Cole Real Estate Investments’ Cole Corporate Income Trust (CCIT) has acquired 12 single-tenant office and industrial properties.
The combined price of the acquisitions was approximately USD386.1m and included corporate facilities in North Carolina, Tennessee, Virginia, Texas, New Jersey, Nevada, Arizona, California and Colorado.
CCIT invests primarily in strategic single-tenant, income-producing, necessity corporate properties leased to creditworthy tenants under long-term net leases. Cole Corporate Income Advisors, a subsidiary of Cole Real Estate Investments, serves as external advisor to CCIT.
"The diversified industries, geographic locations, remaining lease terms and strategic importance of the properties for the tenants made these solid acquisition targets," says Thomas W Roberts, executive vice president and head of real estate investments at Cole Real Estate Investments. "We continue to identify opportunities that meet our stringent acquisitions criteria and satisfy our rigorous underwriting processes, while building a high-quality portfolio of net-leased office and industrial assets for CCIT."