VANCOUVER, Dec. 23, 2014 /PRNewswire/ -- City Office
REIT, Inc. (NYSE: CIO) (the "Company"), announced today that in
connection with its public offering, the underwriters have
exercised their overallotment option to purchase an additional
512,664 shares of its common stock at the public offering price of
$12.50 per share, less underwriting
discounts.
As previously disclosed, net proceeds from this offering will be
used to redeem a portion of the common stock of City Office REIT,
Inc. and common units of City Office REIT Operating Partnership,
L.P. held by certain Second City entities.
Janney Montgomery Scott LLC, Wunderlich Securities, Inc. and
Oppenheimer & Co. Inc. were joint book-running managers for the
offering. Compass Point Research & Trading, LLC and
D.A. Davidson & Co. were
co-managers for the offering.
About City Office REIT, Inc.
City Office REIT, Inc. is a real estate company focused on
owning high-quality office properties in attractive markets
primarily in the Southern and Western United States. City
Office REIT currently owns or has an interest in 2.3 million square
feet of office properties. 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
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/city-office-reit-inc-announces-exercise-of-underwriters-overallotment-option-300013682.html
SOURCE City Office REIT, Inc.