City OfficeREIT Inc. said it issued 3,126,084 shares of common stock followinga redemption request from certain limited partners of its operating partnership.
The shares, which have a par value of 1 cent apiece, wereissued in connection with the limited partners' redemption of 3,126,084 unitsin the operating partnership. The units were originally issued to certainaffiliates of Second City Capital Partners II LP as part of City Office REIT'sefforts to go public.Second City Capital Partners II is a real estate focused private-equity fund.
The company added that it appointed Jeffrey Kohn to itsboard of directors, effective immediately. Kohn is president and principalpartner of MDC Property Services Ltd.