{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-145335","form_type":"8-K","ticker":null,"cik":"0001593222","company_name":"City Office REIT, Inc.","filed_at":"2023-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.575138+00:00","generated_at":"2026-06-14T23:41:17.040598+00:00","sec_items":["2.04","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"CIO 190 LP consents to receiver; $41.25M loan in default on Richardson, TX property","bullets":["Subsidiary CIO 190 LP consented to appointment of receiver for 190 Office Center after Event of Default under a $41.25M loan.","Loan originally from 2015 is secured by the property and is non-recourse to City Office REIT except customary exceptions.","Company previously recorded a $6.9M impairment for the asset in FY2022 and expects no material future liabilities or gain/loss.","Receiver now has full possession and control of the office property; noteholder may accelerate the outstanding amount."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-145335","json":"https://secwatch.observer/filing/0001193125-23-145335.json","markdown":"https://secwatch.observer/filing/0001193125-23-145335.md","text":"https://secwatch.observer/filing/0001193125-23-145335.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1593222/000119312523145335/0001193125-23-145335-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1593222/000119312523145335/d490258d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T23:41:17.040598+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e65faa4e7de3c405b1d9c5b76e071c3bd89ccc59","claim":"City Office REIT, Inc. faced acceleration on loan of original principal amount of $41,250,000 with Wilmington Trust, National Association, as Trustee for Morgan Stanley Bank of America Merrill Lynch Trust 2015-C27, Commercial Mortgage Pass-Through Certificates, Series 2015-C27.","evidence_excerpt":"was consented to by CIO 190 and the Plaintiff, a receiver was appointed to assume full possession and control of 190 Office Center. The Loan, in the original principal amount of $41,250,000 is secured by 190 Office Center. The Loan Agreement provides that amounts outstanding thereunder may be accelerated by the noteholder upon an Event of Default. The Loan Agreement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1593222/000119312523145335/0001193125-23-145335-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"original principal amount of $41,250,000"},{"label":"Counterparty","value":"Wilmington Trust, National Association, as Trustee for Morgan Stanley Bank of America Merrill Lynch Trust 2015-C27, Commercial Mortgage Pass-Through Certificates, Series 2015-C27"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}