Everest Completes Tender Offer for Shares of Cole Credit Property Trust IV

Everest REIT Investors I LLC has completed its unsolicited tender offer to purchase up to 780,000 shares of Cole Credit Property Trust IV Inc., a publicly registered non-traded real estate investment trust.

Everest REIT Investors I LLC has completed its unsolicited tender offer for shares of Cole Credit Property Trust IV Inc., a publicly registered non-traded real estate investment trust.

Everest, which offered to buy up to 780,000 shares, purchased approximately 106,677 shares at $6.60 each in its offer that expired on January 18, 2019. Cole Credit Property Trust IV’s most recent estimated NAV per share is $9.37, as of December 31, 2017. Shares originally sold for $10.00.

Cole Credit Property Trust IV invests in income-producing retail commercial real estate primarily leased to creditworthy tenants under long-term net leases. The REIT launched its offering in January 2012 and raised more than $3 billion prior to closing the offering in April 2014. According to Summit Investment Research. The REIT’s $5 billion portfolio was comprised of 896 properties, as of the third quarter of 2018. Cole Credit Property Trust IV is operated by CCO Group LLC, a subsidiary of CIM Group.

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