Columbia Property Trust, Inc. (CXP): 40 North Management Sells Over A Million Shares

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Page 10 of 13 SEC Filing
CUSIP No. 198287203 Page 10 of 13 Pages

During the last five years, none of the Reporting Persons has been
convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or has been a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.

Item 3. Source and Amount of Funds or Other Consideration.

The responses to Items 4, 5 and 6 of this Schedule 13D are incorporated
herein by reference.

All of the Shares reported herein were
acquired by 40 North Latitude Feeder on September 1, 2015 via distributions from 40 North Investments LP and 40
North Investment Partners LP (other investment subsidiaries of 40 North Latitude Feeder), and then contributed by 40 North
Latitude Feeder to 40 North Latitude Master. All of such Shares were then contributed by 40 North Latitude Master to 40 North
Latitude SPV.  The total purchase price for the Shares reported herein was $183,426,494. All or part
of the Shares owned by the Reporting Persons may from time to time be pledged with one or more banking institutions or
brokerage firms as collateral for loans made by such bank(s) or brokerage firm(s) to the Reporting Persons. Such indebtedness
may be refinanced with other banks or broker-dealers.

Item 5. Interest in Securities of the Issuer.

(a) – (b). Each of 40 North Management, 40 North Latitude
SPV, 40 North Latitude Master, 40 North Latitude Feeder, 40 North GP III, Mr. Winter and Mr. Millstone
may be deemed the beneficial owner of all of the 7,363,842 Shares reported herein, which represent approximately 6.0% of the
Issuer’s outstanding Shares.  40 North Management may be deemed to have sole power to vote and sole
power to dispose of all of such Shares, whereas the other Reporting Persons may be deemed to have shared power to vote and
shared power to dispose of such Shares as they may be deemed to have beneficial ownership of.

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