COPT Appoints Todd Hartman as Chief Operating Officer
November 23 2020 - 4:16PM
Business Wire
Corporate Office Properties Trust (“COPT” or the “Company”)
(NYSE:OFC) announces the appointment of Todd Hartman as Executive
Vice President and Chief Operating Officer, effective November 30,
2020. Mr. Hartman is an established commercial real estate
executive with over 25 years of experience in asset management,
property management and leasing, corporate operations, and
corporate strategy.
Prior to joining COPT, he served a decade as Senior Vice
President of Ivanhoe Cambridge US’s Western Region, a seven million
square foot portfolio that spans Seattle, Los Angeles, Denver, and
Chicago, where he was principally responsible for investment
life-cycle value creation in a premier portfolio of office assets.
Mr. Hartman also served as COO of the Broe Real Estate Group and as
Vice President of National Operations at Trizec Properties,
Inc.
Stephen E. Budorick, COPT’s President and CEO, commented, “Todd
has a proven track record of success in managing large portfolios
across multiple markets to create value for stakeholders. His
strong leadership skills and deep experience at both the property
and corporate levels make him an ideal fit for our Company.”
In his new capacity, Mr. Hartman 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. Hartman received his Masters of Business Administration and
a Bachelor’s degree in Engineering from The Ohio State University.
For additional information, please see Mr. Hartman’s biography on
the Company website at investors.copt.com.
About COPT COPT is a REIT
that owns, manages, leases, develops and selectively acquires
office and data center properties. The majority of its portfolio is
in locations that support the United States Government and its
contractors, most of whom are engaged in national security, defense
and information technology (“IT”) related activities servicing what
it believes are growing, durable, priority missions (“Defense/IT
Locations”). The Company also owns a portfolio of office properties
located in select urban/urban-like submarkets in the Greater
Washington, DC/Baltimore region with durable Class-A office
fundamentals and characteristics (“Regional Office Properties”). As
of September 30, 2020, the Company derived 88% of its core
portfolio annualized rental revenue from Defense/IT Locations and
12% from its Regional Office Properties. As of the same date and
including 15 properties owned through unconsolidated joint
ventures, COPT’s core portfolio of 174 office and data center shell
properties encompassed 20.2 million square feet and was 94.6%
leased; the Company also owned one wholesale data center with a
critical load of 19.25 megawatts that was 86.7% leased.
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.
Although the Company believes that the expectations, estimates and
projections reflected in such forward-looking statements are based
on reasonable assumptions at the time made, 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 and the
Company undertakes no obligation to update or supplement any
forward-looking statements.
The areas of risk that may affect these expectations, estimates
and projections include, but are not limited to, those risks
described in Item 1A of the Company’s Annual Report on Form 10-K
for the year ended December 31, 2019 and subsequent Quarterly
Reports on Form 10-Q.
Source: Corporate Office Properties Trust
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201123006230/en/
IR: Stephanie Krewson-Kelly 443-285-5453
stephanie.krewson@copt.com
Michelle Layne 443-285-5452 michelle.layne@copt.com
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