Columbia Property Trust Confirms Receipt of Unsolicited, Non-Binding Acquisition Proposal

NEW YORK--(BUSINESS WIRE)--Columbia Property Trust, Inc. (NYSE: CXP) today confirmed that it has just received this morning an unsolicited, non-binding proposal from Arkhouse Partners LLC (together with its affiliates, “Arkhouse”), AS8888 LLC, an entity of The Sapir Organization and 8F Investment Partners Pte. Ltd. (together with Arkhouse and Sapir, the “Arkhouse Group”) regarding their stated interest in acquiring all of the outstanding shares of Columbia for $19.50 per share in cash (the “proposal”). This non-binding proposal, which is the first received by the Company from the Arkhouse Group, is subject to due diligence, various conditions and lacks committed financing. Despite considerable efforts to engage with Arkhouse over the last several months, which the Company publicly addressed earlier this week, the Company first learned of this proposal of $19.50 per share this morning.