The common stock of Cole Real Estate Investments (COLE) is now trading on the New York Stock Exchange.
The real estate and investment management firm is trading under the ticker symbol 'COLE.'
"Listing on the NYSE is a significant milestone for our firm, and I look forward to continuing to work with our talented team to capitalize on the significant opportunities this presents," said Chris Cole, founder and executive chairman of Cole Real Estate Investments.
He added, "As a market-leading net-lease REIT, our high-quality portfolio and fully integrated real estate platform position us to be successful in today's market. I am proud of the accomplishments that have led us to this most historic day in Cole's 34-year history."
With Cole's listing, investors can own an interest in a high-quality commercial real estate portfolio featuring a 12.4-year weighted average lease term, 99% portfolio occupancy and 55% investment grade tenancy, the company said.
"It is an honor to be a NYSE-traded company, continuing our mission of being the premier, trusted brand in real estate. Stockholders will benefit from our proven investment strategy that has built one of the largest REITs focused on the net-lease sector," said Marc Nemer, chief executive officer of Cole.
He concluded, "We are confident today's listing provides the opportunity to build on that market leadership."