COPT Defense Announces Death of Former CEO Roger A. Waesche, Jr.
COPT Defense Properties has announced the passing of former CEO Roger A. Waesche, Jr., who led the company from 2011 to 2016 and played a key role in its Strategic Reallocation Program. This initiative shifted the company's focus towards defense and information technology properties, significantly enhancing its financial stability and achieving an investment grade credit rating. Under his leadership, COPT Defense expanded to 198 properties with a 97% occupancy rate as of September 30, 2025.
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COPT Defense Properties (NYSE: CDP) has announced the death of Roger A. Waesche, Jr., who served as CEO from 2011 to 2016 after a 30-year tenure in various roles including CFO and COO. Waesche was the architect of the 2011 Strategic Reallocation Program, which refocused the company's investments on defense and information technology properties, divesting suburban office assets.
This strategy improved the company's financial position by reducing leverage and achieving an investment grade credit rating. As of September 30, 2025, COPT Defense operates 198 properties totaling 22.6 million square feet with a 97% occupancy rate.
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