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.
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