– USA, GA – Columbia Property Trust, Inc. (NYSE:CXP) announced that Michael S. Robb and Glenn J. Rufrano have been appointed to the Company’s Board of Directors effective January 1, 2015, which will bring the Board’s membership to eleven directors, of whom ten are independent.
“We are excited to welcome these two real estate veterans to our board,” said Nelson Mills, President and CEO of Columbia Property Trust. “Mike and Glenn bring a wealth of expertise, relationships and public company experience, and we look forward to their leadership as we continue executing our strategy to improve our portfolio and establish a significant and competitive presence in our targeted markets.”
Mike Robb retired in 2012 as Executive Vice President of the Real Estate Division of Pacific Life Insurance Company, a division he led for 27 of his total 37 years with the company. At his retirement, Pacific Life’s real estate portfolio was valued at over $28 billion. Mr. Robb currently serves as a board member of Morguard Corporation, a Canadian public real estate company. He also is an Executive Director for The Center for Real Estate at The Paul Merage School of Business at the University of California, Irvine, and on the Policy Advisory Board at the Fisher Center for Real Estate and Urban Economics at the University of California at Berkeley.
Glenn Rufrano has served as Chairman and Chief Executive Officer of O’Connor Capital Partners, a privately owned real estate investment, development, and management firm based in New York City, since late 2013. Previously, he led Cushman & Wakefield, Inc., for three years as President and Chief Executive Officer, and earlier served as CEO of both Australia-based Centro Properties Group and the predecessor company to publicly-listed retail REIT Excel Trust. Mr. Rufrano is a director of Ventas, a publicly-listed healthcare REIT, and a past director for Trizec Properties, Inc., a former publicly-listed office REIT later acquired by Brookfield Office Properties. In addition, he serves on the advisory boards of New York University’s Real Estate Institute and The City of New York University’s Baruch College.
About Columbia Property Trust
Columbia Property Trust, a publicly traded REIT, invests in high-quality commercial office properties in primary markets nationwide and has achieved an investment-grade rating from both Moody’s and Standard & Poor’s rating services. As of September 30, 2014, Columbia Property Trust’s portfolio consisted of 36 office properties and one hotel, which included 57 operational buildings and comprised approximately 16.8 million square feet located in 12 states and the District of Columbia.
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