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 www.ColumbiaPropertyTrust.com.
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
or
Jim
Fleming, 404-465-2200
IR@columbiapropertytrust.com
Source: Columbia Property Trust, Inc.