initial public offerings (IPOs) trading on American exchanges

Friday, June 21, 2013

Cole Real Estate Investments (COLE) began trading on the NYSE on 20 June 2013

April 2021 update: Realty Income agreed to acquire the company.

20 Oct 13 update:
  • Cole Real Estate Investments Inc was acquired by American Realty Capital Properties (ARCP) for $7.2 billion to create the largest US net-leased REIT, and the 14th-largest US publicly traded REIT.
  • American Realty said the acquisition of Phoenix-based Cole would increase the size of its portfolio to 3,732 properties which are mostly retail stores. 
  • The Cole deal will add many more properties leased by corporate tenants, such as Walgreen Co WAG.N and CVS Caremark Corp (CVS.N) pharmacies, to American Realty’s current portfolio which includes Dollar General, Citizens Bank and FedEx.
  • Both companies had been nontraded REITs, with American Realty going public before Cole.

November 9, 2017: Former American Realty Capital Properties CFO Brian Block has been sentenced to 18 months in prison for his role in an accounting fraud that overstated a key metric used to evaluate the REIT’s financial performance.  [now: VEREIT, Inc. (NYSE: VER)]

Cole Real Estate Investments, Inc. visited the NYSE to celebrate the REIT’s listing on the NYSE. Common shares of Cole Real Estate Investments will be traded under the ticker symbol “COLE”.

Cole Real Estate Investments, Inc. founder Chris Cole and CEO Marc Nemer ring the opening bell at the New York Stock Exchange to celebrate their recent listing on June 21, 2013 in New York City.

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