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CIM Group buys Cole Capital

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VEREIT has sold Cole Capital to an affiliate of CIM Group in a cash-and-fees deal worth up to $200 million.

Currently, Cole has more than $7.6 billion in assets under management and manages five public non-listed real estate investment trusts: Cole Credit Property Trust IV, Cole Credit Property Trust V, Cole Real Estate Income Strategy, Cole Office & Industrial REIT, and Cole Office & Industrial REIT.

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