VANCOUVER, March 7, 2019 /PRNewswire/ -- City Office
REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") today
announced the appointment of Sabah Mirza to its Board of
Directors.
Ms. Mirza joins the Board of Directors with over 20 years of
legal, corporate governance and securities experience, most of
which have been spent as in-house counsel across diverse
industries, including aviation, defense and travel and
leisure. Ms. Mirza is currently Executive Vice President,
Business Affairs at Sunwing Travel Group, the largest tour operator
in North America with over
$2 billion in annual revenue. In this
role, she has oversight of the legal, governance, acquisition and
government affairs functions of the company. Ms. Mirza was
key to the establishment of Sunwing's hotel division in 2010, which
now comprises over $700 million in
real estate assets and over 15,000 rooms under management across
ten countries. Previously, Ms. Mirza was Vice President &
General Counsel at a charter airline, and prior to that she was
Vice President and Division Counsel at a subsidiary of L-3
Technologies. Ms. Mirza holds law degrees from the
University of Ottawa.
"The Board of Directors is thrilled to welcome Sabah to the Company," said John
McLernon, Chairman of the Board. "Sabah has tremendous experience, and her
diverse expertise in both legal and operating capacities brings a
unique and additive perspective to our Board."
With the addition of Ms. Mirza as an Independent Director, the
Company's Board will consist of seven Directors, six of whom the
Board has determined meet the independence standards of the NYSE
Listed Company Manual and the Company's corporate governance
guidelines.
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 18-hour cities in the Southern and
Western United States. City Office currently owns or has an
interest in 5.7 million square feet of office properties. The
Company has elected to be taxed as a real estate investment trust
for U.S. federal income tax purposes.
Forward-looking Statements
This press release contains "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995 and other federal
securities laws. All statements that are not statements of
historical facts are, or may be deemed to be, forward-looking
statements. These factors include, but are not limited to,
the Company's ability to source, acquire and close on properties on
the terms it expects, or at all; the Company's expectations and
forecasts of its cash flows and future leasing activity at its
current and future properties, and the Company's ability to
accurately model the income yield, capitalization rate, and other
financial metrics used to evaluate its properties. These and other
material risks are described in the Company's Annual Report on Form
10-K for the year ended December 31,
2018 and any other documents filed by the Company from time
to time, which are available from the Company and from the SEC, and
you should read and understand these risks when evaluating any
forward-looking statement. The Company does not have any obligation
to publicly update any forward-looking statements to reflect
subsequent events or circumstances.
Contact
City Office REIT, Inc.
Anthony Maretic, CFO
+1-604-806-3366
investorrelations@cityofficereit.com
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SOURCE City Office REIT, Inc.