Columbia Property Trust (COPT) is a real estate investment trust (REIT) that boasts an impressive portfolio of office and data center properties, which it owns, manages, leases, develops, and selectively acquires. The majority of COPT's portfolio is located in areas that support the United States Government and its contractors, with a particular focus on national security, defense, and information technology (IT) related activities. The company considers these Defense/IT Locations to be priorities with growing potential, and it believes that they will continue to be in high demand in the future. COPT's portfolio also includes some select, high-quality office properties located in the Greater Washington, DC/Baltimore region, which have durable Class-A office fundamentals and characteristics. As of December 31, 2022, COPT was generating 91% of its annualized rental revenue from its Defense/IT Locations, with the remaining 9% coming from its Regional Office Properties. The company's core portfolio of 192 properties, including 21 owned through unconsolidated joint ventures, spans 22.8 million square feet and boasts an impressive occupancy rate of 95.3%.