Columbia Property Trust, Inc. (NYSE:CXP) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01.Completion of Acquisition or Disposition of Assets
Columbia Property Trust, Inc. (the "Parent") is the general partner of Columbia Property Trust Operating Partnership, L.P. (the "Operating Partnership") and owns its assets and conducts its operations through the Operating Partnership and subsidiaries of the Operating Partnership. The Parent, the Operating Partnership and their consolidated subsidiaries are collectively referred to in this report as the "Company."
On October 11, 2017, the Company acquired 245-249 West 17th Street, two interconnected 12 and 6-story towers totaling 281,000 square feet of office and retail space, and 218 West 18th Street, a 12-story 166,000-square-foot office building, both in New York. These buildings were acquired for $514.1 million, exclusive of purchase price adjustments, from New York REIT, a publicly traded real estate investment trust. The purchase price was funded with cash on hand and borrowings under the Company's line of credit.
Item 8.01.Other Events.
On October 11, 2017 the Company issued a press release announcing the closing of this transaction as described in this Current Report on Form8-K. A copy of this press release is attached hereto as Exhibit99.1 and is incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits
(a)Financial Statements.
The required financial statements for the acquired properties described above will be filed in accordance with Rule 3-14 of Regulation S-X under cover of Form 8-K/A as soon as practicable, but in no event later than seventy-one days after the latest date on which the initial current report related to the acquisition could have been timely filed.
(b)Pro Forma Financial Information.
The required pro forma financial information for the acquired properties described above will be filed in accordance with Article 11 of Regulation S-X under cover of Form 8-K/A as soon as practicable, but in no event later than seventy-one days after the latest date on which the initial current report related to the acquisition could have been timely filed.
(c)Exhibits
COLUMBIA PROPERTY TRUST, INC. ExhibitEX-2.1 2 ex201psa201709.htm AGREEMENT Exhibit Exhibit 2.1CONTRACT OF SALEBetweenTHE ENTITIES SET FORTH ON SCHEDULE I ATTACHED HERETO,…To view the full exhibit click here
About Columbia Property Trust, Inc. (NYSE:CXP)
Columbia Property Trust, Inc. operates as a real estate investment trust (REIT) for federal income tax purposes. The Company conducts business through Columbia Property Trust Operating Partnership, L.P. (Columbia Property Trust OP), which acquires, develops, owns, leases and operates real properties through subsidiaries or through joint ventures. The Company owns and operates commercial real estate properties. The Company invests in office properties. The Company owns over 30 office properties and approximately one hotel, which contains approximately 13.3 million square feet of commercial space, located in over 10 states and the District of Columbia. The Company’s portfolio consists of a combination of multi- and single-tenant office properties located in Central Business District (CBD) and suburban areas.
