City Office Reit, Inc., was founded in Maryland on November 26, 2013. The company is a new type of organization, externally managed and acquired by the Maryland company, which owns and operates high-quality office buildings in its designated target market in the United States. At present, 11 target markets have been identified, located in the southern and western urban areas of the United States. The company believes that its most basic attributes are high-quality assets — providing high-quality transportation, in affluent communities, with extensive infrastructure and maintenance systems nearby. The company also believes that its fundamental attribute is a stable and diverse tenant base, including federal and various state government agencies, national and regional businesses. It exchanges entity ownership for common equity units and cash.
