Cole Real Estate Investments, Inc. Common Stock Begins Trading on the NYSE

Updated

Cole Real Estate Investments, Inc. Common Stock Begins Trading on the NYSE

Management Team to Ring the Opening Bell on Friday, June 21st

PHOENIX--(BUSINESS WIRE)-- Cole Real Estate Investments, Inc. (NYS: COLE) , a full-scale real estate and investment management firm, today announced that its common stock has begun trading on the New York Stock Exchange (NYSE) under the ticker symbol "COLE."


"Listing on the NYSE is a significant milestone for our firm, and I look forward to continuing to work with our talented team to capitalize on the significant opportunities this presents," said Chris Cole, founder and executive chairman of Cole Real Estate Investments. "As a market-leading net-lease REIT, our high-quality portfolio and fully integrated real estate platform position us to be successful in today's market. I am proud of the accomplishments that have led us to this most historic day in Cole's 34-year history."

To commemorate the listing, executives and guests of Cole will visit the NYSE to ring the Opening Bell on Friday, June 21st at 9:30 a.m. (ET).

Marc Nemer, chief executive officer of Cole Real Estate Investments, added, "It is an honor to be a NYSE-traded company, continuing our mission of being the premier, trusted brand in real estate. Stockholders will benefit from our proven investment strategy that has built one of the largest REITs focused on the net-lease sector. We are confident today's listing provides the opportunity to build on that market leadership."

With Cole's listing, investors can own an interest in Cole's high-quality commercial real estate portfolio featuring a 12.4 year weighted average lease term, 99% portfolio occupancy and 55% investment grade tenancy. The $7.7 billion of gross assets is well diversified by industry, tenancy and geography. Industry-leading tenants in the net lease portfolio include Walgreens, CVS/pharmacy, Amazon.com, Walmart, Target, Costco, Home Depot, FedEx, PetSmart, AT&T, Kohl's and Merrill Lynch. In addition to being one the largest REITs in the net lease sector, Cole's private capital business, Cole Capital, provides additional income as a result of management fees earned from sponsored real estate vehicles.

In addition, on June 17, 2013, Cole's Board of Directors authorized the declaration and payment of a cash distribution on a monthly basis, in the amount of $0.05833334 per share of common stock (an annualized rate of $0.70 per share) for stockholders of record as of each of July 31, 2013, August 30, 2013, and September 30, 2013. Payment dates for each record date are August 1, 2013, September 3, 2013, and October 1, 2013, respectively.

About Cole Real Estate Investments, Inc.

Cole Real Estate Investments, Inc. (formerly known as Cole Credit Property Trust III, Inc.) is an industry-leading REIT that acquires and manages real estate assets leased long-term to a high-quality, diversified tenant base. Since 1979, Cole has leveraged its deep relationships, efficiencies of scale and rigorous operational processes to acquire and actively manage retail, office and industrial properties. As of March 31, 2013, Cole Real Estate Investments owned $7.7 billion of gross assets, which included 1,013 properties representing approximately 43 million square feet of commercial real estate in 48 states. Through its private capital business, Cole Capital, Cole manages 1,031 additional properties with an aggregate purchase price of approximately $5.3 billion. To learn more, visit www.colereit.com.

Forward-Looking Statements

Certain statements in this press release may be considered forward-looking statements that reflect the current views of Cole Real Estate Investments and Cole's management with respect to future events. Forward-looking statements about Cole's plans, strategies and prospects are based on current information, estimates and projections; they are subject to risks and uncertainties, as well as known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Forward-looking statements are not intended to be a guarantee of any event, action, result, outcome or performance in future periods. Cole does not intend or assume any obligation to update any forward-looking statements, and the reader is cautioned not to place undue reliance on them.



Cole Real Estate Investments, Inc.
John Bacon, 602-778-6057
Vice President, Marketing
john.bacon@ColeREIT.com
or
Jessica Thorsheim, 602-778-6324
Director, Strategic Relations
jessica.thorsheim@ColeREIT.com
or
Joele Frank, Wilkinson Brimmer Katcher
Meaghan Repko/Nick Lamplough
212-355-4449
or
Great Ink Communications
Tom Nolan/Eric Waters
212-741-2977

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