Cole Takes $300M in September, Crosses $1B for YTD
- Oct 10, 2008
Cole Real Estate Investments has acquired approximately $300 million in assets during September, it has reported. That represented 54 assets.The assets totalled nearly 1.6 million square feet. they included a Lowe’s in Chester, N.Y., a BJ’s Wholesale Club in Ft. Lauderdale, Fla., a Home Depot in San Francisco, and Winter Garden Village in Winter Garden, Fla., just outside of Orlando. “Despite the current market challenges, we continue to see tremendous opportunities to acquire financeable, high-quality real estate at attractive prices as we build out our portfolio,” Michael Stubben, vice president of portfolio management for Cole, said in a statement. Cole has acquired over $1 billion in assets year-to-date through September 30, 2008. Cole affiliated entities now own approximately $4 billion of real estate assets and approximately 21.8 million total square feet.