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City Office REIT, Inc. Announces Closing of its Initial Public Offering

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 [email protected], Wunderlich Securities, Inc., Attention: Equity Syndicate, 6000 Poplar Avenue, Suite 150, Memphis, TN 38119, or by email at [email protected], 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 [email protected].

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
[email protected]

SOURCE City Office REIT, Inc.

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