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Cole Office & Industrial REIT Expands Board and Appoints New Director

The board of Cole Office & Industrial REIT Inc. (CCIT II), a publicly registered non-traded real estate investment trust, increased the size of the board to four directors and appointed Richard Dozer as an independent director, as well as a member of the audit committee. He will serve as a director until the 2018 annual meeting of stockholders or until his successor is elected.

Dozer is the retired chairman of GenSpring Family Office – Phoenix, a wealth management firm for ultra-high net worth families. He previously served as principal of CDK Partners, a real estate development and investment company, and was the president of the Arizona Diamondbacks Major League Baseball team, and vice president and chief operating officer of the Phoenix Suns National Basketball Association team.

Dozer currently serves as vice chairman of the board of directors of Blue Cross Blue Shield of Arizona, chairman of Viad Corp (NYSE: VVI), and chairman of Swift Transportation Company (NYSE: SWFT). He holds a bachelor’s degree in business administration and accounting from the University of Arizona and is a former certified public accountant.

Cole Office and Industrial REIT commenced operations in September 2013 and invests primarily in single-tenant necessity office and industrial properties that are leased to creditworthy tenants under long-term, net leases. The company closed its primary offering in September 2016 and has raised $688.7 million in investor equity since inception. The company’s $1.2 billion portfolio is comprised of 37 properties totaling 11.2 million rentable square feet.

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