Age: 65 Trustee Since: 2016 BACKGROUND COPT Defense Properties President + Chief Executive Officer ( CEO ) (2016-Present) Executive Vice President + Chief Operating Officer ( COO ) (2011-2016) Callahan Capital Partners, LLC Executive Vice President of Asset Management (2006-2011) Trizec Properties, Inc. Executive Vice President Central Region (1997-2006) Miglin Beitler Management Company Executive Vice President (1991-1997) Lasalle Partners, Ltd. (now known as Jones Lang LaSalle, Inc.) Vice President Asset Management (1988-1991) American Hospital Association Facilities management and planning (1983-1988) EDUCATION BS in Industrial Engineering University of Illinois MBA University of Chicago COPT DEFENSE BOARD SERVICE Mr. Budorick s experience as our President + CEO and his prior experience as our COO, as well as his depth of both operational and financial expertise, make him highly qualified to serve as a valued member of our Board. In his role as CEO, Mr. Budorick is a critical link between the Board and management. His experience at initiating and implementing strategic initiatives and continued engagement in the commercial real estate community are valuable assets to the Board. PRESIDENT + CEO SINCE MAY 2016 COMMITTEES None Skills and Qualifications Executive Leadership Financial Literacy/ Accounting Finance/Capital Markets Risk Management Corporate Governance Real Estate Investment Strategic Planning + Leadership