COPT Defense Properties (CDP) - Hoya Hotseat
Hoya Capital
COPT Defense Properties (CDP) is a specialized office REIT focused on serving the U.S. government and defense-related tenants. The company owns a portfolio of 203 mission-critical properties located primarily in key defense markets - 45% of which are leased to U.S. government agencies - with a strong concentration in the Washington, D.C. region and other strategic military and intelligence hubs.
COPT’s properties are typically located near defense installations and are leased to high-credit government agencies and defense contractors, creating a uniquely resilient tenant base. The company’s development strategy is closely aligned with federal spending priorities, particularly those tied to cybersecurity, defense technology, and national security.
President & CEO Stephen Budorick joins the Hoya Hotseat to discuss COPT’s strategic evolution, its focused approach to serving mission-critical government and defense tenants, and the long-term trends driving demand in the defense real estate sector.