On February 16, 2017, the Board of Directors of QTS Realty Trust, Inc. approved the appointment of Jeffrey H. Berson, the company's current Chief Investment Officer, to the position of Chief Financial Officer of the company and QualityTech, LP, the Company's operating partnership. The appointment will become effective on April 3, 2017. Upon the effectiveness of the appointment, Mr. Berson will assume the duties of Chief Financial Officer from William H. Schafer and, although he will no longer have the title of Chief Investment Officer, he will continue his duties in that role.

At that time, Mr. Schafer will transition to the position of Executive Vice President - Finance and Accounting where he will continue to lead key components of the Company's finance organization. Mr. Berson, 49, has served as Chief Investment Officer of the Company and the Operating Partnership since the Company's initial public offering in October 2013 and as the Chief Investment Officer of the Company's predecessor from August 2013 until the initial public offering. Mr. Schafer, 58, has served as Chief Financial Officer of the Company and the Operating Partnership since the Company's initial public offering in October 2013.

Previously, he served as the Chief Financial Officer of the Company's predecessor from 2010 to the Company's initial public offering.