{"id":1004080500,"date":"2013-07-19T06:03:08","date_gmt":"2013-07-19T14:03:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004080500"},"modified":"2022-12-08T06:37:21","modified_gmt":"2022-12-08T14:37:21","slug":"spirit-ccpt-ii-complete-7-4b-merger","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/","title":{"rendered":"Spirit, CCPT II Complete $7.4B Merger"},"content":{"rendered":"

By Gail Kalinoski, Contributing Editor<\/i><\/p>\n

\"Tom<\/a>

Thomas Nolan, Spirit’s chairman & CEO<\/p><\/div>\n

The new bigger Spirit Realty Capital will continue to seek out more growth opportunities as it looks to capitalize on the completion of the $7.4 billion merger with Cole Credit Property Trust II, which doubled its size and made it one of the largest publicly traded net-lease REITs in the United States.<\/p>\n

The combined company now owns approximately 1,900 freestanding, single-tenant properties in 48 states. Spirit officials said in a news release announcing the closing that the company has \u201csignificantly enhanced scale and scope.\u201d It also has a more diversified portfolio and enhanced access to capital because of the merger.<\/p>\n

\u201cThe new company\u2019s diversified portfolio and flexible balance sheet will enable us to capitalize on a range of future opportunities, including both organic direct portfolio acquisitions and strategic transactions,\u201d Thomas Nolan, Spirit chairman & CEO, said in a news release Wednesday. \u201cWe remain focused on improving our portfolio diversity and scaling our business in order to continue to deliver a durable and growing dividend to shareholders.\u201d<\/p>\n

The merger between the two Arizona-based REITs was proposed in January,<\/a> when the boards of directors of both companies agreed to go forward. On June 12, stockholders of the two firms approved the proposed deal.<\/a> The combined company will retain the Spirit Realty Capital name and current management will lead the REIT. Seven of the nine-member Board of Directors will be existing Spirit board members and two members designated by CCPT II will join them.<\/p>\n

Under the merger deal, Spirit shareholders received nearly two shares of CCPT II for each share of Spirit and previous holders of CCPT II received one share of the combined company for each share of CCPT II previously owned. Stockholders of both Spirit and CCPT II will also receive pro-rated dividends to be paid on or by Friday, July 19.<\/p>\n

\u201cFrom the outset, we have been confident that this transaction is in the best interests of stockholders. The successful completion of this merger demonstrates our ability to deliver positive results,\u201d Marc Nemer, CEO of Cole Real Estate Investments, the parent company of CCPT II\u2019s sponsor and manager, said in the joint news release. \u201cOur commitment to a disciplined investment philosophy of acquiring income-producing properties, net-leased long-term to creditworthy tenants, allowed CCPT II to meet its investment objectives, despite a very challenging time in the real estate cycle. Stockholders now have full liquidity with Spirit Realty Capital, a proven net-lease operator.\u201d<\/p>\n

Brad Thomas, editor of Intelligent REIT Investor, said the merger was \u201ca good marriage.\u201d He said Cole needed the liquidity event and Spirit needed to add more investment-grade tenants to its portfolio.<\/p>\n

\u201cThey needed diversification,\u201d he told Commercial Property Executive<\/i>. \u201cThe quickest way to do that is to roll up with Cole.\u201d<\/p>\n

Thomas agreed with Nolan that institutional investors are attracted to net-lease REITs but he said retail investors also like them because of the forced dividend structure.<\/p>\n

\u201cInstitutional investors see the stability of the REIT platform and recognized the return performance all driven by the durability of the dividend,\u201d he said.<\/p>\n

American Stock Transfer & Trust Company, L.L.C. is serving as the combined company\u2019s transfer agent. Barclays was financial advisor to Spirit while Latham & Watkins L.L.P. served as legal advisor. Morgan Stanley and UBS Investment Bank served as financial advisors to CCPT II and Goodwin Proctor L.L.P. was the legal advisor. Gleacher & Co. was financial advisor and Ropes and Gray was the legal advisor to the Special Committee of CCPT II.<\/p>\n

CCPT II\u2019s sponsor, Cole Holdings Corp., merged in April with Cole Credit Property Trust III, which also created one of the largest publicly traded net-lease REITs. With more than 2,000 properties, it is now known as Cole Real Estate Investments Inc. CCPT III was a separate net lease REIT that American Realty Capital Properties, headed by Nicholas Schorsch, attempted to buy for as much as $9.7 billion in a very public battle in March and April as he tried to create the largest publicly traded net-lease REIT.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new bigger Spirit Realty Capital will continue to seek out more growth opportunities as it looks to capitalize on the completion of the $7.4 billion merger with Cole Credit Property Trust II, which doubled its size and made it one of the largest publicly traded net-lease REITs in the United States.<\/p>\n","protected":false},"author":1068,"featured_media":1004080503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742],"tags":[],"class_list":["post-1004080500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest"],"acf":[],"yoast_head":"\nSpirit, CCPT II Complete $7.4B Merger - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spirit, CCPT II Complete $7.4B Merger\" \/>\n<meta property=\"og:description\" content=\"The new bigger Spirit Realty Capital will continue to seek out more growth opportunities as it looks to capitalize on the completion of the $7.4 billion merger with Cole Credit Property Trust II, which doubled its size and made it one of the largest publicly traded net-lease REITs in the United States.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-07-19T14:03:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T14:37:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Nolan_Tom_2012.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"424\" \/>\n\t<meta property=\"og:image:height\" content=\"220\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spirit-ccpt-ii-complete-7-4b-merger\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spirit-ccpt-ii-complete-7-4b-merger\\\/\"},\"author\":{\"name\":\"Gail Kalinoski\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"headline\":\"Spirit, CCPT II Complete $7.4B Merger\",\"datePublished\":\"2013-07-19T14:03:08+00:00\",\"dateModified\":\"2022-12-08T14:37:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spirit-ccpt-ii-complete-7-4b-merger\\\/\"},\"wordCount\":690,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spirit-ccpt-ii-complete-7-4b-merger\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/07\\\/Nolan_Tom_2012.jpg\",\"articleSection\":[\"Investment\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spirit-ccpt-ii-complete-7-4b-merger\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spirit-ccpt-ii-complete-7-4b-merger\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spirit-ccpt-ii-complete-7-4b-merger\\\/\",\"name\":\"Spirit, CCPT II Complete $7.4B Merger - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spirit-ccpt-ii-complete-7-4b-merger\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spirit-ccpt-ii-complete-7-4b-merger\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/07\\\/Nolan_Tom_2012.jpg\",\"datePublished\":\"2013-07-19T14:03:08+00:00\",\"dateModified\":\"2022-12-08T14:37:21+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spirit-ccpt-ii-complete-7-4b-merger\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spirit-ccpt-ii-complete-7-4b-merger\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spirit-ccpt-ii-complete-7-4b-merger\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/07\\\/Nolan_Tom_2012.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/07\\\/Nolan_Tom_2012.jpg\",\"width\":424,\"height\":220,\"caption\":\"Tom Nolan, of Spirit\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/spirit-ccpt-ii-complete-7-4b-merger\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Spirit, CCPT II Complete $7.4B Merger\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/gail-kalinoski\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Spirit, CCPT II Complete $7.4B Merger - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/","og_locale":"en_US","og_type":"article","og_title":"Spirit, CCPT II Complete $7.4B Merger","og_description":"The new bigger Spirit Realty Capital will continue to seek out more growth opportunities as it looks to capitalize on the completion of the $7.4 billion merger with Cole Credit Property Trust II, which doubled its size and made it one of the largest publicly traded net-lease REITs in the United States.","og_url":"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-07-19T14:03:08+00:00","article_modified_time":"2022-12-08T14:37:21+00:00","og_image":[{"width":424,"height":220,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Nolan_Tom_2012.jpg","type":"image\/jpeg"}],"author":"Gail Kalinoski","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/"},"author":{"name":"Gail Kalinoski","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"headline":"Spirit, CCPT II Complete $7.4B Merger","datePublished":"2013-07-19T14:03:08+00:00","dateModified":"2022-12-08T14:37:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/"},"wordCount":690,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Nolan_Tom_2012.jpg","articleSection":["Investment","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/","url":"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/","name":"Spirit, CCPT II Complete $7.4B Merger - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Nolan_Tom_2012.jpg","datePublished":"2013-07-19T14:03:08+00:00","dateModified":"2022-12-08T14:37:21+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Nolan_Tom_2012.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Nolan_Tom_2012.jpg","width":424,"height":220,"caption":"Tom Nolan, of Spirit"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/spirit-ccpt-ii-complete-7-4b-merger\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Spirit, CCPT II Complete $7.4B Merger"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2013\/07\/Nolan_Tom_2012.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004080500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004080500"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004080500\/revisions"}],"predecessor-version":[{"id":1004619551,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004080500\/revisions\/1004619551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004080503"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004080500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004080500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004080500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}