City Office REIT IPO raises $82 mln, board declares Q2 dividend
City Office REIT Inc (NYSE: CIO), a real estate company backed by Canadian private equity firm Second City Capital Partners, has completed its previously announced initial public offering, raising $82.3 million. Jamie Farrar, Second City managing director, told peHUB Canada that the firm retains around 39% post-IPO ownership in the company, which is focused on U.S.-based high-quality office properties. Farrar, who is also City Office REIT's CEO, also announced a board of directors' declaration of a second quarter dividend of $0.183, which accounts for part of the time the company has been public.
13 May 2014•3 mins read
