Sales at the once-tarnished company are up fourfold this year
May 17, 2016 @ 1:35 pm | By Bruce Kelly | Investment News
After a disastrous 2015, Cole Capital Corp. has rebounded strongly in a tough market environment and seen more than a fourfold increase in sales of nontraded real estate investment trusts over the first four months of this year.
According to investment bank Robert A. Stanger & Co. Inc., Cole Capital raised $204.7 million in equity through April. That’s compared with just $48.7 million in equity raised for the same period last year, according to Stanger.
Blue Vault helps me to stay well informed on the financial status of both open and closed nontraded REITs and BDCs, so that I can help my clients better understand the product, before they make the decision to invest and after.