{"id":1004093682,"date":"2014-04-01T06:46:58","date_gmt":"2014-04-01T14:46:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004093682"},"modified":"2022-12-08T17:55:48","modified_gmt":"2022-12-09T01:55:48","slug":"cole-engages-financial-advisor-to-review-strategic-options","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cole-engages-financial-advisor-to-review-strategic-options\/","title":{"rendered":"Cole Engages Financial Advisor to Review Strategic Options"},"content":{"rendered":"

By Barbra Murray, Contributing Editor\u00a0<\/em><\/p>\n

Cole Corporate Income Trust Inc. has $1.9 billion on its hands following the closing of its IPO in late 2013, and now it\u2019s looking for guidance. Cole Capital, the private capital management business of American Realty Capital Properties Inc., just announced that CCIT has selected Wells Fargo Securities L.L.C. to help spearhead a review of strategic options.<\/p>\n

It\u2019s all part of the plan. CCIT revealed in July of last year that it would commence examining potential liquidity options following the completion of its IPO. From CCIT\u2019s perspective, the possibilities are plentiful.<\/p>\n

\u201cUltimately, as one of the largest office and industrial net lease REITs, we foresee a myriad of strategic opportunities for CCIT as we work with Wells Fargo to assess our strategic options,” Lisa Beeson, COO of ARCP, said in a prepared statement.<\/p>\n

The news of the exploration of options comes almost precisely four years after CCIT\u2019s formation.<\/p>\n

CCIT is not one to sit on the sidelines. In terms of enhancing its portfolio, CCIT has been quite acquisitive over the last several months.\u00a0 In September, the REIT acquired a collection of 12 single-tenant office and industrial properties, including two Amazon.com distribution centers totaling more than 2 million square feet, for $386.1 million. In November, it snapped up five single-tenant corporate properties for $202.1 million<\/a>. And during the first quarter of this year, CCIT shelled out a total of $89.1 million on the purchase of four properties.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Cole Capital announced that CCIT has selected Wells Fargo Securities to help spearhead a review of strategic options.<\/p>\n","protected":false},"author":969,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742],"tags":[],"class_list":["post-1004093682","post","type-post","status-publish","format-standard","hentry","category-finance","category-latest"],"acf":[],"yoast_head":"\nCole Engages Financial Advisor to Review Strategic Options - 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\/cole-engages-financial-advisor-to-review-strategic-options\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cole Engages Financial Advisor to Review Strategic Options\" \/>\n<meta property=\"og:description\" content=\"Cole Capital announced that CCIT has selected Wells Fargo Securities to help spearhead a review of strategic options.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cole-engages-financial-advisor-to-review-strategic-options\/\" \/>\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=\"2014-04-01T14:46:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:55:48+00:00\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\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\\\/cole-engages-financial-advisor-to-review-strategic-options\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cole-engages-financial-advisor-to-review-strategic-options\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Cole Engages Financial Advisor to Review Strategic Options\",\"datePublished\":\"2014-04-01T14:46:58+00:00\",\"dateModified\":\"2022-12-09T01:55:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cole-engages-financial-advisor-to-review-strategic-options\\\/\"},\"wordCount\":251,\"commentCount\":0,\"articleSection\":[\"Finance\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cole-engages-financial-advisor-to-review-strategic-options\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cole-engages-financial-advisor-to-review-strategic-options\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cole-engages-financial-advisor-to-review-strategic-options\\\/\",\"name\":\"Cole Engages Financial Advisor to Review Strategic Options - 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