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Columbia Property Trust Names David B. Henry to Board of Directors

November 05, 2015 12:00 AM

ATLANTA--(BUSINESS WIRE)-- Columbia Property Trust, Inc. (NYSE: CXP) has elected David B. Henry as a member of the Board of Directors, effective January 1, 2016. Mr. Henry is currently vice chairman of the Board of Directors and chief executive officer of Kimco Realty Corporation. Mr. Henry will retire from his current roles with Kimco effective January 1, 2016. He joined Kimco in April 2001 as vice chairman and chief investment officer, served as its president from December 2008 through August 2014, and has served as CEO since December 2009.

Prior to his career at Kimco, Mr. Henry spent 23 years with G.E. Capital Real Estate, the last five years of which he served as senior vice president and chief investment officer. He also served as chairman of G.E. Capital Investment Advisors. Mr. Henry is currently a trustee, and formerly the chairman, of the International Council of Shopping Centers and also serves as vice-chairman of the National Association of Real Estate Investment Trusts. He also serves on the boards of HCP, Inc.; VEREIT, Inc.; and, effective January 1, 2016, Tanger Factory Outlet Centers, Inc.

“Dave is a proven executive with a long track record of management and leadership experience in both the public and private real estate sectors,” noted Nelson Mills, president and chief executive officer of Columbia Property Trust. “His leadership of Kimco and other board service add a valuable layer of public REIT experience and industry connections that will complement the expertise of our other Board members.”

About Columbia Property Trust

Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings in competitive, primarily CBD locations, and over half our investments are in high-barrier-to-entry, primary markets. As of September 30, 2015, our $5+ billion portfolio included 28 office properties containing 13.9 million square feet and one hotel, concentrated in San Francisco, New York, and Washington, D.C. For more information about Columbia, which carries an investment-grade rating from both Moody’s and Standard & Poor’s, please 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 (including the transactions announced today and execution of the stock repurchase program) 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, 2014, 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.
Tripp Sullivan, 615-760-1104
Jim Fleming, 404-465-2200

Source: Columbia Property Trust, Inc.

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