He served as the Chief Executive Officer, President and a director of Grubb & Ellis Company, or Grubb & Ellis, our former sponsor, from December 2007 to July 2008, and as the Chief Executive Officer, President and director of NNN Realty Advisors, a wholly owned subsidiary of Grubb & Ellis, from its formation in September 2006. Peters served as Executive Vice President and Chief Financial Officer of Triple Net Properties, Inc. from 2005 to 2006, having previously served as the company’s Executive Vice President and Chief Financial Officer from September 2004. Peters served as Senior Vice President, Chief Financial Officer and a director of Golf Trust of America, Inc. Prior to his work at GE Corporate, Peter served for six years as the President of GE Polymerland. Peters served as Executive Vice President and Chief Financial Officer of the Pacific Holding Company (LSR) in Los Angeles. Peters served as Senior Vice President and Chief Financial Officer of Castle & Cooke Properties, Inc. Between July 2004 and August 2005, she served as a Senior Project Analyst for Weyerhaeuser Realty Investors in Irvine, California. Houghton participated in mergers and acquisitions structuring and valuation at RSM Equi Co in Costa Mesa, California and business and intangible asset valuation at Bernstein, Conklin & Balcombe in Dallas, Texas. He is also a Board member of the Capital Bank, based in Charlotte NC and PGI, A Blackstone portfolio company. degree in Accounting and Finance from the University of Notre Dame and is a member of its Mendoza School of Business Advisory Council. De Wald is a Certified Public Accountant (inactive), and is a member of the California Society of Certified Public Accountants and the American Institute of Certified Public Accountants. degree in Social Sciences from Pittsburg State University and a M. degree in Health Administration from Washington University in St. has served as an independent director of the Company since October 2006. degree in Accounting and Finance from San Jose State University and is a member of the American Institute of Certified Public Accountants and California Society of Certified Public Accountants.
With a 2017 Annualized cash NOI of 2 Million, a Million increase could improve AFFO and prospects for a dividend increase drastically.Overall, I believe that Columbia Property Trust is a relatively safe company with a portfolio centered in CBD locations that should produce reliable lease revenues even in recessions, with easy to understand operations.Finally, I believe that the company is in very good shape to meet its now-reduced dividend obligations, and is poised to start increasing the dividend steadily due to its leasing activities.In the company's Investor Presentation, we see from this chart that there are 1.1M square feet of signed leases that have yet to contribute to cash NOI.Columbia Property stock trades at a cheap price relative to the value of their portfolio of properties.
High rate debt expiring in 20 lowering average cost of borrowing. Columbia Property Trust (NYSE: CXP) is a REIT that owns and leases offices in competitive Central Business Districts, with a focus in New York, San Francisco, and Washington D. The company began as an investment fund several years ago, buying vast amounts of suburban and single-tenant properties with high cap rates but little upside potential to rental income.Based on their Quarter 1 Supplemental Information, the company has a net debt of 950 Million, resulting in an enterprise value of roughly 3.6 Billion.With a shareholder's equity of 2.55 Billion, Columbia trades at a Price to Book value of just slightly over 1.I have no business relationship with any company whose stock is mentioned in this article. Peters has served as our Chairman of the Board since July 2006, Chief Executive Officer since April 2006 and President since June 2007. Peters served as director of NNN Apartment REIT, Inc. Peters served as President and Chief Executive Officer of G REIT, Inc. In addition to his work with GE’s global Olympic Sponsorship and interface with the NFL, while at GE Foss led a team to develop and implement growth strategies with a select group of GE’s strategic global customers, managed the Sales Force Effectiveness and Corporate Sales programs and managed the Government Selling program.In this article, I outline several metrics presented by Columbia Property Trust and why it could be a compelling buy.