Cole Office & Industrial REIT (CCIT II), Inc.
Cole Capital® Announces Cole Office & Industrial REIT (CCIT II), Inc. Estimated Share Value of $10.00 and Timing for the Close of its Primary Offering as of April 11, 2016
Cole Office & Industrial REIT (CCIT II), Inc. Board of Directors Engages Independent Valuation Firm to Assist in the Calculation of a Net Asset Value of Its Shares as of February 1, 2016
CCIT II has closed to new subscriptions August 31st, 2016.
Cole Office & Industrial REIT (CCIT II), Inc. is a non-listed REIT that intends to invest primarily in single-tenant, income-producing, necessity office and industrial properties that are leased to creditworthy tenants under long-term leases. Cole Capital defines necessity corporate properties as those that are essential to the day-to-day operations of a corporation's operations. Necessity corporate properties include distribution facilities, warehouses and corporate and regional headquarters.
|Offering Summary||Class A||Class T|
|Price to Public (POP)||$10.99 per share||$10.53 per share|
|Net Offering Price (NAV)||$10.00 per share||$10.00 per share|
|Distribution Reinvestment Program (DRIP)||$10.00 per share||$10.00 per share|
|Initial Minimum Investment||$2,500||$2,500|
Suitability Requirements: a net worth of at least $250,000 or a gross annual income of at least $70,000 and a net worth of at least $70,000.
The following states have additional suitability requirements: AL, CA, IA, KS, KY, MA, ME, ND, NE, NJ, NM, OH, OR, PA and TN.
Please consult the Prospectus for additional information.