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CIO
City Office Reit, Inc. - NYSE

4/17/2014, 9:03 PM ET
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  • IPO Preview: City Office REIT
    IPOdesktop Fri, Apr. 11 1 Comment

    Summary

    • Newly-organized Maryland REIT formed on November 26, 2013 to acquire, own and operate high-quality office properties.
    • No target payout.
    • Per share dilution on the IPO is $10.43 which is high relative to the price range mid-point of $15.
  • City Office REIT IPO Might Not Be The Best Use Of Portfolio Space
    Don Dion Thu, Apr. 10

    Summary

    • CIO, a REIT newly organized to acquire office properties in specific markets in the US, plans to raise $100.0 million in its upcoming IPO.
    • CIO offer 6.7 million shares at an expected price range of $14-$16 per share, aiming for a market value of $190 million.
    • Given CIO's dependence on the continued growth of the economy and top tenants (worth 60% of revenue), we are uncertain of CIO's future success and suggest investors take caution.
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Company Description

City Office REIT, Inc. is a newly organized, externally managed Maryland corporation formed to acquire, own and operate office properties located within a specified target markets, located in metropolitan areas in the Southern and Western United States.

Sector: Financial
Industry: REIT - Office
Country: United States
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