- Cole Corporate Income Trust (CCIT) is managed by Cole Capital, ARCP's private capital management business. It's being sold to Select Income REIT (SIR) in a deal valuing the enterprise at about $3.1B.
- The deal is expected to close early next year and should generate AFFO for ARCP of about $0.02 per share through incentive and disposition fees.
- Source: Press Release
American Realty's CCIT to be sold to Select Income REIT
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