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.
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.
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.