Cole Real Estate Investments Acquires $2.5 Billion of High-Quality Commercial Real Estate in 2010 by EON


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									Cole Real Estate Investments Acquires $2.5 Billion
of High-Quality Commercial Real Estate in 2010
Cole Continues to Distinguish Itself as a Market Leader in Core Real Estate Investing

January 18, 2011 12:05 PM Eastern Time  

PHOENIX--(EON: Enhanced Online News)--Cole Real Estate Investments (Cole), one of the nation’s most active
buyers of high-quality, income-producing commercial real estate assets, announced it successfully completed
approximately $2.5 billion of real estate related acquisitions in 2010. The announcement was made by Marc Nemer,
president of Cole Real Estate Investments.

Cole added over $1.2 billion of single-tenant retail properties, approximately $500 million of anchored retail power
centers, and $700 million of single-tenant office and industrial properties, which are subject to long-term net leases
with creditworthy tenants, as well as $62 million of mortgage notes receivable investments. Overall, these
acquisitions included 353 total properties, more than 14 million square feet of commercial real estate and two
mortgage notes receivable.

“Acquiring $2.5 billion of quality, core real estate assets is a significant achievement in today’s market, especially in
light of where commercial real estate valuations were in 2010 and where most experts see them going over the next
several years. We can attribute this accomplishment to our fine investment team, our success in raising capital, and
our deep relationships across the commercial real estate brokerage community,” explained Nemer. “Our
conservative investment strategy and our diligent underwriting standards ensure we buy only high quality properties
leased to leading tenants. It also supports our financing activity – we are considered a borrower of choice within the
lending community given the credit quality of our tenants and long-term nature of our assets.” 

Cole acquired 312 single-tenant retail assets totaling over 6 million square feet. Noteworthy single-tenant retail
acquisitions include 31 Walgreens properties totaling $156 million, in 16 states; a CVS portfolio totaling $70 million,
comprised of 13 stores in 11 states; and the sale-leaseback of 32 Albertson’s grocery stores in five states totaling
$266 million.

Cole also acquired 21 anchored retail power centers totaling nearly 4 million square feet in 2010. Highlighting the
multi-tenant retail acquisitions are several major power centers including Whitwood Town Center in Whittier, CA,
for $84 million; Atascocita Commons in Humble, TX, for $57 million; and Manchester Highlands, in Manchester,
MO, for $49 million.

Cole also continued to build its presence in the net-leased office and industrial sector by acquiring 20 properties
totaling over 4 million square feet. The most notable acquisitions included the Microsoft Bing headquarters in
Bellevue, WA, for $310 million, one of the largest property acquisitions in the country in 2010; the HealthNow New
York office building in Buffalo, NY, for $85 million; and a portfolio of office and industrial properties purchased
from USAA totaling $98 million. The USAA acquisition included a Home Depot distribution facility in Tolleson, AZ,
and the AT&T regional headquarters and the Igloo distribution facility, both in Texas.

“Cole expects to maintain an aggressive acquisitions pace in 2011, targeting more than $3 billion in additional
commercial real estate,” Nemer added. “While this is largely dependent on supply of attractive assets and capital
flow, we are confident the marketplace will continue to see the benefits of adding a non-correlated investment in
quality commercial real estate to portfolios.” 

About Cole Real Estate Investments

Founded in 1979, Cole Real Estate Investments is one of the most active investors and owners 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 37 million square feet of commercial real estate in 46 states with a combined acquisition cost over $7

Forward-Looking Statements

Certain statements in this press release may be considered forward-looking statements that reflect the current views
of the Company and the Company’s management with respect to future events. Forward-looking statements about
the Company’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. The Company does not intend or assume any
obligation to update any forward-looking statements, and the reader is cautioned not to place undue reliance on

Cole Real Estate Investments
John Towle, Chief Marketing Officer
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