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TIER REIT is a real estate investment trust focused on commercial office real estate located in strategic markets throughout the U.S. The cornerstone of our investment philosophy is rigorous fiscal discipline blended with vision and creativity. As a result, our core portfolio is built on quality, well-managed properties in select markets, features unique assets and enables us to offer long-term benefits that we believe will enhance value over time. While we are a new name, our roots go deep. Formerly Behringer Harvard REIT I Inc., we now have the advantages of being an internally managed organization. We are focused on taking the steps needed to maximize our value to stockholders, create liquidity and lay the groundwork for future distributable cash flow. To achieve our vision, we act as strategic yet creative dealmakers. Our innovation and expertise gives us a significant advantage in a constantly changing market. Our portfolio includes approximately 19 million square feet of space in approximately 20 cities from coast-to-coast. And we will continue to create opportunities for tenants and stockholders alike by discovering and enhancing exceptional properties in our core markets including Texas, Chicago, Philadelphia, the District of Columbia, Charlotte and select other markets.
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