COPT Elects C. Taylor Pickett and Philip L. Hawkins to Board of Trustees

  COPT Elects C. Taylor Pickett and Philip L. Hawkins to Board of Trustees

Business Wire

COLUMBIA, Md. -- November 21, 2013

Corporate Office Properties Trust (“COPT” or the “Company”) (NYSE: OFC)
announced that its Board of Trustees has elected C. Taylor Pickett and Philip
L. Hawkins to serve on the Company’s Board, effective November 21, 2013, and
January 1, 2014, respectively.

"We are delighted to welcome such experienced and highly-regarded
professionals to COPT’s Board of Trustees," stated Thomas F. Brady, Chairman
of the Board of Trustees for COPT. "They will be valuable additions to COPT’s
Board. We believe their extensive real estate knowledge and experience will
facilitate the future growth of the Company,” he stated.

Since 2001, Mr. Pickett has been the Chief Executive Officer and since 2002, a
member of the Board of Directors of Omega Healthcare Investors, Inc. (NYSE:
OHI), a healthcare REIT that invests in healthcare facilities in the U.S. and
provides lease or mortgage financing to qualified operators of skilled nursing
facilities, assisted living facilities, independent living facilities and
rehabilitation and acute care facilities. From 1998 to 2001, Mr. Pickett was
Executive Vice President and Chief Financial Officer of Integrated Health
Services, Inc. where he also held a series of executive positions in mergers
and acquisitions from 1993 to 1998. From 1991 to 1993, Mr. Pickett was Vice
President of Taxes for PHH Corporation and, from 1984 to 1991, he was Senior
Manager for KPMG. Mr. Pickett is also on the Board of Directors for Atherio.
He received his bachelor’s degree in accounting with honors from the
University of Delaware and a Juris Doctorate with honors from the University
of Maryland School of Law.

Since 2006, Mr. Hawkins has been the Chief Executive Officer and a member of
the Board of Directors of DCT Industrial Trust Inc. (NYSE: DCT), an industrial
REIT that owns, acquires, operates and develops bulk distribution and light
industrial properties in high-volume distribution markets in the U.S. From
2002 to 2006, Mr. Hawkins was President and Chief Operating Officer and a
member of the Board of Directors of CarrAmerica Realty Corporation (formerly
NYSE: CRE, acquired by The Blackstone Group). Also at CarrAmerica, he served
as Chief Operating Officer from 1998 to 2002 and Managing Director of Asset
Management from 1996 to 1998. From 1982 to 1995, Mr. Hawkins held a series of
senior executive positions in real estate investment, development, leasing and
management with LaSalle Partners, Ltd. (now known as Jones Lang LaSalle,
Inc.). Mr. Hawkins is a member of NAREIT and the Urban Land Institute. He is a
trustee of Hamilton College, where he received his bachelor’s degree. He
received his MBA from the University of Chicago.

Company Information

COPT is an office REIT that focuses primarily on serving the specialized
requirements of U.S. Government agencies and defense contractors, most of
which are engaged in defense information technology and national
security-related activities. As of September 30, 2013, COPT derived 64% of its
annualized revenue from its strategic tenant niche properties and 21% from its
regional office properties. The Company generally acquires, develops, manages
and leases office and data center properties concentrated in large office
parks primarily located near knowledge-based government demand drivers and/or
in targeted markets or submarkets in the Greater Washington, DC/Baltimore
region. As of September 30, 2013, the Company’s consolidated portfolio
consisted of 210 office properties totaling 19.2  million rentable square
feet. COPT is an S&P MidCap 400 company.

Forward-Looking Information

This press release may contain “forward-looking” statements, as defined in
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, that are based on the Company’s current expectations,
estimates and projections about future events and financial trends affecting
the Company. Forward-looking statements can be identified by the use of words
such as “may,” “will,” “should,” “could,” “believe,” “anticipate,” “expect,”
“estimate,” “plan” or other comparable terminology. Forward-looking statements
are inherently subject to risks and uncertainties, many of which the Company
cannot predict with accuracy and some of which the Company might not even
anticipate. Accordingly, the Company can give no assurance that these
expectations, estimates and projections will be achieved. Future events and
actual results may differ materially from those discussed in the
forward-looking statements.

Important factors that may affect these expectations, estimates, and
projections include, but are not limited to:

  *general economic and business conditions, which will, among other things,
    affect office property and data center demand and rents, tenant
    creditworthiness, interest rates, financing availability and property
  *adverse changes in the real estate markets including, among other things,
    increased competition with other companies;
  *governmental actions and initiatives, including risks associated with the
    impact of a government shutdown or budgetary reductions or impasses, such
    as a reduction in rental revenues, non-renewal of leases, and/or a
    curtailment of demand for additional space by the Company's strategic
  *the Company’s ability to borrow on favorable terms;
  *risks of real estate acquisition and development activities, including,
    among other things, risks that development projects may not be completed
    on schedule, that tenants may not take occupancy or pay rent or that
    development or operating costs may be greater than anticipated;
  *the Company’s ability to sell properties included in its Strategic
    Reallocation Plan;
  *risks of investing through joint venture structures, including risks that
    the Company’s joint venture partners may not fulfill their financial
    obligations as investors or may take actions that are inconsistent with
    the Company’s objectives;
  *changes in the Company’s plans for properties or views of market economic
    conditions or failure to obtain development rights, either of which could
    result in recognition of significant impairment losses;
  *the Company’s ability to satisfy and operate effectively under Federal
    income tax rules relating to real estate investment trusts and
  *the Company's ability to achieve projected results;
  *the dilutive effects of issuing additional common shares; and
  *environmental requirements.

The Company undertakes no obligation to update or supplement any
forward-looking statements. For further information, please refer to the
Company’s filings with the Securities and Exchange Commission, particularly
the section entitled “Risk Factors” in Item 1A of the Company’s Annual Report
on Form 10-K for the year ended December 31, 2012.


Corporate Office Properties Trust
Stephanie Krewson, 443-285-5453
Michelle Layne, 443-285-5452
Press spacebar to pause and continue. Press esc to stop.