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CIM Group Revises REIT Rollup Plan After Another Buyer Steps In

Affiliate of Griffin Capital Agrees to Acquire Cole Office & Industrial REIT II for $1.2 Billion in Stock
Cole Office & Industrial REIT’s portfolio, which includes Avnet’s global headquarters in Phoenix, is expected to become part of Griffin Capital Essential Asset REIT. (CoStar)
Cole Office & Industrial REIT’s portfolio, which includes Avnet’s global headquarters in Phoenix, is expected to become part of Griffin Capital Essential Asset REIT. (CoStar)
CoStar News
November 9, 2020 | 5:12 P.M.

CIM Group’s plan to roll up four of its private real estate investment trusts into a combined entity is being revamped after one of its REITs agreed to be bought by a third-party buyer.

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