Exec Adam Popper is out at Columbia Property Trust

REIT confirms departure during earnings call

TRD New York /
February 16, 2018 06:07 PM

Adam Popper

Adam Popper is no longer at Columbia Property Trust, the company confirmed during its fourth-quarter earnings call on Thursday.

Popper, who joined the real estate investment trust in February 2016, was in charge of investments and asset management in the eastern U.S.

It wasn’t immediately clear why Popper left, whether he was fired, or whether he is moving to another company. He could not immediately be reached for comment.

“Adam worked with us for couple of years, served us well, great member of the team but we have … parted ways,” the firm’s CEO Nelson Mills said during the call. “We are interviewing candidates, exploring various options … Hopefully, we’ll fill one or two positions in New York in the near term.”

Prior to joining Columbia, Popper served as managing principal at Westbrook Partners and as director of U.S. office acquisitions at Vornado Realty Trust, following previous stints at Beacon Capital Partners and Tishman Speyer.

In October, Columbia Property went into contract to buy two Chelsea office buildings from New York REIT for $515 million. Prior to that deal, Columbia Property had acquired $1.7 billion worth of Manhattan properties between 2015 and 2017, according to Real Capital Analytics data.

Related Article

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Real estate titans … and their toys

Developer seeks $40M for Opportunity Zone site in downtown Newark