Columbia Property Trust has sought an advisor after the real estate investment trust was approached by multiple companies for an acquisition. The Atlanta-based firm, which owns a 19-property portfolio with 9 million square feet, has hired Morgan Stanley to consult for a possible acquisition after it was approached with several offers, according to Bloomberg. However, none of the offers appear promising, the outlet reported. By midday Thursday, the company’s stock climbed 5 percent to $24.73, […]
source https://therealdeal.com/2018/09/06/columbia-property-trust-hires-advisor-following-takeover-offer/
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