COPT Defense Properties (NYSE:CDP) (NYSE: CDP) is a real estate investment trust organized to own, lease and manage healthcare and life science facilities serving the United States federal government, with a particular focus on Department of Defense and Veterans Affairs tenants. The company was formed in 2016 through a spin-off from Corporate Office Properties Trust, enabling it to concentrate exclusively on medical office buildings and specialized research facilities situated on or near military and federal research campuses.
The company’s portfolio comprises purpose-built, Class A medical office and outpatient specialty clinics, as well as life science laboratories. These assets are typically located adjacent to major defense installations, federal laboratories and veterans’ medical centers, supporting long-term, triple-net leases with government agencies and affiliated contractors. By focusing on properties that require specialized design and infrastructure, CDP seeks to deliver stable rental income backed by creditworthy tenants.
COPT Defense Properties’ holdings span key government and defense hubs across the United States, including markets in the Mid-Atlantic, Northeast and West Coast. Properties in Maryland, Virginia, Massachusetts, California and Colorado benefit from proximity to prominent military bases, federal research institutions and Veterans Affairs medical centers. This geographic diversification within mission-critical real estate markets positions the company to capitalize on ongoing demand for secure, specialized facilities.
The trust is externally managed by the leadership team of Corporate Office Properties Trust, leveraging decades of experience in government-focused real estate development and asset management. Headquartered in Columbia, Maryland, COPT Defense Properties combines a disciplined acquisition strategy with targeted, build-to-suit development capabilities to support the evolving facility needs of its federal tenants while seeking to provide investors with reliable, long-term cash flows.
