View all news

Columbia Property Trust Appoints Mike Robb and Glenn Rufrano to Board of Directors

December 22, 2014 12:00 AM

ATLANTA--(BUSINESS WIRE)-- Columbia Property Trust, Inc. (NYSE:CXP) announced that Michael S. Robb and Glenn J. Rufrano have been appointed to the Company’s Board of Directors effective January 1, 2015, which will bring the Board’s membership to eleven directors, of whom ten are independent.

“We are excited to welcome these two real estate veterans to our board,” said Nelson Mills, President and CEO of Columbia Property Trust. “Mike and Glenn bring a wealth of expertise, relationships and public company experience, and we look forward to their leadership as we continue executing our strategy to improve our portfolio and establish a significant and competitive presence in our targeted markets.”

Mike Robb retired in 2012 as Executive Vice President of the Real Estate Division of Pacific Life Insurance Company, a division he led for 27 of his total 37 years with the company. At his retirement, Pacific Life’s real estate portfolio was valued at over $28 billion. Mr. Robb currently serves as a board member of Morguard Corporation, a Canadian public real estate company. He also is an Executive Director for The Center for Real Estate at The Paul Merage School of Business at the University of California, Irvine, and on the Policy Advisory Board at the Fisher Center for Real Estate and Urban Economics at the University of California at Berkeley.

Glenn Rufrano has served as Chairman and Chief Executive Officer of O’Connor Capital Partners, a privately owned real estate investment, development, and management firm based in New York City, since late 2013. Previously, he led Cushman & Wakefield, Inc., for three years as President and Chief Executive Officer, and earlier served as CEO of both Australia-based Centro Properties Group and the predecessor company to publicly-listed retail REIT Excel Trust. Mr. Rufrano is a director of Ventas, a publicly-listed healthcare REIT, and a past director for Trizec Properties, Inc., a former publicly-listed office REIT later acquired by Brookfield Office Properties. In addition, he serves on the advisory boards of New York University’s Real Estate Institute and The City of New York University’s Baruch College.

About Columbia Property Trust

Columbia Property Trust, a publicly traded REIT, invests in high-quality commercial office properties in primary markets nationwide and has achieved an investment-grade rating from both Moody’s and Standard & Poor’s rating services. As of September 30, 2014, Columbia Property Trust’s portfolio consisted of 36 office properties and one hotel, which included 57 operational buildings and comprised approximately 16.8 million square feet located in 12 states and the District of Columbia. For information about Columbia Property Trust, visit

Forward-Looking Statements:

Certain statements contained in this press release other than historical facts may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such statements include, in particular, statements about our plans, strategies, and prospects and are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of our performance in future periods. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We make no representations or warranties (express or implied) about the accuracy of any such forward-looking statements contained in this press release, and we do not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Any such forward-looking statements are subject to risks, uncertainties, and other factors and are based on a number of assumptions involving judgments with respect to, among other things, future economic, competitive, and market conditions, all of which are difficult or impossible to predict accurately. To the extent that our assumptions differ from actual conditions, our ability to accurately anticipate results expressed in such forward-looking statements, including our ability to generate positive cash flow from operations, make distributions to stockholders, and maintain the value of our real estate properties, may be significantly hindered. See Item 1A in the Company’s most recently filed Annual Report on Form 10-K for the year ended December 31, 2013, for a discussion of some of the risks and uncertainties that could cause actual results to differ materially from those presented in our forward-looking statements. The risk factors described in our Annual Report are not the only ones we face, but do represent those risks and uncertainties that we believe are material to us. Additional risks and uncertainties not currently known to us or that we currently deem immaterial may also harm our business.

Columbia Property Trust, Inc.
Krister Romeyn, 404-465-2231
Jim Fleming, 404-465-2200

Source: Columbia Property Trust, Inc.

Categories: Press Releases
View all news