Cole Credit Property Trust IV Subject of Recent Tender Offer at $6.60/Share

Third-party real estate investment firm Everest REIT Investors I, LLC (“Everest”) recently launched an unsolicited tender offer to purchase up to 780,000 shares of common stock in Cole Credit Property Trust IV, Inc. (“Cole Credit IV”), at $6.60 per share. Cole Credit IV was formed in July 2010 and is structured as a publicly registered, non-traded REIT.  Shares issued through its offering were priced at $10 per share.  As of December 31, 2017, Cole Credit IV had raised approximately $3.4 billion in investor equity.  While the non-traded REIT has most recently estimated its share value at $9.37 per share, Cole Credit IV further “states that such figure is based on numerous assumptions and judgments and there can be no assurances that such amount would be realized upon a liquidation of assets or other liquidity event.” Non-traded REITs pose a great deal of risks that are often not readily apparent to retail investors, and may not…

Read more detail on Recent Securities Law posts –

This entry was posted in Securities Law and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply