Redstone Presentation_SAME_11-18-10

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					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
            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

1.   Data as of September 30, 2010, includes 20 properties totaling 1.1 million square feet held through joint ventures.
2.   Measured using square feet.



                                                                                                                           3
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
Top 20 Tenants1
Tenant                                                                  Number of Leases                                               Square Feet
UNITED STATES OF AMERICA                                                           75                                                      3,125,009
NORTHROP GRUMMAN CORPORATION                                                       16                                                      1,229,313
BOOZ ALLEN HAMILTON, INC.                                                           8                                                         726,070
CSC                                                                                 6                                                         612,024
THE MITRE CORPORATION                                                               4                                                         261,474
ITT CORPORATION                                                                     9                                                         333,169
THE AEROSPACE CORPORATION                                                           3                                                         247,253
Wells Fargo & Company                                                               6                                                         215,673
L-3 COMMUNICATIONS                                                                  4                                                         256,120
CareFirst, Inc.                                                                     2                                                         221,893
INTEGRAL SYSTEMS, INC.                                                              4                                                         241,627
Comcast Corporation                                                                 7                                                         306,123
AT&T CORPORATION                                                                    5                                                         321,063
THE BOEING COMPANY                                                                  4                                                         161,591
CIENA CORPORATION                                                                   5                                                         263,724
GENERAL DYNAMICS CORPORATION                                                        5                                                         175,716
UNISYS CORPORATION                                                                  1                                                         156,695
The Johns Hopkins Institutions                                                      5                                                         139,295
Merck & Co., Inc.                                                                   2                                                         225,900
Magellan Health Services, Inc.                                                      2                                                         118,801


                            1.   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
Over 70% of the Top 50 Defense Contractors are COPT Tenants
 Top 50 Defense Contractors (COPT Tenants are highlighted in Yellow)
  1   Lockheed Martin              18   Deloitte, LLP                                           35    Apptis, Inc.
  2   Northrop Grumman Corp.       19   Verizon Communications, Inc.                            36    Bechtel Corp.
  3   Boeing Co.                   20   Jacobs Engineering Group, Inc.                          37    VSE Corp.
  4   Raytheon Co.                 21   United Technologies Corporation                         38    Unisys Corp.
  5   SAIC                         22   Battelle Memorial Institute                             39    General Atomics
  6   General Dynamics Corp.       23   DynCorp International, LLC                              40    QinetiQ North America, Inc.
  7   KBR                          24   URS Corp.                                               41    Alion Science and Technology
  8   L-3 Communications Corp.     25   DRS Technologies, Inc.                                  42    SGT, Inc.
  9   Booz Allen Hamilton          26   Rockwell Collins, Inc.                                  43    Combat Support Associates
 10   CSC                          27   Accenture                                               44    Stanley, Inc.
 11   Dell Computer Corp.          28   Honeywell International, Inc.                           45    Wyle Laboratories, Inc.
 12   Hewlett-Packard Co./EDS      29   Serco, Inc.                                             46    AT&T
 13   Harris Corp.                 30   SRA International, Inc.                                 47    Fluor Corp.
 14   ITT Corporation              31   ManTech International Corp.                             48    Alliant Techsystems, Inc.
 15   BAE Systems, Inc.            32   Sprint Nextel Corp.                                     49    Arinc
 16   CACI International, Inc.     33   General Electric Co.                                    50    Comtech Telecommunications
 17   IBM Corporation              34   Aerospace Corp.


                                            Source: Ranked according to aggregate value of contracts recorded in 2010. www.washingtontechnology.com




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Able to Meet Your Customers’ Needs in Locations Across the Country

HUNTSVILLE, AL
468 ac./4.6 million SF development potential

Adjacent to the Main Gate of Redstone Arsenal
Redstone Gateway


SAN ANTONIO, TX
5 buildings/665,000 SF                               STRATEGIC
Sentry Gateway                                       LOCATIONS
                                                                                      MARYLAND
COLORADO SPRINGS, CO                                                                  194 buildings/13.7 Million SF
21 buildings/1.6 Million SF
                                                                                      Connected to Fort Meade
Adjacent to Peterson Air Force Base                                                   The National Business Park
Patriot Park
                                                                                      Near Fort Meade - Arundel Preserve
VIRGINIA                                                                              At Aberdeen Proving Ground
24 buildings/3.2 Million SF                     WASHINGTON D.C.                       North Gate Business Park
                                                2 operating properties / 362,000 SF
Adjacent to National Geospatial Intelligence                                          At BWI Thurgood Marshall Airport
Agency & Fort Belvoir                           Adjacent to Washington Navy Yard      Airport Square
Patriot Ridge                                   Maritime Plaza
                                                                                      Adjacent to PAX River Naval Air Station
Chantilly - Westfields Corporate Center                                               Expedition & Exploration Office Parks

Near Dahlgren Naval Surface Warfare Center                                            Near Fort Detrick –
Dahlgren Technology Center                                                            Frederick Research Park
Specialized Knowledge




                        8
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
COPT Data Center Expertise
Data Center Projects
Northrop Grumman Corporation IT/VITA
                                                              Northrop Grumman IT/VITA data center
Office building & Tier II+ data center       193,000 SF       Meadowville Lane - Chester, VA
                                                              193,000 SF

Data center                                  103,000 SF

Power Loft @ Innovation

Data center                                  233,000 SF

Other Federal Government & Defense Contractor Clients
(ATFP & DCID compliant)                                      Northrop Grumman IT/VITA data center
                                                             Technology Park Drive - Lebanon, VA
                                                             103,000 SF
8 buildings                                  854,000 SF

General

Multiple other buildings                     350,000 SF

Total                                      1,733,000 SF

                                                          Power Loft @ Innovation
                                                          9651 Hornbaker Road - Manassas, VA
                                                          233,000 SF


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


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REDSTONE GATEWAY - A TRUE PARTNERSHIP




                                         12
                                        12
LW Redstone, Inc.
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.




                                                         13
Enhanced Use Lease
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


                                                                 14
REDSTONE GATEWAY PLAN




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                        15
Location




           16
Redstone Gateway




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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
Conceptual Master Plan




                         19
Phasing Plan




               20
Redstone Gateway - Building 1




                                21
Redstone Gateway - Building 1
        Courtyard View




                                22
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
Education Campus




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Milestone Activities
Pentagon Approval of Master Lease                       August 2009
Huntsville City Council Approvals                       March 2010
 Development and Annexation Agreement
 Annexation of EUL Site (Petition by Army)
Commencement of Infrastructure Design                   April 2010
Tax Incremental Financing Approved by City and County   May 2010
Vertical Building Design and Engineering Begins         July 2010
Commencement of Infrastructure Construction             December 2010
Commencement of Vertical Building Construction          January 2011
Completion of Redstone Gateway Phase I Infrastructure   4th Q 2011
Office Building Available for Tenants                   4th Q 2011




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Summary
 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.




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COPT Contacts For Redstone Gateway

Representative                  Role(s)                                  Contact
Greg Hall                       Project Executive for Redstone Gateway   443-285-5648
Senior Project Manager                                                   greg.hall@copt.com

Derrick Boegner                 Alabama (Huntsville)                     703-818-3905
VP Asset Management & Leasing   Northern Virginia                        derrick.boegner@copt.com

Chuck Fiala                     Government Services Development and      443-285-5675
SVP Government Services         Construction                             charles.fiala@copt.com




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THANK YOU




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