HACK THE BUILDING
COPT is a REIT that owns, manages, leases, develops and selectively acquires office and data center properties. The majority of its portfolio is in locations that support the United States Government and its contractors, most of whom are engaged in national security, defense and information technology (“IT”) related activities servicing what it believes are growing, durable, priority missions (“Defense/IT Locations”).
The Company also owns a portfolio of office properties located in select urban/urban-like submarkets in the Greater Washington, DC/Baltimore region with durable Class-A office fundamentals and characteristics (“Regional Office Properties”). As of June 30, 2020, the Company derived 88% of its core portfolio annualized rental revenue from Defense/IT Locations and 12% from its Regional Office Properties. As of the same date and including 15 properties owned through unconsolidated joint ventures, COPT’s core portfolio of 172 office and data center shell properties encompassed 19.6 million square feet and was 94.7% leased; the Company also owned one wholesale data center with a critical load of 19.25 megawatts that was 90.6% leased.
As a major provider of office space to the Department of Defense and its Defense Industrial Base (DIB) COPT has a keen interest in ensuring the cybersecurity of the facilities it leases and operates on behalf of its clients.
Facilities cybersecurity is a key pillar of cybersecurity critical infrastructure and Hack the Building will highlight the role defensive cybersecurity plays in the cyber resilience of critical facilities.
Amazon Web Services continues to expand its massive cloud cluster in Northern Virginia, where it operates more than 50 data centers. It’s the largest single concentration of corporate data center infrastructure on earth, housing the AWS US-East cloud region.
It could get much bigger soon. Amazon is seeking to build a massive data center campus just south of Dulles Airport, which could add up to 2.5 million square feet of cloud capacity. It’s one of at least five potential AWS data center projects being developed in Northern Virginia, including multiple sites in the new cloud corridor by the airport.
The expansion builds on Amazon’s massive US-East region, where it maintains six availability zones, more than in any other location. AWS has deployed 4 million square feet of data center space in Northern Virginia with developer Corporate Office Properties Trust (COPT), and will add another 1.2 million square feet through COPT projects in 2020 and the first quarter of 2021