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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