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News Apr 25, 2014

Shearman & Sterling Advises City Office REIT, Inc. in its Initial Public Offering

Shearman & Sterling represented City Office REIT, Inc. in its $72.5 million initial public offering of common stock on the New York Stock Exchange. City Office REIT Inc., a newly organized corporation formed to acquire, own and operate high-quality office properties located within the United States, was sponsored by Canadian private equity firm Second City Capital Partners, a multi-fund private equity firm that invests in real estate and conventional private equity. Janney Montgomery Scott LLC, Wunderlich Securities, Inc. and Oppenheimer & Co. Inc. acted as joint bookrunning managers for the offering.

The Shearman & Sterling team includes partners Stephen Giove (New York-Capital Markets), Laurence Crouch (Palo Alto-Tax), John Opar (New York-Real Estate), and Robert Evans (New York-Capital Markets); counsel Daniel Stellenberg (Palo Alto-Executive Compensation & Employee Benefits); and associates Christine Kim (New York-Capital Markets), Nicholas Moulton (New York-Capital Markets), James Cotton (New York-Capital Markets), Alan Sun (New York-Corporate), Derek Kershaw (New York-Tax) and Gita Gandhi (New York-Real Estate).