Columbia Investor Day
NORMANDY ACQUISITION HIGHLIGHTS
Under contract to acquire Normandy Real
Estate Management, a reputable Northeast-
based commercial real estate operator and
fund sponsor.
.
Acquisition includes Normandy's:
Operating platform
Management businesses and
corresponding fee streams.
~$3.5 million GP stake in Normandy's
Funds III and IV
Consideration reflects approximate nominal
value of $100 million1
Finn Wentworth expected to join Columbia
board; Jeff Gronning, Gavin Evans, Paul Teti
and other Normandy Partners to join
Columbia's senior leadership team
Transaction expected to close at or shortly after
YE2019
LEASING &
ASSET
CONSTRUCTION
MANAGEMENT
PROPERTY
MANAGEMENT
ACQUISITIONS
& DISPOSITIONS
JOINT
VENTURE
MANAGEMENT
+
DEVELOPMENT
+
FUND
MANAGEMENT
FINANCE &
ACCOUNTING
EXPECTED BENEFITS:
■ Expanded Platform
Enhanced Execution
■ Greater Capital Access
◉
Augmented Growth Strategy
■ Accretive Transaction
1Exclusive of transaction and closing costs; includes $86.5 MM convertible preferred OP units at $26.50 strike price (same dividend as common stock) and $13.5 MM cash.
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