VANCOUVER, Sept. 12, 2017 /PRNewswire/ -- City Office
REIT, Inc. (NYSE: CIO) ("City Office") announced today that it has
completed its preliminary assessment at its Tampa and Orlando properties and they have incurred only
minimal damage as a result of Hurricane Irma. The Company
expects that all damage will be insurable under its insurance
policies subject to a standard deductible.
"We are grateful that our tenants and our team is safe and that
we only incurred minimal damage to our properties," stated
James Farrar, Chief Executive
Officer. "Early last week, we initiated our hurricane
preparation procedures to reduce potential damage. Our team
was well prepared and performed exceptionally well under
challenging circumstances. All of our buildings are either
open for business or are expected to open over the next few days as
regional power is restored. We wish to thank the emergency
responders and the citizens of these cities for their calm and
prudent behaviors during a tense situation."
About City Office REIT, Inc.
City Office REIT is an internally-managed real estate company
focused on acquiring, owning and operating high-quality office
properties located in leading markets in the Southern and
Western United States. City Office
currently owns or has a controlling interest in 4.4 million square
feet of office properties. Additional information about City Office
is available on the Company's website at www.cityofficereit.com.
The Company has elected to be taxed as a real estate investment
trust for U.S. federal income tax purposes.
Contact
City Office REIT, Inc.
Anthony Maretic, CFO
+1-604-806-3366
investorrelations@cityofficereit.com
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SOURCE City Office REIT, Inc.