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So Who Is Heading Up Build-to-Suit Development at COPT?

COLUMBIA, MD--There has not been one specific person in charge, at least not announced officially, since Wayne Lingafelter's departure.

By Erika Morphy | erikamorphy | Updated on February 10, 2017

Corporate Office Properties Trust CEO Stephen Budorick Corporate Office Properties Trust CEO Stephen Budorick

COLUMBIA, MD–Development is now the financial backbone for Corporate Office Properties Trust. Indeed, the REIT does not plan to make any acquisitions this year; nor did it make any last year.

In its newly-released financials for the fourth quarter of 2016 and the full year, COPT reports that in Q4 it placed 155,000 square feet of development into service that was fully leased by the end of the year. During 2016 it placed 700,000 square feet into service that was 93% leased by year’s end.

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