TIER REIT Declares First Quarter 2017 Distribution

Schedules Fourth Quarter 2016 Earnings Release and Conference Call Dates

TIER REIT, Inc. (NYSE:TIER), a Dallas-based real estate investment trust, announced today that its board of directors has declared a cash distribution of $0.18 per share of common stock for the first quarter of 2017. The distribution will be paid on March 31, 2017 to stockholders of record on March 15, 2017.

Additionally, the Company has announced it will release its fourth quarter 2016 financial results on Monday, February 13, 2017, after the close of trading on the New York Stock Exchange. A live audio webcast and conference call will be held on Tuesday, February 14, 2017, at 11:30 a.m. Eastern time/10:30 a.m. Central time. During the conference call, the Company's officers will review 2016 fourth quarter performance, discuss recent events and conduct a question-and-answer period.

Webcast:

A live audio webcast will be available in the Investor Relations section of the Company's website at www.tierreit.com/ir. To participate in the live audio webcast, please visit the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary software. A replay of the webcast will also be available approximately one hour after the call on the Company's website in the Investor Relations section and will be available for 30 days.

Telephone Conference Call:

Please dial in at least five minutes prior to start time.Domestic Call-In Number: 877.407.0789International Call-In Number: 201.689.8562

Conference Call Playback:

An audio playback is available through February 28, 2017.Call-in Number: 844.512.2921International: 412.317.6671Passcode: 13652997

About TIER REIT, Inc.

TIER REIT, Inc. is a self-managed, Dallas-based real estate investment trust focused on delivering outsized stockholder return through stock price appreciation and dividend growth while offering unparalleled tenant service. 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 both population and office-using employment growth. Within these markets, we target TIER1 submarkets, which are primarily urban and amenity-rich locations. For additional information regarding TIER REIT, please visit www.tierreit.com or call 972.483.2400.

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TIER REIT, Inc.Scott McLaughlin, [e-mail]