Cole Real Estate Investments Launches Daily NAV Non-Listed REIT

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Cole Real Estate Income Strategy (Daily NAV) to Invest in Retail, Office and Industrial Real Estate

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Cole Real Estate Investments (Cole) today announced the launch of its latest investment offering: the Cole Real Estate Income Strategy (Daily NAV), Inc.

The non-listed REIT offering, which is marketed as “Cole Income NAV Strategy,” will invest in commercial real estate, with a primary focus on retail, office and industrial assets. The Cole REIT will not be traded on an exchange, but is registered with the Securities and Exchange Commission.

Shares for individual investors will be made available through registered investment advisors and broker-dealers that charge their clients a fee for their services (typically referred to as wrap accounts or fee-based accounts). Investors will not pay upfront selling commissions for shares.

The purchase price for Cole Income NAV Strategy common shares will vary from day to day and, on any given business day, will be equal to the Cole REIT’s net asset value, or NAV, divided by the number of common shares outstanding, as of the end of each day (NAV per share). Additionally, Cole Income NAV Strategy will offer shareholders the opportunity to redeem shares on a daily basis, subject to certain limitations, at the Cole REIT’s NAV per share on that business day.

Cole Capital Corporation, an affiliate of the sponsor, Cole Real Estate Investments, will be the dealer-manager of the offering and will offer Cole Income NAV Strategy’s shares on a best-efforts basis.

A full prospectus may be found on the sponsor’s website or by contacting Cole Real Estate Investments, 2575 E. Camelback Road, Suite 500, Phoenix, Arizona 85016.

About Cole Real Estate Investments
Founded in 1979, Cole Real Estate Investments is one of the most active acquirers of core real estate assets, managing one of the country’s largest portfolios of retail properties. Cole primarily targets net-leased single-tenant and multi-tenant retail properties under long-term leases with high credit quality tenants, as well as single-tenant office and industrial properties. Cole executes a conservative investment and financing strategy designed to provide investors with the opportunity for stable current income and capital appreciation. Today, Cole-related entities own and manage more than 1,500 properties representing approximately 56 million square feet of commercial real estate in 47 states with a combined acquisition cost of more than $9.3 billion.

Follow Cole on Twitter @ColeRealEstate and @ColeCapital.

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. 

This communication is not an offer to sell the securities, and is not a solicitation of offers to buy the securities, in any state in which the offer or sale is not permitted. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or determined if this communication and the accompanying prospectus are truthful or complete. In addition, the Attorney General of the State of New York has not passed upon or endorsed the merits of the offering. Any representation to the contrary is a criminal offense. The use of forecasts in the offering is prohibited. No one is permitted to make any oral or written predictions about the amount or certainty of any cash benefits or tax consequences that may result from an investment in these securities.


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Stefan Prelog

John Bacon, VP of Real Estate Marketing
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