Pacific Investment Management Company completed the acquisition of Columbia Property Trust for $3.9bn.

Pacific Investment Management Company, a global investment management firm focusing on active fixed income management, completed the acquisition of Columbia Property Trust, a real estate investment trust company, for $3.9bn. "Today’s announcement represents the result of a comprehensive strategic review process and demonstrates the value and stability of Columbia’s portfolio, the resiliency of our platform, and the capabilities of our team," Nelson Mills, Columbia President and CEO.