City Office REIT appoints Michael Mazan to its Board as Independent Director and announces John Sweet as new Chairman

– CANADA, Vancouver –  City Office REIT, Inc. (NYSE: CIO) today announced the appointment of Michael Mazan to its Board as an Independent Director, effective immediately.

The Board has also approved the appointment of Board member John Sweet as Chairman of the Board of Directors, effective today, succeeding John McLernon who remains on the Board as an Independent Director.

Mr. Mazan will join the Audit Committee as its Chairman.

The company also announced that William Flatt has stepped down from the Board, effective today.

About John Sweet

John Sweet has served as an Independent Director of the Company since 2017 and is currently the Chairman of the Investment Committee.

About Michael Mazan

Mr. Mazan joins the Board with over 30 years of experience in investing, management consulting, and investment banking. Currently, Mr. Mazan serves as a founding partner of KingsPeak Partners, a boutique private equity investment firm. Before that, from 1999 to 2018, Mr. Mazan was a partner at Birch Hill Equity Partners, a leading private equity firm, where he was responsible for all parts of the investment lifecycle, with a focus on portfolio company building and governance. From 1992 to 1999, Mr. Mazan held various finance and consulting roles at prominent firms, including Credit Suisse First Boston and McKinsey and Company. Mr. Mazan also has extensive experience serving as a director for various private and publicly listed companies, having served on 12 boards during his career.

About City Office REIT, Inc.

City Office REIT is an internally-managed real estate company focused on acquiring, owning, and operating high-quality office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 6.0 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.

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