Columbia Property Trust, Inc. (NYSE:CXP) announced today that David Dowdney, formerly of GE Capital Real Estate, has been appointed Senior Vice President, Western Region, effective June 27, 2014. In this role, Mr. Dowdney will oversee all transaction and investment management activities for the company in the western United States. He will be based in San Francisco, where he will establish a regional office.
“We are excited to welcome David Dowdney to the senior management team of Columbia Property Trust,” said Nelson Mills, President and Chief Executive Officer of Columbia Property Trust. “With David’s appointment and that of his Eastern Region counterpart, Brian Berry, we now have the leadership in place to advance our strategy for value creation in our key eastern and western U.S. markets. David brings extensive regional contacts and relationships to Columbia, as well as a long track record of success. I look forward to working with him as he leads our Western Region team to execute that strategy and position our existing assets there to maximize value for shareholders.”
Mr. Dowdney has nearly 20 years of commercial real estate experience, the majority concentrated in the Western U.S. He spent the last five years leading the 20-person professional team overseeing all leasing, asset management, and capital markets activities for GE Capital Real Estate’s 15 million square foot U.S. office/R&D portfolio. He also has led asset management and real estate strategy and transaction activities for Divco West Properties and Jones Lang LaSalle.
About Columbia Property TrustOne of the nation’s largest office REITs, Columbia Property Trust invests in high-quality commercial office properties in primary U.S. markets and has achieved an investment-grade rating from both Moody's and Standard & Poor’s rating services. Columbia Property Trust’s portfolio includes 44 properties, consisting of 60 operational buildings and comprising approximately 16.8 million square feet located in 13 states and the District of Columbia. For information about Columbia Property Trust, 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, 2013, 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV