Press Releases

CIM GROUP STATEMENT

11/13/2017


LOS ANGELES- On November 13, 2017 CIM Group, an integrated, full-service real assets investment manager and VEREIT, Inc. (NYSE: VER), a full-service real estate operating company, announced the signing of a purchase agreement for an affiliate of CIM Group (together with CIM Group, “CIM”) to purchase Cole Capital, VEREIT’s investment management business. 

With this acquisition, CIM acquires expertise and what it believes are best-in-class performing funds in the net/finance-lease space, complementary to CIM Group’s well-established urban product platforms.  In addition, CIM acquires one of the market-leading retail distribution organizations serving Independent Broker-Dealers and Registered Investment Advisers, complementing CIM’s existing relationships with institutional investors and wirehouse distribution channels.  Cole Capital’s net/finance lease products will continue to be marketed under the Cole brand, and CIM’s Urban Real Asset products will continue to be marketed under the CIM brand.

  

MEDIA CONTACT

Bill Mendel

Mendel Communications

bill@mendelcommunications.com

(212) 397-1030

  



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