VANCOUVER, British Columbia,
April 21, 2014 /PRNewswire/ -- City
Office REIT, Inc. (the "Company"), a real estate company formed to
acquire, own and operate high-quality office properties located
within its specified target markets, which are located in
metropolitan areas in the Southern and Western United States, announced today the
closing of its initial public offering of 5,800,000 shares of its
common stock at a public offering price of $12.50 per share for total gross proceeds of
$72.5 million. The Company's
common stock began trading on the New York Stock Exchange under the
symbol "CIO" on April 15,
2014.
Janney Montgomery Scott LLC, Wunderlich Securities, Inc. and
Oppenheimer & Co. Inc. were joint book-running managers for the
offering.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
April 14, 2014. The offering was made
solely by means of a prospectus, copies of which may be obtained
from:
Janney Montgomery Scott LLC, Attention: Equity Capital Markets
Group, 60 State Street, 35th Floor, Boston, MA 02109, or by email at
prospectus@janney.com, Wunderlich Securities, Inc., Attention:
Equity Syndicate, 6000 Poplar Avenue, Suite 150, Memphis, TN 38119, or by email at
syndicate@wundernet.com, or Oppenheimer & Co. Inc., Attention:
Syndicate Prospectus Department, 85 Broad Street, 26th Floor,
New York, NY 10004, or by
telephone at (212) 667-8563 or email at
EquityProspectus@opco.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of, or
any solicitation of an offer to buy, these securities in any state
or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About City Office REIT, Inc.
City Office REIT, Inc. is a real estate company formed to
acquire, own and operate high-quality office properties located
within our specified target markets, which are located in
metropolitan areas in the Southern and Western United States.
The Company owns six office complexes comprised of 16 office
buildings with approximately 1.85 million square feet of net
rentable area in the metropolitan areas of Boise (ID), Denver (CO), Portland (OR), Tampa (FL), Allentown (PA) and Orlando (FL). The Company intends to elect to
be taxed as a real estate investment trust (REIT) for U.S. federal
income tax purposes.
Contact
City Office REIT, Inc.
Anthony Maretic
+1-604-806-3366
investorrelations@cityofficereit.com
SOURCE City Office REIT, Inc.