company's investment opportunities, predominantly regarding new development at existing Defense/IT locations.

Mr. Adkins received his Bachelor's degree in Economics from Bucknell University in 1981. For additional information, please see Mr. Adkins' biography on the Company website at

Company Information

COPT is an office REIT that owns, manages, develops and selectively acquires office and data center properties primarily in locations that support United States Government agencies and their contractors, most of whom are engaged in national security, defense and information technology ("IT") related activities servicing priority missions ("Defense/IT Locations"). We also own a complementary portfolio of Class-A office properties located in select urban/urban-like submarkets within our regional footprint ("Regional Office Properties"). As of September 30, 2016, we derived 86% of core portfolio annualized revenue from Defense/IT Locations and 14% from Regional Office Properties. As of September 30, 2016, our core portfolio of 146 office properties encompassed 15.9 million square feet and was 94.4% leased.

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