AcquisitionJan 9, 2026Completed
🇺🇸 United States
COCity Office REIT, Inc.MCMCME Carell (Elliott Investment Management L.P. and Morning Calm Management, LLC)
Real Estate › REITs
Deal valueUndisclosed
AnnouncedJan 9, 2026
ConsiderationCash
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
A joint venture of Elliott and Morning Calm Management (MCME Carell) agreed to acquire City Office REIT for $7.00 per share in cash.
Deal rationale
The buyers aim to create value in the office REIT's portfolio and pursue US commercial real estate opportunities, believing in an office sector recovery.
AI-generated from the SEC filingCompletedReal Estate › REITsUnited StatesNorth America
Timeline
- AnnouncedJan 9, 2026Filing
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Cash |
Advisors
Buy-side
None listed
Sell-side
JSJLL SecuritiesRJRaymond James
Parties
Target
COCity Office REIT, Inc.
- Headquarters
- United States
- Ticker
- CIO
Acquirer
MCMCME Carell (Elliott Investment Management L.P. and Morning Calm Management, LLC)
- Headquarters
- United States
- Ticker
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