Oksenholt Capital Management LLC announced on October 7, 2025, that its Chief Executive Officer, Jon Oksenholt, sent a formal letter to the Chairman of the Board of City Office REIT, Inc. The letter outlined serious concerns regarding the company's leadership and performance.
Oksenholt Capital expressed strong opposition to the proposed merger with affiliates of Elliott Capital, characterizing the offer as 'lowball'. The activist investor called for new leadership and a strategic restructuring of City Office REIT.
The letter identified several issues related to City Office REIT's current management, indicating a significant challenge to the company's ongoing strategic direction and the pending merger transaction.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.