Goodwin Procter recently advised TIER REIT on the listing of its shares of common stock on the New York Stock Exchange (NYSE). Shares began trading on July 23 under ticker “TIER” and the company rang the opening bell at the NYSE that morning. In addition, Goodwin also advised the company on its announced tender offer to purchase up to $50 million shares of common stock. Additional information is available in the company’s press release.
TIER REIT, Inc. is a self-managed real estate investment trust focused on maximizing total return to stockholders through the combination of stock appreciation and income derived from a sustainable distribution. Based in Dallas, TIER REIT’s investment strategy is to acquire, develop and operate a portfolio of best-in-class office properties in select U.S. markets that consistently lead the nation in population and office-using employment growth.
The Goodwin team advising TIER was led by partner John Haggerty, and included partner Karen Turk, counsel Audrey Leigh and associate Arygrios Saccopoulos.
(photo credit: NYSE)