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PARTNERING TO ADVANCE THE MISSIONS 18 NOVEMBER 2010

PARTNERING TO ADVANCE THE MISSIONS 18 NOVEMBER 2010. 1. COPT Overview. 2. COPT Overview. NYSE Specialty Office REIT $5 Billion market capitalization Class A office (269 Properties, 21 mm RSF) 1

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PARTNERING TO ADVANCE THE MISSIONS 18 NOVEMBER 2010

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  1. PARTNERING TO ADVANCE THE MISSIONS 18 NOVEMBER 2010 1

  2. COPT Overview 2

  3. COPT Overview • NYSE Specialty Office REIT • $5 Billion market capitalization • Class A office (269 Properties, 21 mm RSF)1 • Headquartered in Columbia, Maryland with strategic locations in Maryland, Virginia, Colorado, Texas, Alabama • 64% of wholly owned properties in Greater Washington, DC region2 • Core customer focus • 57% of revenues from assets containing US government, defense information technology and data sector tenants1 • Data as of September 30, 2010, includes 20 properties totaling 1.1 million square feet held through joint ventures. • Measured using square feet. 3

  4. COPT Key Differentiators • Strong capital position - low near term debt maturities, development funding in place • Focus on tenant relationships and defense niche • Expertise to design technically complex office and data facilities that meet unique customer requirements • Key market locations with high job growth and near government demand drivers • High tenant retention • Emphasis on tenant service – Best in Industry ranking • Long term owner • Green building strategy

  5. Top 20 Tenants1 This list represents our top twenty tenants as of September 30, 2010, exclusive of owner occupied leases, based on annualized revenue for wholly owned properties only. 5

  6. Over70% of the Top 50 Defense Contractors are COPT Tenants Source: Ranked according to aggregate value of contracts recorded in 2010. www.washingtontechnology.com 6

  7. Able to Meet Your Customers’ Needs in Locations Across the Country HUNTSVILLE, AL 468 ac./4.6 million SF development potentialAdjacent to the Main Gate ofRedstone Arsenal Redstone Gateway SAN ANTONIO, TX5 buildings/665,000 SFSentry Gateway STRATEGIC LOCATIONS MARYLAND 194 buildings/13.7 Million SF Connected to Fort Meade The National Business Park Near Fort Meade - Arundel Preserve At Aberdeen Proving Ground North Gate Business Park At BWI Thurgood Marshall Airport Airport Square Adjacent to PAX River Naval Air Station Expedition & Exploration Office Parks Near Fort Detrick – Frederick Research Park COLORADO SPRINGS, CO 21 buildings/1.6 Million SF Adjacent to Peterson Air Force Base Patriot Park VIRGINIA 24 buildings/3.2 Million SF Adjacent to National Geospatial Intelligence Agency & Fort Belvoir Patriot RidgeChantilly - Westfields Corporate Center Near Dahlgren Naval Surface Warfare Center Dahlgren Technology Center WASHINGTON D.C. 2 operating properties / 362,000 SF Adjacent to Washington Navy Yard Maritime Plaza

  8. Specialized Knowledge 8

  9. Government Services Background and Capabilities • Trust and loyalty with US Government (USG) tenants developed over 18 years • Full service – • Development • Design & construction • Property/Operations management • Significant number of employees have security credentials • Deep experience in building and managing more than 2+ million sq ft of secure space (SCIF) • Build to USG Anti-terrorism/Force Protection (ATFP) standards • Developing and operating Data Centers for the USG • Comprehensive knowledge of USG procurement procedures and operational/capital lease issues • Flexible structure of one-year leases facilitates USG leasing

  10. COPT Data Center Expertise Northrop Grumman IT/VITA data center Meadowville Lane - Chester, VA 193,000 SF Northrop Grumman IT/VITA data centerTechnology Park Drive - Lebanon, VA103,000 SF Power Loft @ Innovation 9651 Hornbaker Road - Manassas, VA 233,000 SF 10

  11. Committed to Sustainability COPT LEED Projects: Awards for Green Development: • 55 LEED Buildings • 10 Certified Gold • 12 Certified Silver • 1 Certified • 2 LEED-EB Certified • 30 Registered • 8 LEED Interiors • 3 Certified Silver • 5 Registered • 17 LEED Accredited Employees • Committed to designing and building Green buildings since 2003 • Sustainable operating practices • USGBC Baltimore Chapter Award for Special Accomplishment in Green Development 2009 • USGBC Baltimore Chapter Green Leadership Awards 2005 – 2007 • NAIOP Maryland Chapter Environmentally Friendly Green Development Award 2006 • NAIOP National Green Development Award 2005 11

  12. REDSTONE GATEWAY - A TRUE PARTNERSHIP 12 12

  13. Jim Wilson & Associates (JWA) was awarded Enhanced Use Lease (“EUL”) in 2006 • After JWA’s partner backed out, JWA contacted COPT because of our specialty office niche with emphasis on government and defense contractors • COPT had been studying Huntsville since 2005 • COPT and JWA formed JV partnership LW Redstone, Inc. LW Redstone, Inc. 13

  14. Last 18 months: extensive negotiations with US Army, City of Huntsville, County jurisdictions to complete EUL agreement • Nature of an EUL is for a developer to design, develop, construct, and operate commercial facilities on Army land, and pay rent, in kind fees, to Redstone Arsenal (RSA) • Negotiations involved annexing federal land and “Tax Incremental Financing” (TIF) to provide sewer/utilities to the project • Eventually, land and buildings revert back to RSA • Final negotiations included JV agreement for COPT to manage project • Advancing the Missions of Redstone Arsenal Enhanced Use Lease 14

  15. REDSTONE GATEWAY PLAN 15 15

  16. Location

  17. Redstone Gateway 17

  18. Redstone Gateway Development Plan • 468 Acres / 4.6M SF • 4.4M SF Class A Office Space including 1.2M SF Class A Secured “Behind the Fence” • Designed to adhere to ATFP standards • Gate 9 and Visitors Center to be relocated southerly to facilitate development phasing, infrastructure and orientation of secure campus • Product types include Academic Campus, R&D/Testing • Over 100k SF of Retail, Service, Restaurants, including up to 300 Hotel Rooms and Conferencing Facilities • Objective is to create the focal image or “Gateway” into Redstone Arsenal and to have a prominent sense of “place” for the Arsenal • Long-term success will further position Redstone Arsenal and Huntsville for more growth and more opportunities 18

  19. Conceptual Master Plan

  20. Phasing Plan

  21. Redstone Gateway - Building 1 21

  22. Redstone Gateway - Building 1 Courtyard View 22

  23. Redstone Gateway - Building 1 Street View • 125,000 square foot, Class A office building • 5 stories • Building signage available with visibility from I-565 • 9-foot ceiling height • Surface parking at 4/1,000 sf • Pre-cast and architectural glass • Loading area • Fiber optics available • Built to achieve LEED Silver certification or higher 23

  24. Education Campus

  25. Milestone Activities

  26. COPT is HONORED to be chosen as a partner for Redstone Gateway. • COPT can provide secure facilities for RSA and its supporting contractors. • COPT is committed to the community and toward building a tremendous local team. • Partnerships and teaming relationships will be key toward mutual success. Summary 26

  27. COPT Contacts For Redstone Gateway 27

  28. THANK YOU 28

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