Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 228

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 228
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 pro forma adjustments remove the actual historical revenue and expenses for the six-monthperiod ended June 30, 2025 and year ended December 31, 2024 related to the operations of the Phoenix Portfolio under the Company’s ownership. The impairment of real estate recognized in the City Office REIT Historical Statement of Operations for the six-monthperiod ended June 30, 2025 was recorded to reduce the carrying amount of the Phoenix Portfolio to its estimated fair value less cost to sell upon classification of the Phoenix Portfolio as held for sale. No pro forma adjustment has been included to remove the effect of this nonrecurring item. (BB) This pro forma adjustment reflects a loss on disposition of $102.2 million (which is equal to the impairment of real estate recorded in the City Office REIT Historical Statement of Operations for the six-monthperiod ended June 30, 2025) as if the Phoenix Portfolio disposition occurred on January 1, 2024.

Exhibit 99.2

City Office REIT Announces First Closing of Phoenix Portfolio Sale

VANCOUVER—August 15, 2025 —City Office REIT, Inc. (NYSE: CIO) (the “Company,” “City Office,”
“we” or “our”) announced today that it has completed the first closing in the sale of its Phoenix portfolio for gross sale proceeds of $266 million. The sale represents six of the Company’s seven properties located
in Phoenix. The Company’s Pima Center property continues to be under contract at a $30 million gross sales price. Pima Center is expected to close at a later date, subject to the Company obtaining certain approvals related to the
property’s ground lease.

The sale transaction was previously announced in a press release and in a filing made by the Company on
Form 8-K on July 24, 2025. The completion of this first closing of the Phoenix portfolio satisfies a closing condition in the merger agreement, dated July 23, 2025, between the Company and MCME
Carell Holdings, LP and MCME Carell Merger Sub, LLC (the “Merger Agreement,” and the merger contemplated thereby, the “Transaction”) requiring the sale of certain Phoenix properties as more thoroughly described in the filing
made by the Company on Form 8-K on July 24, 2025.

About City Office REIT, Inc.

City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating office properties located
pred