on december 10 , 2014 , we completed a public offering pursuant to which we sold 3,750,000 of our common stock to the public at a price of $ 12.50 per share . we raised $ 46.9 million in gross proceeds , resulting in net proceeds to us of approximately $ 43.7 million after deducting approximately $ 2.6 million in underwriting discounts and approximately $ 0.6 million in other expenses relating to the offering . on december 23 , 2014 , the underwriters of the offering exercised their overallotment option to purchase an additional 512,664 shares of our common stock at the offering price of $ 12.50 a share resulting in additional gross proceeds to us of approximately $ 6.4 million resulting in net proceeds to us of $ 6.1 million after deducting approximately $ 0.3 million in underwriting discounts . the net proceeds were used entirely to redeem 336,195 common units and 176,469 common stock held by the operating partnerships ' non-controlling interest . on november 2 , 2015 , we and one of our newly-formed subsidiaries ( buyer sub ) entered into a stock purchase agreement ( stock purchase agreement ) with certain stockholders of city office real estate management inc. , and two personal holding companies that owned stock of city office real estate management inc. , pursuant to which buyer sub has acquired all of the outstanding stock of city office real estate management inc. the internalization closed as of february 1 , 2016. pursuant to the stock purchase agreement , on february 1 , 2016 we issued 297,321 shares of our common stock to the sellers , which included our three executive officers and samuel belzberg , a member of our board of directors . in addition , we expect to make cash payments to the sellers of up to $ 3.5 million pursuant to the stock purchase agreement if our fully diluted market capitalization reaches the following thresholds prior to december 31 , 2016 : $ 1 million upon achieving a $ 200 million fully diluted market capitalization , an additional $ 1 million upon achieving a $ 225 million fully diluted market capitalization and an additional $ 1.5 million upon achieving a $ 250 million fully diluted market capitalization ( in each case , including in the calculation of fully diluted market capitalization the value of common units held by parties other than us at a value per unit equal to the market price of our common stock ) . pursuant to the terms of the stock purchase agreement , the $ 1 million payment was triggered by the company achieving a $ 200 million fully diluted market capitalization based on its closing stock price on march 1 , 2016. the company expects this cash payment will be made to the sellers in march 2016. effective upon closing of the internalization , each of james farrar , our chief executive officer , gregory tylee , our president and chief operating officer and anthony maretic , our chief financial officer , secretary and treasurer , entered into an employment agreement with one of our subsidiaries and have become our employees . additionally , all other current employees of city office real estate management inc. as of february 1 , 2016 were hired by the company . in connection with the closing of internalization , one of our subsidiaries entered into an administrative services agreement ( the administrative services agreement ) with entities that manage real estate investment funds affiliated with second city capital ii corporation and second city real estate ii corporation ( the second city funds ) . james farrar , gregory tylee and one of our directors , samuel belzberg , are officers of the general partners of the second city funds and own equity interests in the second city funds . the administrative services agreement has a three year term . pursuant to the administrative services agreement , one of our subsidiaries provides various administrative services and support to the entities managing the second city funds . this subsidiary receives annual payments for these services under the administrative services agreement as follows : first 12 months $ 1.5 million , second 12 months $ 1.125 million and third 12 months $ 0.625 million , for a total of $ 3.25 million over the three-year term . in addition , following the expiration of the three year term of the administrative services agreement , we expect to make messrs. farrar and tylee available to assist the second city funds with respect to certain matters . we have elected to be taxed and to intend to continue to operate in a manner that will allow us to continue to qualify as a reit commencing with our taxable year ended december 31 , 2014. so long as we qualify as a reit , we will be permitted to deduct distributions paid to our stockholders , eliminating the u.s. federal taxation of income represented by such distributions at the company level . reits are subject to a number of 40 organizational and operational requirements . if we fail to qualify as a reit in any taxable year , we will be subject to u.s. federal income tax ( including any applicable alternative minimum tax ) on our taxable income at regular corporate tax rates . indebtedness in connection with the ipo and the related formation transactions , we , through our operating partnership , extinguished the mortgage loan secured by the central fairwinds property and completed a refinancing of three properties ( cherry creek , city center and corporate parkway ) with a new $ 95 million non-recourse mortgage loan and proceeds from the ipo . on april 29 , 2014 , our company , through our operating partnership , completed a $ 25.4 million refinancing of the amberglen property . following the formation transactions , the washington group plaza property remained subject to the existing mortgage loan . story_separator_special_tag however , as of december 31 , 2015 and december 31 , 2014 , we assessed the significance of the impact of the credit valuation adjustments on the overall valuation of the city office predecessor 's fixed rate debt and determined that the credit valuation adjustments are not significant to the overall valuation of the city office predecessor 's fixed rate debt . accordingly , mortgage loans payable have been classified as level 2 fair value measurements . new accounting pronouncements in may 2014 , the fasb issued asu no . 2014-09 , revenue from contracts with customers , which creates a new topic accounting standards codification ( topic 606 ) . the standard is principle-based and provides a five-step model to determine when and how revenue is recognized . the core principle is that a company should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which it expects to be entitled in exchange for those goods or services . this standard is effective for interim or annual periods beginning after december 15 , 2016 and allows for either full retrospective or modified retrospective adoption . early adoption of this standard is not allowed . we are currently evaluating the impact the adoption of topic 606 will have on our financial statements . in january 2015 , the fasb issued asu no . 2015-01 , income statementextraordinary and unusual items. asu 2015-01 eliminates the concept of extraordinary items . however , the presentation and disclosure requirements for items that are either unusual or in nature or infrequent in occurrence remain and will be expanded to include items that are both unusual in nature and infrequent in occurrence . asu 2015-01 is effective for periods beginning after december 15 , 2015. we do not anticipate any impact of adopting this new accounting standard on our financial statements . in february 2015 , the financial accounting standards board ( fasb ) issued accounting standards update ( asu ) 2015-02 , consolidation ( topic 810 ) amendments to the consolidation analysis , which 45 amends the criteria for determining which entities are considered variable interest entities ( vie ) , amends the criteria for determining if a service provider possesses a variable interest in a vie and ends the deferral granted to investment companies for application of the vie consolidation model . asu 2015-02 is effective for annual periods , and interim periods therein , beginning after december 15 , 2015. we are currently evaluating the impact the adoption of topic 810 will have on our financial statements . in april 2015 , the fasb issued asu 2015-3 , simplifying the presentation of debt issuance costs , which changes the presentation of debt issuance costs in financial statements . asu 2015-3 requires an entity to present such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset . amortization of the costs will continue to be reported as interest expense . asu 2015-3 is effective for annual reporting periods beginning after december 15 , 2016. early adoption is permitted . the new guidance will be applied retrospectively to each prior period presented . the company will adopt asu 2015-3 on january 1 , 2016 , and it is not expected to have a material impact on the company 's consolidated financial statements and disclosures . in september 2015 , the fasb issued asu 2015-16 , simplifying the accounting for measurement-period adjustments . the update requires that acquiring entities in a business combination recognize adjustments to provisional amounts identified in the reporting period in which the adjustment amounts are determined , including the cumulative effect of the change in provisional amount , as if the accounting had been completed at the acquisition date . adjustments related to previous reporting periods must be disclosed by income statement line item , either on the face of the income statement or in the notes , in the period for which the adjustment was identified . asu 2015-16 is effective for annual reporting periods beginning after december 15 , 2015. the company does not expect asu 2015-16 to have a material impact on the company 's consolidated financial statements and disclosures . in february 2016 , the fasb issued asu 2016-02 , leases . the update amends the existing accounting standards for lease accounting , including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting . the standard requires a modified retrospective transition approach for all leases existing at , or entered into after , the date of initial application , with an option to use certain transition relief . asu 2016-02 will be effective for annual reporting periods beginning after december 15 , 2018. early adoption is permitted . we are currently evaluating the impact of adopting the new leases standard on our consolidated financial statements . jobs act in april 2012 , the jobs act was enacted . section 107 of the jobs act provides that an emerging grown company ( egc ) can take advantage of the extended transition period provided in section 7 ( a ) ( 2 ) ( b ) of the securities act , for complying with new or revised financial accounting standards . an egc can therefore delay the adoption of certain accounting standards until those standards would otherwise apply to private companies . however , we have determined to opt out of such extended transition period and , as a result , we will comply with new or revised financial accounting standards on the relevant dates on which adoption of such standards is required for non-emerging growth companies . results of operations comparison of year ended december 31 , 2015 to year ended december 31 , 2014 the year ended december 31 , 2015 includes our consolidated results whereas the comparable period in 2014 are the combined results which includes the

cash flow to investing activities . net cash used in investing activities increased by $ 80.9 million to $ 175.5 million for the year ended december 31 , 2015 compared to $ 94.6 million for the same period in 2014. the net cash used in investing activities in the 2015 period was used to acquire the logan tower , superior pointe , dtc crossroads , 190 office center and intellicenter properties and enhance capital assets . cash flow from financing activities . net cash from financing activities increased by $ 20.1 million to $ 134.6 million for the year ended december 31 , 2015 compared to a $ 114.5 million for the same period in 2014. cash flow from financing activities increased primarily due to the plaza 25 , 190 office center and intellicenter mortgage loan and borrowings from the secured credit facility . results of operations comparison of year ended december 31 , 2014 to year ended december 31 , 2013 the year ended december 31 , 2014 includes our combined results for the period from april 21 , 2014 through december 31 , 2014 , and the results of the city office predecessor for the period from january 1 , 2014 through april 20 , 2014. the comparable period in 2013 pertain to the results of the city office predecessor only and accordingly may not be directly comparable due to the impact of the formation transactions on april 21 , 2014. we incurred a loss of $ 5 million since the date of ipo on april 21 , 2014 , which includes the loss on early 49 extinguishment of city office predecessor debt of $ 1.7 million . in the forthcoming comparison , we have highlighted the impact of the ipo and formation transactions where applicable . revenue total revenue . revenue includes net rental income , including parking , signage and other income , as well as the recovery of operating costs and property taxes from tenants .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flow to investing activities . net cash used in investing activities increased by $ 80.9 million to $ 175.5 million for the year ended december 31 , 2015 compared to $ 94.6 million for the same period in 2014. the net cash used in investing activities in the 2015 period was used to acquire the logan tower , superior pointe , dtc crossroads , 190 office center and intellicenter properties and enhance capital assets . cash flow from financing activities . net cash from financing activities increased by $ 20.1 million to $ 134.6 million for the year ended december 31 , 2015 compared to a $ 114.5 million for the same period in 2014. cash flow from financing activities increased primarily due to the plaza 25 , 190 office center and intellicenter mortgage loan and borrowings from the secured credit facility . results of operations comparison of year ended december 31 , 2014 to year ended december 31 , 2013 the year ended december 31 , 2014 includes our combined results for the period from april 21 , 2014 through december 31 , 2014 , and the results of the city office predecessor for the period from january 1 , 2014 through april 20 , 2014. the comparable period in 2013 pertain to the results of the city office predecessor only and accordingly may not be directly comparable due to the impact of the formation transactions on april 21 , 2014. we incurred a loss of $ 5 million since the date of ipo on april 21 , 2014 , which includes the loss on early 49 extinguishment of city office predecessor debt of $ 1.7 million . in the forthcoming comparison , we have highlighted the impact of the ipo and formation transactions where applicable . revenue total revenue . revenue includes net rental income , including parking , signage and other income , as well as the recovery of operating costs and property taxes from tenants .
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 Suspicious Activity Report : on december 10 , 2014 , we completed a public offering pursuant to which we sold 3,750,000 of our common stock to the public at a price of $ 12.50 per share . we raised $ 46.9 million in gross proceeds , resulting in net proceeds to us of approximately $ 43.7 million after deducting approximately $ 2.6 million in underwriting discounts and approximately $ 0.6 million in other expenses relating to the offering . on december 23 , 2014 , the underwriters of the offering exercised their overallotment option to purchase an additional 512,664 shares of our common stock at the offering price of $ 12.50 a share resulting in additional gross proceeds to us of approximately $ 6.4 million resulting in net proceeds to us of $ 6.1 million after deducting approximately $ 0.3 million in underwriting discounts . the net proceeds were used entirely to redeem 336,195 common units and 176,469 common stock held by the operating partnerships ' non-controlling interest . on november 2 , 2015 , we and one of our newly-formed subsidiaries ( buyer sub ) entered into a stock purchase agreement ( stock purchase agreement ) with certain stockholders of city office real estate management inc. , and two personal holding companies that owned stock of city office real estate management inc. , pursuant to which buyer sub has acquired all of the outstanding stock of city office real estate management inc. the internalization closed as of february 1 , 2016. pursuant to the stock purchase agreement , on february 1 , 2016 we issued 297,321 shares of our common stock to the sellers , which included our three executive officers and samuel belzberg , a member of our board of directors . in addition , we expect to make cash payments to the sellers of up to $ 3.5 million pursuant to the stock purchase agreement if our fully diluted market capitalization reaches the following thresholds prior to december 31 , 2016 : $ 1 million upon achieving a $ 200 million fully diluted market capitalization , an additional $ 1 million upon achieving a $ 225 million fully diluted market capitalization and an additional $ 1.5 million upon achieving a $ 250 million fully diluted market capitalization ( in each case , including in the calculation of fully diluted market capitalization the value of common units held by parties other than us at a value per unit equal to the market price of our common stock ) . pursuant to the terms of the stock purchase agreement , the $ 1 million payment was triggered by the company achieving a $ 200 million fully diluted market capitalization based on its closing stock price on march 1 , 2016. the company expects this cash payment will be made to the sellers in march 2016. effective upon closing of the internalization , each of james farrar , our chief executive officer , gregory tylee , our president and chief operating officer and anthony maretic , our chief financial officer , secretary and treasurer , entered into an employment agreement with one of our subsidiaries and have become our employees . additionally , all other current employees of city office real estate management inc. as of february 1 , 2016 were hired by the company . in connection with the closing of internalization , one of our subsidiaries entered into an administrative services agreement ( the administrative services agreement ) with entities that manage real estate investment funds affiliated with second city capital ii corporation and second city real estate ii corporation ( the second city funds ) . james farrar , gregory tylee and one of our directors , samuel belzberg , are officers of the general partners of the second city funds and own equity interests in the second city funds . the administrative services agreement has a three year term . pursuant to the administrative services agreement , one of our subsidiaries provides various administrative services and support to the entities managing the second city funds . this subsidiary receives annual payments for these services under the administrative services agreement as follows : first 12 months $ 1.5 million , second 12 months $ 1.125 million and third 12 months $ 0.625 million , for a total of $ 3.25 million over the three-year term . in addition , following the expiration of the three year term of the administrative services agreement , we expect to make messrs. farrar and tylee available to assist the second city funds with respect to certain matters . we have elected to be taxed and to intend to continue to operate in a manner that will allow us to continue to qualify as a reit commencing with our taxable year ended december 31 , 2014. so long as we qualify as a reit , we will be permitted to deduct distributions paid to our stockholders , eliminating the u.s. federal taxation of income represented by such distributions at the company level . reits are subject to a number of 40 organizational and operational requirements . if we fail to qualify as a reit in any taxable year , we will be subject to u.s. federal income tax ( including any applicable alternative minimum tax ) on our taxable income at regular corporate tax rates . indebtedness in connection with the ipo and the related formation transactions , we , through our operating partnership , extinguished the mortgage loan secured by the central fairwinds property and completed a refinancing of three properties ( cherry creek , city center and corporate parkway ) with a new $ 95 million non-recourse mortgage loan and proceeds from the ipo . on april 29 , 2014 , our company , through our operating partnership , completed a $ 25.4 million refinancing of the amberglen property . following the formation transactions , the washington group plaza property remained subject to the existing mortgage loan . story_separator_special_tag however , as of december 31 , 2015 and december 31 , 2014 , we assessed the significance of the impact of the credit valuation adjustments on the overall valuation of the city office predecessor 's fixed rate debt and determined that the credit valuation adjustments are not significant to the overall valuation of the city office predecessor 's fixed rate debt . accordingly , mortgage loans payable have been classified as level 2 fair value measurements . new accounting pronouncements in may 2014 , the fasb issued asu no . 2014-09 , revenue from contracts with customers , which creates a new topic accounting standards codification ( topic 606 ) . the standard is principle-based and provides a five-step model to determine when and how revenue is recognized . the core principle is that a company should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which it expects to be entitled in exchange for those goods or services . this standard is effective for interim or annual periods beginning after december 15 , 2016 and allows for either full retrospective or modified retrospective adoption . early adoption of this standard is not allowed . we are currently evaluating the impact the adoption of topic 606 will have on our financial statements . in january 2015 , the fasb issued asu no . 2015-01 , income statementextraordinary and unusual items. asu 2015-01 eliminates the concept of extraordinary items . however , the presentation and disclosure requirements for items that are either unusual or in nature or infrequent in occurrence remain and will be expanded to include items that are both unusual in nature and infrequent in occurrence . asu 2015-01 is effective for periods beginning after december 15 , 2015. we do not anticipate any impact of adopting this new accounting standard on our financial statements . in february 2015 , the financial accounting standards board ( fasb ) issued accounting standards update ( asu ) 2015-02 , consolidation ( topic 810 ) amendments to the consolidation analysis , which 45 amends the criteria for determining which entities are considered variable interest entities ( vie ) , amends the criteria for determining if a service provider possesses a variable interest in a vie and ends the deferral granted to investment companies for application of the vie consolidation model . asu 2015-02 is effective for annual periods , and interim periods therein , beginning after december 15 , 2015. we are currently evaluating the impact the adoption of topic 810 will have on our financial statements . in april 2015 , the fasb issued asu 2015-3 , simplifying the presentation of debt issuance costs , which changes the presentation of debt issuance costs in financial statements . asu 2015-3 requires an entity to present such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset . amortization of the costs will continue to be reported as interest expense . asu 2015-3 is effective for annual reporting periods beginning after december 15 , 2016. early adoption is permitted . the new guidance will be applied retrospectively to each prior period presented . the company will adopt asu 2015-3 on january 1 , 2016 , and it is not expected to have a material impact on the company 's consolidated financial statements and disclosures . in september 2015 , the fasb issued asu 2015-16 , simplifying the accounting for measurement-period adjustments . the update requires that acquiring entities in a business combination recognize adjustments to provisional amounts identified in the reporting period in which the adjustment amounts are determined , including the cumulative effect of the change in provisional amount , as if the accounting had been completed at the acquisition date . adjustments related to previous reporting periods must be disclosed by income statement line item , either on the face of the income statement or in the notes , in the period for which the adjustment was identified . asu 2015-16 is effective for annual reporting periods beginning after december 15 , 2015. the company does not expect asu 2015-16 to have a material impact on the company 's consolidated financial statements and disclosures . in february 2016 , the fasb issued asu 2016-02 , leases . the update amends the existing accounting standards for lease accounting , including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting . the standard requires a modified retrospective transition approach for all leases existing at , or entered into after , the date of initial application , with an option to use certain transition relief . asu 2016-02 will be effective for annual reporting periods beginning after december 15 , 2018. early adoption is permitted . we are currently evaluating the impact of adopting the new leases standard on our consolidated financial statements . jobs act in april 2012 , the jobs act was enacted . section 107 of the jobs act provides that an emerging grown company ( egc ) can take advantage of the extended transition period provided in section 7 ( a ) ( 2 ) ( b ) of the securities act , for complying with new or revised financial accounting standards . an egc can therefore delay the adoption of certain accounting standards until those standards would otherwise apply to private companies . however , we have determined to opt out of such extended transition period and , as a result , we will comply with new or revised financial accounting standards on the relevant dates on which adoption of such standards is required for non-emerging growth companies . results of operations comparison of year ended december 31 , 2015 to year ended december 31 , 2014 the year ended december 31 , 2015 includes our consolidated results whereas the comparable period in 2014 are the combined results which includes the

