City Office REIT Inc Annual Shareholders Meeting Transcript
Hello, and welcome to the 2022 City Office REIT Annual Meeting of Shareholders. Please note that this meeting is being recorded. It is my pleasure to now turn the meeting over to Chairman of the Board, John McLernon. Mr. McLernon, the floor is yours.
All right. Good morning, and welcome to the 2022 Annual Meeting of Stockholders of the City Office REIT, Inc. I'm John McLernon, Chairman of the Board of Directors of the company, and I will act as Chairman of this meeting.
2021 was a transformational year for the company. The company's focus on driving leasing transactions and executing strategic transactions to unlock value led to the sale of the company's life science portfolio in San Diego for $576 million, generating a gain of the sale of $429 million. The company also acquired approximately $614 million of premier properties in the south and west, including the company's first acquisition in Raleigh, south -- North Carolina.
Despite challenging macroeconomic
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