Cole Credit Property Trust III, Inc. to Acquire Cole Holdings Corporation
PHOENIX, March 6, 2013 /PRNewswire/ -- Cole Credit Property Trust III, Inc. ("CCPT III") announced today that, based upon the unanimous recommendation of a special committee of its board of directors, composed exclusively of independent directors, it has executed a definitive merger agreement, pursuant to which CCPT III will acquire Cole Holdings Corporation ("Cole Holdings"), a full-scale real estate investment management firm that currently manages over $12 billion of real estate assets for over 160,000 individual investors represented by more than 13,000 financial advisors.  CCPT III will change its name to Cole Real Estate Investments, Inc.