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 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 (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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151105006551/en/
Columbia Property Trust, Inc.
Tripp Sullivan, 615-760-1104
IR@columbiapropertytrust.com
or
Jim
Fleming, 404-465-2200
Source: Columbia Property Trust, Inc.