City Office REIT, Inc. ("CIO") is an internally managed real estate company focused on acquiring, owning and operating high-quality office properties located predominantly in Sun Belt markets. Our senior management team has extensive industry relationships and a proven track record in executing this strategy, which we believe provides a competitive advantage to our shareholders. We currently own 58 office buildings with a total of approximately 5.7 million square feet of net rentable area ("NRA") in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle and Tampa.
We believe that our markets possess a number of these characteristics:
Favorable economic growth trends
Growing populations with above-average employment growth forecasts
Large international, national and regional employers across diversified industries
Low-cost centers for business operations
Proximity to large universities and government offices
Increasing office occupancy and rental rate trends
Focused in Sun Belt Markets
Our markets possess attractive demographic growth trends and real estate fundamentals that we believe will outperform over time. Our cities attract employers and employees through vibrant, amenity-rich and transit-oriented urban environments. We have extensive experience acquiring properties in these markets and have a strong reputation for execution.