City Office REIT Aims For $115M IPO

Law360, New York (January 8, 2014, 4:03 PM EST) -- Private equity-controlled City Office REIT Inc. is pursuing an initial public offering of common stock to raise $115 million, the company said in regulatory documents filed Tuesday.

City Office, managed by Vancouver, British Columbia, private equity fund Second City Capital Partners, intends to qualify as a real estate investment trust for tax purposes, according to a prospectus filed with the U.S. Securities and Exchange Commission. The company did not specify how many shares it would offer or at what price, but it said its charter prohibited...
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