NREI WIRE
Nelson Mills

Columbia Property Trust Still Sees Rent Growth Potential in Gateway Markets

Columbia just completed a three-year transition plan involving the disposition of $3.3 billion in assets.

Nelson Mills, president and CEO of Columbia Property Trust, joined REIT.com for a video interview at REITWeek 2017: NAREIT’s Investor Forum at the New York Hilton Midtown.

Columbia sold $500 million of assets in the first half of the year, completing a three-year transition in which it disposed of $3.3 billion in assets, Mills said. While Columbia still has three properties in its portfolio that are not located in its core markets, there are no plans to sell them this year, he added.

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