Cole Advisor Retail Income REIT, Inc. and Cole Advisor Corporate Income REIT, Inc. Announce Initial Public Offerings

PHOENIX--(BUSINESS WIRE)--Cole Real Estate Investments, a sponsor of non-traded REITs, announced today the filing of two registration statements with the Securities and Exchange Commission: one for Cole Advisor Retail Income REIT, Inc. and the other for Cole Advisor Corporate Income REIT, Inc. The announcement was made by Marc Nemer, President of Cole Real Estate Investments.

Cole Advisor Retail Income REIT and Cole Advisor Corporate Income REIT are newly organized corporations formed to invest primarily in single-tenant, income producing commercial properties, which are leased to creditworthy tenants under long-term net leases. Cole Advisor Retail Income REIT will focus primarily on necessity retail tenants, while Cole Advisor Corporate Income REIT will focus on mission critical office and industrial properties.

Each of the companies intends to distribute shares principally through registered investment advisors and broker/dealers that charge their clients a fee for their services. These accounts are typically referred to as wrap accounts or fee-based accounts.

The common shares of each company is expected to be offered on a continuous basis and for an indefinite period of time, subject to regulatory approvals, with an initial offering for each company of up to $3,500,000,000. After an initial escrow period, the purchase price for each company’s stock will vary from day to day and, on any given day, will be equal to that company’s net asset value, or NAV, divided by the number of common shares outstanding for that company, as of the end of business on each day (NAV per share). The calculation of each company’s NAV will be based principally on the market value of the company’s real estate portfolio, as determined by an independent valuation expert. Each of the companies also expects to offer their shareholders the opportunity to redeem all or any portion of their shares, on a daily basis, at the company’s NAV per share, determined as of the end of the day of the request. The offerings are not contingent on each other.

Cole Capital Corporation, an affiliate of the sponsor, Cole Real Estate Investments, will be the dealer manager of each offering and will offer the shares of each company on a best efforts basis. The registration statements filed by the companies relating to these securities have been filed with the Securities and Exchange Commission but have not become effective. These securities may not be sold nor may offers to buy be accepted prior to the time each registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities of either offering in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

A copy of each of the registration statements may be found at www.sec.gov and a preliminary prospectus for each offering may be obtained by contacting Cole Capital Corporation, 2575 E. Camelback Road, Suite 500, Phoenix, AZ 85016 (Phone: [phone]; e-mail: [e-mail].)

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 32 million square feet of commercial real estate in 45 states with a combined acquisition cost of more than $6 billion.