Wednesday, June 19, 2013

COLE-List-mas Eve

I feel like an eight-year old on Christmas Eve!  Cole Real Estate Investments' (COLE) imminent listing is the most exciting event to hit the world of non-traded REITs, since, well, ARC's last liquidity event.  Tomorrow, COLE's $4.9 billion of investor equity - which was raised over multiple years - becomes fully liquid, and we still don't even know the price COLE will offer to tender $500 million of shares.   How exciting!  At least I won't have to wait for the adults to get back from church to open presents.  I expect Santa to deliver a wave of emails filled with COLE filing data by 4:00 a.m. 

It stinks getting old.

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