The board of Columbia Property Trust is seriously considering an unsolicited proposal to acquire the real estate investment trust for about $2.24 billion.
The Manhattan-based REIT allocated $2.4 million in strategic review costs for that purpose, according to its quarterly financial report.
CEO Nelson Mills said during an earnings call Thursday that Arkhouse Partners, which made the bid in mid-March, is “very much part of the process.”
“They have access to the data room and access to us and our advisers,” he said. “It’s always been a friendly, open dialogue.”