COPT Defense Appoints Britt A. Snider as Chief Operating Officer
13 Novembro 2023 - 8:00PM
Business Wire
COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the
“Company”) announces the appointment of Britt A. Snider as
Executive Vice President and Chief Operating Officer, effective
December 1, 2023. Mr. Snider is an established commercial real
estate executive with nearly 20 years of experience in development,
asset management, property management and leasing, corporate
operations, and corporate strategy.
Prior to joining COPT Defense, he served as Principal of
Redbrick LMD, a diversified real estate investment and development
company based in Washington, D.C., where he was a member of the
senior leadership team overseeing the company’s development, asset
management and leasing activities. Prior to Redbrick, Mr. Snider
served as Senior Vice President at WS Development, a real estate
investment and development company based in Chestnut Hill,
Massachusetts, where he led the company’s mixed-use development
initiatives outside of the Boston Seaport. Between 2006 and 2019,
Mr. Snider served as Executive Vice President, Head of Commercial
Asset Management and Principal, Development at JBG Smith (NYSE:
JBGS), a mixed-use investment and development real estate
investment trust, where he oversaw the company’s office portfolio
and development activities. Previous to JBG, Mr. Snider worked in
the Real Estate Investment Banking Group at Friedman Billings
Ramsey.
Stephen E. Budorick, COPT Defense’s President and CEO,
commented, “Britt has a proven track record of success in
development and asset management on both the public and private
side, as well as a robust network of relationships in the
Washington, D.C. area. Britt’s leadership experience, strong
financial acumen, and proven ability to create shareholder value,
make him a great fit for the company.”
In his new capacity, Mr. Snider will manage the overall
operations of the Company including asset management and leasing,
property management, government services, and commercial
development. His responsibilities will also include developing and
executing strategies to expand the Company’s investment
opportunities, predominantly regarding new development at existing
Defense/IT Properties.
Mr. Snider received his B.A., Cum Laude, from Amherst College
and his M.B.A. from the University of North Carolina’s
Kenan-Flagler Business School.
About COPT Defense
COPT Defense, an S&P MidCap 400 Company, is a self-managed
REIT focused on owning, operating and developing properties in
locations proximate to, or sometimes containing, key U.S.
Government (“USG”) defense installations and missions (referred to
as its Defense/IT Portfolio). The Company’s tenants include the USG
and their defense contractors, who are primarily engaged in
priority national security activities, and who generally require
mission-critical and high security property enhancements. As of
September 30, 2023, the Company’s Defense/IT Portfolio of 188
properties, including 24 owned through unconsolidated joint
ventures, encompassed 21.3 million square feet and was 97.0%
leased.
Forward-Looking
Information
This press release may contain “forward-looking” statements, as
defined in Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, that are based on the
Company’s current expectations, estimates and projections about
future events and financial trends affecting the Company.
Forward-looking statements can be identified by the use of words
such as “may,” “will,” “should,” “could,” “believe,” “anticipate,”
“expect,” “estimate,” “plan” or other comparable terminology.
Forward-looking statements are inherently subject to risks and
uncertainties, many of which the Company cannot predict with
accuracy and some of which the Company might not even anticipate.
Although the Company believes that the expectations, estimates and
projections reflected in such forward-looking statements are based
on reasonable assumptions at the time made, the Company can give no
assurance that these expectations, estimates and projections will
be achieved. Future events and actual results may differ materially
from those discussed in the forward-looking statements and the
Company undertakes no obligation to update or supplement any
forward-looking statements.
The areas of risk that may affect these expectations, estimates
and projections include, but are not limited to, those risks
described in Item 1A of the Company’s Annual Report on Form 10-K
for the year ended December 31, 2022.
Source: COPT Defense Properties
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231113094331/en/
IR Contacts Venkat Kommineni, CFA 443-285-5587
venkat.kommineni@copt.com
Michelle Layne 443-285-5452 michelle.layne@copt.com
COPT Defense Properties (NYSE:CDP)
Gráfico Histórico do Ativo
De Out 2024 até Out 2024
COPT Defense Properties (NYSE:CDP)
Gráfico Histórico do Ativo
De Out 2023 até Out 2024