City Office REIT, Inc. (NYSE:CIO) announced on January 13, 2017 the closing of its underwritten public offering of 5.75 million shares of its common stock at a public offering price of $12.40 per share for total gross proceeds of $71.3 million. City Office REIT intends to use the net proceeds from the offering for the acquisition of office properties, the repayment of amounts outstanding under its secured credit facility and general working capital purposes, including funding future acquisitions and investments.
City Office REIT, Inc. is an internally managed real estate company. The Company is focused on acquiring, owning and operating office properties located predominantly in the Sun Belt markets. The Company owns about 24 properties comprised of 58 office buildings with a total of approximately 5.7 million square feet of net rentable area (NRA) in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle and Tampa. The Company's properties include The Terraces, 2525 McKinnon, Block 23, Pima Center, Canyon Park, Mission City, AmberGlen, Cascade Station, Bloc 83, Greenwood Blvd, Central Fairwinds, Florida Research Park, Denver Tech, Circle Point, Superior Pointe, Carillon Point, Intellicenter, City Center, Park Tower, Papago Tech, The Quad, Camelback Square, 5090 N 40th St, and SanTan among others.
CITY OFFICE REIT, INC. 
