PHOENIX, AZ – Cole Capital, the private capital management business for Cole Real Estate, Inc., today announced the launch of Cole Office & Industrial REIT (CCIT II), Inc. (CCIT II), focused on net lease office and industrial assets.
CCIT II intends to invest primarily in single-tenant, income-producing, “necessity” office and industrial properties, which are leased to creditworthy tenants under long-term net leases and are strategically located throughout the United States. Most properties are expected to be subject to “net” leases, whereby the tenant is primarily responsible for the cost of repairs, maintenance, property taxes, utilities, insurance and other operating costs.
Up to 250 million shares of common stock are being made available in the primary offering at $10.00 per share. Additionally, up to 50 million shares of common stock will be offered at $9.50 per share pursuant to the distribution reinvestment plan (DRIP). Shares will be made available through registered broker-dealers and theirrepresentatives.
Cole Capital Corporation, a registered broker-dealer affiliated with CCIT II’s sponsor, Cole Capital, will be the dealer-manager of the offering and will offer CCIT II’s shares on a best-efforts basis.
A full prospectus may be found on the Cole Capital website (www.colecapital.com), by calling the sponsor at 866.907.2653 or by mail at Cole Capital Corporation, 2325 E. Camelback Road, Suite 1100, Phoenix, Arizona 85016.
An investment in these securities involves a high degree of risk and may not be suitable for all investors. Before making an investment, please review the risk factors and other information about these securities, as set forth in the prospectus.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. An offer may be made to investors only by means of a prospectus. Investors seeking a copy of the prospectus should contact their registered representative or Cole Capital Corporation as identified above. Neither the Securities and Exchange Commission, the Attorney General of the State of New York nor any other state securities regulator has approved or disapproved of our common stock, nor determined if the prospectus is truthful or complete, or passed on or endorsed the merits or demerits of this offering. Any representation to the contrary is a criminal offense.