Investor Presentaiton
ACTIVE STEPS TO POSITION FOR LONG TERM SUCCESS
CITY OFFICE REIT
Enhancing portfolio through strategic renovations, focus on leasing and pruning non-core properties
2023/2024 ACTIVE APPROACH TO CREATING VALUE
☐ Strategic property and common area enhancements to optimally position the portfolio
☐ Tenant demand highest for well-amenitized, modern spaces
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Invest in ready-to-lease spec suites and vacancy conditioning to win greater leasing market share
☐ Inventory of 92,000 SF of completed spec suites, with approx. 67,000 SF under construction or planned for 2023/2024 (1)
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In active leasing discussions on approx. 27,000 SF of spec suites (2)
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Enhance cash flow through stabilization of recent acquisitions and lease-up of portfolio vacancy
☐ Strategically dispose of non-core assets
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Long term: acquisitions, strategic development and select redevelopment to a higher and better use
(1)
As of September 30, 2023
(2)
As of November 1, 2023
SanTan, Phoenix
Rooftop Deck, Bloc 83, Raleigh
5090 N 40th St, Phoenix
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