M&A Deal Summary

Columbia Property Trust Acquires Normandy Real Estate Partners

On October 16, 2019, Columbia Property Trust acquired real estate company Normandy Real Estate Partners for 100M USD

Acquisition Highlights
  • This is Columbia Property Trust’s 1st transaction in the Real Estate sector.
  • This is Columbia Property Trust’s largest (disclosed) transaction.
  • This is Columbia Property Trust’s 1st transaction in the United States.
  • This is Columbia Property Trust’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2019-10-16
Target Normandy Real Estate Partners
Sector Real Estate
Buyer(s) Columbia Property Trust
Deal Type Add-on Acquisition
Deal Value 100M USD
Advisor(s) Moelis & Co. (Financial)
Goodwin Procter (Legal)

Target

Normandy Real Estate Partners

Morristown, New Jersey, United States
Normandy Real Estate Management is a real estate investment manager, developer and operator that targets equity and debt strategies focused on office and mixed-use assets in urban and transit-oriented markets in the Northeast and Mid-Atlantic region. Normandy utilizes its vertically integrated operating platform to enhance value through creative repositioning, financial structuring, intensive management, and capital investment. Since its founding in 2002, the firm has managed a series of discretionary real estate funds and joint ventures backed by some of the most prestigious institutional investors in the world.

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Buyer(S) 1

Buyer

Columbia Property Trust

Atlanta, Georgia, United States
Category Company
Sector Real Estate
Employees160
Revenue 301M USD (2020)
DESCRIPTION

Columbia Property Trust owns, operates and develops Class-A office buildings in high-barrier U.S. office markets, primarily New York, San Francisco, and Washington D.C. Columbia is deeply experienced in transactions, asset management and repositioning, leasing, and property management. It employs these competencies to grow value across its high-quality, well-leased portfolio of 17 properties that contain over seven million rentable square feet, as well as one property under development.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal