MCME Carell (Elliott & Morning Calm) Completes Take-Private Acquisition of City Office REIT

January 9, 2026

A joint venture, MCME Carell — an affiliate of Elliott Investment Management and Morning Calm Management — completed its previously announced acquisition of City Office REIT, Inc. for $7.00 per share, taking the REIT private. The buyers said the transaction reflects an opportunistic investment to create value across City Office REIT's office portfolio amid broader sector dislocation.

Buyers
MCME Carell, Elliott Investment Management L.P., Morning Calm Management, LLC
Targets
City Office REIT, Inc.
Sellers
Public shareholders of City Office REIT
Industry
Real Estate
Location
British Columbia, Canada
Transaction Type
Buyout

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