Cole Credit Property Trust V, Inc. | REIT Profile

CIK: 1580988
CIK: 1580988
Exchange: N/A
Founded: 2014 (10 years)
HQ: Phoenix, AZ, United States
Type of REIT: Equity REIT
Listing Status: Public, Non-Listed
REIT Sector: Retail

See 1580988 on SEC.gov

Cole Credit Property Trust V, Inc. is a Maryland corporation that primarily acquires income-producing necessity retail properties that are single-tenant properties subject to long-term triple-net or double-net leases with national or regional creditworthy tenants. We elected to be taxed, and currently qualify, as a real estate investment trust (REIT) for federal income tax purposes commencing with our taxable year ended December 31, 2014. We are externally managed by our advisor, Cole REIT Advisors V, LLC (CR V Advisors), which is owned by CCO Group, LLC. CCO Group, LLC and its subsidiaries (collectively, CCO Group) serve as our sponsor. CCO Group is a group of affiliated entities directly or indirectly owned and controlled by CIM Group, LLC (CIM). CIM is a vertically-integrated owner and operator of real assets including urban residential, commercial, retail, hospitality, debt, and infrastructure assets as well as U.S.-based retail and industrial netlease. CIM has multidisciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and asset management capabilities. CIM is headquartered in Los Angeles, California and has offices in Oakland, California; Bethesda, Maryland; Dallas, Texas; New York, New York; Chicago, Illinois; and Phoenix, Arizona. This follow-on offering follows the termination of our initial public offering, in which we offered an aggregate of $2,500,000,000 in shares of our Class A common stock and Class T common stock to the public on a "best efforts" basis and an additional $475,000,000 in shares of common stock pursuant to our distribution reinvestment plan. We commenced our initial public offering on March 18, 2014 and terminated our initial public offering on August 1, 2017.