VEREIT

We are pleased to announce that on February 1, 2018 an affiliate of CIM Group® (CIM®) acquired Cole Capital from VEREIT. In connection with the acquisition, Cole Capital Corporation, Cole’s broker-dealer subsidiary, has been renamed CCO Capital, LLC. The names of each of the Cole REITs© remain unchanged. The structure and operations of the Cole REITs, including distributions, offering periods, valuation schedules and other key details, should continue without disruption.

Caplease is a specialty finance company established in 1994, focusing on financing and investing in single-tenant commercial real estate properties that are net leased to tenants with investment-grade credit ratings. The company was formed in 2003 to continue the operations of its predecessor, Capital Lease Funding, LLC. It operates as a real estate investment trust (REIT), owning and managing properties that are subject to long-term leases with high credit tenants. In 2013, Caplease was acquired by American Realty Capital Properties, leading to the integration of Caplease's senior management and origination teams into ARCP. This merger aimed to enhance the growth of ARCP's significant portfolio in the single-tenant net lease office and industrial sectors, valued at approximately $4 billion.