TIER REIT Provides Additional Update on Impact of Hurricane Harvey

TIER REIT, Inc. (NYSE: TIER) announced an update today regarding the impact of Hurricane Harvey on its properties located in Houston. The Company's BriarLake Plaza and Loop Central properties have not experienced any damage from the storm and are currently open and fully operational, while the Company's Eldridge Place property has been exposed to rising flood waters this past week in the Energy Corridor and has experienced flood-related damage. While the Company has yet to assess the extent of the damage, it has comprehensive property, casualty, flood and business interruption insurance, and full coverage of any losses at Eldridge Place is anticipated subject to a nominal deductible.

“We continue to extend our thoughts and prayers to the people of Houston,” stated Scott Fordham, President & Chief Executive Officer of TIER REIT, Inc. “It will take time to fully understand the scope of the crisis in the Houston area, but we remain committed to helping in any way we can.”

About TIER REIT, Inc.

TIER REIT, Inc. is a publicly traded (NYSE:TIER), self-managed, Dallas-based real estate investment trust focused on owning quality, well-managed commercial office properties in dynamic markets throughout the U.S. TIER REIT’s vision is to be the premier owner and operator of best-in-class office properties in TIER1 submarkets, which are primarily higher density and amenity-rich locations within select, high-growth metropolitan areas that offer a walkable experience to various amenities. Our mission is to provide unparalleled, TIER ONE Property Services to our tenants and outsized total return through stock price appreciation and dividend growth to our stockholders.

For additional information regarding TIER REIT, please visit www.tierreit.com or call 972.483.2400.

Forward-Looking Statements

Certain statements made in this press release that are not based on historical information are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This press release contains express or implied forward-looking statements for which no assurance can be provided, including statements related to the anticipated coverage of insurance. TIER REIT undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances, or otherwise. For additional disclosure regarding these and other risks faced by the Company, see the disclosure contained in our public filings with the Securities and Exchange Commission, including, without limitation, our most recent Annual Report on Form 10-K.

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