UPDATE: American Realty Issues Statement Regarding Cole Capital

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American Realty Capital Properties, Inc. ("ARCP")
ARCP
issued the following statement: Affiliates of ARCP sponsor or manage the following non-traded REITs: Cole Corporate Income Trust, Inc.; Cole Credit Property Trust IV, Inc.; Cole Real Estate Income Strategy (Daily NAV), Inc.; Cole Office & Industrial REIT (CCIT II), Inc.; and Cole Credit Property Trust V, Inc. (collectively, the "Non-traded REITs"). In answer to inquiries, ARCP notes that the independent investigation being conducted by its Audit Committee was not initiated in response to any allegations concerning the Non-traded REITs and that, to date, nothing has come to the Audit Committee's attention that would indicate any financial improprieties at or affecting the Non-traded REITs.
Posted In: NewsPress Releases
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