ATLANTA & NEW YORK--(BUSINESS WIRE)--
Columbia
Property Trust, Inc. (NYSE: CXP) has named Adam I. Popper as Senior
Vice President - Eastern Region, effective February 29, 2016. Mr. Popper
will serve on Columbia’s Investment Committee and will direct investment
activity and lead asset management teams in the eastern U.S. His primary
focus will be on existing assets and future opportunities in three of
the Company’s key markets: New York City, Washington, D.C. and Boston.
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Adam I. Popper Senior Vice President - Eastern Region (Photo: Business Wire)
Based in New York, Mr. Popper was most recently a managing principal and
member of the investment committee of Westbrook Partners, where he
participated in new partner development and acquisition and value
enhancement activities within the U.S. Prior to joining Westbrook in
2013, he was a senior vice president and director of U.S. Office
Acquisitions for Vornado Realty Trust, where he was primarily
responsible for office acquisitions across Vornado’s key U.S. markets.
Mr. Popper was previously a managing director of Beacon Capital
Partners, where he led Beacon’s investment strategy in the New York
Metropolitan area, and a senior director of Tishman Speyer Properties,
where he led the acquisition efforts in the eastern U.S. In addition to
his real estate activities, Mr. Popper is a member of Urban Land
Institute and the International Council of Shopping Centers and serves
on the executive board of directors for the New York City/Southern New
York Chapter of the National Multiple Sclerosis Society.
“It’s been our longstanding commitment to build capable, experienced and
respected teams in our key markets. New York City is now our second
largest market, and the natural center from which to execute our
high-barrier strategy for the eastern U.S. We are very pleased to bring
Adam Popper on board to lead our efforts in New York, Washington, D.C.
and Boston,” noted Nelson
Mills, president and chief executive officer of Columbia Property
Trust. “Similar to what we‘ve achieved on the West Coast with Dave
Dowdney and our strong team in San Francisco, Adam will help us
strengthen our management capabilities as well as expand our
relationships and opportunities in these key eastern markets.”
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
December 31, 2015, our $5+ billion portfolio included 27 office
properties containing 13.7 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 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.
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Columbia Property Trust, Inc.
Tripp Sullivan, 615-760-1104
IR@columbiapropertytrust.com
or
Jim
Fleming, 404-465-2200
Source: Columbia Property Trust, Inc.