Elliott and Morning Calm Complete $1.1B Take-Private of City Office REIT
Value
$1.1B
Location
Portfolio (Sun Belt markets), Multiple, Multiple
Date
2026-01-09
Companies
MCME Carell Holdings, Elliott Investment Management, Morning Calm Management, City Office REIT Inc., Eastdil Secured, Gibson Dunn & Crutcher LLP, Raymond James & Associates, Jones Lang LaSalle Securities, DLA Piper, Hogan Lovells US LLP
MCME Carell, a joint venture between Elliott Investment Management and Morning Calm Management, completed the acquisition of City Office REIT (NYSE: CIO) for $7.00 per share in an all-cash transaction valued at approximately $1.1 billion. The deal, which received more than 98% shareholder approval, took the publicly traded office REIT private. City Office REIT owns high-quality office assets primarily in Sun Belt markets. Morning Calm Management manages approximately 11 million SF of commercial real estate on behalf of institutional and private capital.
Source
Business Wire