Like its name suggests, City Office REIT is a real estate investment trust that targets office properties in cities in the southern and western US. The Canada-based firm seeks to acquire, own, and operate office properties priced between $20 million and $50 million in a dozen target markets with growing populations and above average employment growth forecasts. Its holdings include six office complexes comprised of 16 buildings with a total of 1.85 million square feet of net leasable space in markets that include Denver, Portland, and Orlando and Tampa, Florida. City Office REIT, which was spun off by the real estate focused private equity fund Second City Group in late 2013, went public in the US in 2014.
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EMPLOYEES (This Site)
EMPLOYEES (All Sites)
- ASSETS (MIL USD) 1,157
REVENUE (MIL USD)
- TICKER SYMBOL CIO
- Year Started 2012
- Incorporated 2013
- FISCAL YEAR END DEC
- SALES GROWTH % 2.91%
- NET INCOME GROWTH 151.78%
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John McLernonChairman of the Board and Member of the Board of Directors