Attached files
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| 8-K - COLE CREDIT PROPERTY TRUST III - 8K - Cole Real Estate Investments, Inc. | ccptiii_8k.htm |
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FOR
IMMEDIATE RELEASE
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For
further information, contact:
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John
Towle, Chief Marketing Officer
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888.677.2653
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1
February 2010
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jtowle@colecapital.com
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Cole
Credit Property Trust III Acquires $704 Million in 2009
PHOENIX,
Arizona: (February 1, 2010) – Cole Real Estate Investments
(Cole) announced today that in 2009 Cole Credit Property Trust III (CCPT III)
acquired 133 properties totaling 4,864,955 square feet. Total
purchase price of these acquisitions was approximately $704
million. Cole and affiliated entities currently own or manage more
than $5 billion in real estate assets totaling in excess of 28 million square
feet.
“Despite
the many obstacles the commercial real estate industry faced in 2009, Cole
continues to surpass milestones, signifying the strength and perseverance of our
acquisition strategy,” said Thomas W. Roberts, Cole’s president, real estate
group.
About
Cole Real Estate Investments
Founded
in 1979, Cole Real Estate Investments is a leading real estate investment firm
that focuses on the acquisition of high-quality, income producing commercial
real estate. Cole primarily targets net leased retail properties under
long-term leases with high credit quality tenants. Cole executes a conservative
investment and financing strategy designed to provide investors with stability
of principal and security of income. Cole is dedicated to delivering excellent
service to its investors and providing them with real estate investments that
diversify their portfolios and help them achieve their investment goals. Today,
Cole Real Estate Investments owns or manages real estate with a combined
acquisition cost of more
than $5 billion.
This
release may contain forward-looking statements relating to the business and
financial outlook of Cole that are based on its management’s current
expectations, estimates, forecasts and projections and are not guarantees of
future performance. Actual results may differ materially from those expressed in
these forward-looking statements, and you should not place undue reliance on any
such statements. A number of important factors could cause actual results to
differ materially from the forward-looking statements contained in this release.
Forward-looking statements in this document speak only as of the date on which
such statements were made, and we undertake no obligation to update any such
statements that may become untrue because of subsequent events. We claim the
safe harbor protection for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995.