ATLANTA--(BUSINESS WIRE)--
Columbia
Property Trust, Inc. (NYSE: CXP) announced today that it has elected
Constance B. Moore as a member of the Board of Directors effective
November 10, 2017, which will bring the Board’s membership to 11
directors, ten of whom are independent.
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Connie Moore has been appointed as a member of the board of directors for Columbia Property Trust (NYSE: CXP). (Photo: Business Wire)
Ms. Moore has more than 40 years of experience in the real estate
industry. She served as president and chief executive officer of BRE
Properties, Inc., a former public REIT, from 2005 until the completion
of its merger with Essex Property Trust in 2014, and served as a member
of BRE’s board of directors from 2002 until 2014. Previously, she was
the managing director of Security Capital Group & Affiliates, where,
from 1993 to 2002, she held several executive positions, including
co-chairman and chief operating officer of Archstone Communities Trust,
also a public REIT. She held the same position at Security Capital
Atlantic, Inc., a predecessor of Archstone, playing an instrumental role
in its initial public offering. During her tenure at Security Capital
Group, she served on the boards of directors of both public and private
companies owned or controlled by that organization.
Ms. Moore was the 2009 chair of the National Association of Real Estate
Investment Trusts and is the current chair of the San Jose State
University Tower Foundation and of the Policy Advisory Board for the
Fisher Center for Real Estate & Urban Economics at UC Berkeley, as well
as a member of the board of directors of the Haas School of Business at
UC Berkeley. Ms. Moore is also a trustee and governor of the Urban Land
Institute and a member of the ULI Foundation and Global Boards, and is a
member of the board of directors of Bridge Housing Corporation and a
member of the International Women’s Forum of Northern California.
Ms. Moore currently serves on the board of directors for two public real
estate companies, including Civeo Corporation, where she is the chair of
its audit committee and a member of its compensation committee, and Tri
Pointe Group, where she is the chair of its compensation committee and a
member of its audit committee.
“With her depth of experience, Connie Moore is an ideal addition to
further enhance the leadership of our board,” said Nelson
Mills, president and CEO of Columbia Property Trust. “Not only has
she served as CEO and director of other successful public companies, she
has a long history of leadership in key real estate industry
organizations, primarily in one of our top two markets, San Francisco.
We look forward to her contributions to Columbia as we continue to serve
our investors.”
About Columbia Property Trust
Columbia Property Trust (NYSE: CXP) owns and operates Class-A office
buildings concentrated in high-barrier-to-entry, gateway markets. Its
portfolio includes 19 operating properties containing over nine million
square feet, primarily located in New York, San Francisco, and
Washington, D.C. Columbia carries an investment-grade rating from both
Moody’s and Standard & Poor’s. For more information, please visit www.columbia.reit.
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 share 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, 2016, 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/20171114005296/en/
Columbia Property Trust, Inc.
Media Contact:
Bud
Perrone, 212-843-8068
bperrone@rubenstein.com
or
Investor
Relations:
Matt Stover, 404-465-2227
IR@columbia.reit
Source: Columbia Property Trust, Inc.