Cole Real Estate Investments Crosses Milestone of $10 Billion Total Assets Under Management

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Providing Institutional-Quality Commercial Real Estate for More Than 30 Years

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We have been, and continue to be, firm believers in commercial real estate as an asset class, the advantages of owning an asset that is not directly correlated with the stock market, and the benefits of a conservative investment strategy...

Cole Real Estate Investments (Cole) announced its commercial real estate portfolio has surpassed the $10 billion mark in total assets under management, further establishing the company as a national leader in retail, office and industrial real estate investments.

With nearly 350 employees across the country, Cole continues its mission to provide access to high-quality commercial real estate.

“We have been, and continue to be, firm believers in commercial real estate as an asset class, the advantages of owning an asset that is not directly correlated with the stock market, and the benefits of a conservative investment strategy focused on long-term leases to high credit quality tenants,” said Marc Nemer, president and chief executive officer for Cole.

Founded in 1979, Cole has grown its portfolio of assets under management to $10 billion by focusing on high-quality commercial real estate. According to Real Capital Analytics, Cole has been the top buyer of net-leased single-tenant properties in the United States during the past decade. The company is targeting $3 billion of high-quality retail, office and industrial acquisitions in 2012.

With its credit-net-lease focus, Cole has acquired assets ranging from the local Walgreens pharmacy to international headquarters for leading corporations. Milestone acquisitions for the firm include a portfolio of 11 PetSmart stores in seven states ($74 million), the sale-leaseback of 32 Albertson’s grocery stores in five states ($266 million), the 688,000-square-foot Whittwood Town Center in Whittier, CA ($83.5 million), the Microsoft Bing headquarters in Bellevue, WA ($310 million), the sale-leaseback of the University of Phoenix Office Complex in Phoenix ($170 million), and a Walmart cold storage and distribution facility in Riverside, CA ($91.5 million).

“Crossing this milestone is a testament to the success of our conservative, disciplined and repeatable investment process,” said Thomas W. Roberts, executive vice president and head of real estate investments. “We are constantly looking for top-tier properties, diversified across sectors and geography that meet our stringent acquisition criteria.”

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, using a conservative investment and financing strategy. Cole-related entities own and manage more than 1,650 properties representing approximately 61.5 million square feet of commercial real estate in 47 states with a combined acquisition cost of $10 billion.

Follow Cole on Twitter: @ColeCapital.

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Stefan Prelog

John Bacon, VP of Real Estate Marketing
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