Investor Presentaiton
PORTFOLIO WITH PREMIER PROPERTIES
CITY OFFICE REIT
Recently acquired $614 million of properties in Raleigh, Phoenix and Dallas
Best-in-class properties: superb locations, new construction, leading amenities and modern tenant spaces
Strong tenancies with long weighted average lease terms, generating long-term, stable cash flow
CASILLA
BLOC 83, RALEIGH (DECEMBER 2021)
$330 million / 495,000 square feet / 81% leased (1) / ~5.2% expected year 3 cash NOI cap rate
Located in the pre-eminent live-work-play district of downtown Raleigh, highly walkable
Newly constructed with modern, high-end tenant buildouts and amenities
BLOCK 23, PHOENIX (DECEMBER 2021)
$150 million / 307,000 square feet / 94% leased (1) / ~5.3% expected year 1 cash NOI cap rate (2)
Located in the heart of downtown Phoenix's most vibrant, walkable district
New-build construction and top-of-the line on-site amenities, including rooftop amenity deck
THE TERRACES, DALLAS (DECEMBER 2021)
$134 million / 173,000 square feet / 99% leased (1) / ~5.2% expected year 1 cash NOI cap rate (2)
Located in the high barrier to entry Preston Center submarket, walkability to surrounding amenities
Newest building in the submarket, certified LEED Gold, best-in-class tenant suite finishes
(1)
As of March 31, 2022, includes leases signed but not yet in occupancy
(2) Year 1 cash NOI cap rate includes bridge rent paid for by seller
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