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On the Record · Vereit

Vereit acquisitions, on the record

The businesses Vereit bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
52 commercial properties, including one land parcel for build-to-suit development
Word for word“During the year ended December 31, 2018 , the Company acquired controlling financial interests in 52 commercial properties, including one land parcel for build-to-suit development, for an aggregate purchase price of $502.7 million , which includes $2.6 million of external acquisition-related expenses that were capitalized.” 10-K for 2018
acquisitionDuring the year ended December 31, 2018$502.7 million
149 properties, including one property conveyed to a lender in a deed-in-lieu of foreclosure transaction, the Excluded Property, and one property owned by an unconsolidated joint venture
Word for word“During the year ended December 31, 2018 , the Company disposed of 149 properties, including one property conveyed to a lender in a deed-in-lieu of foreclosure transaction, the Excluded Property, and one property owned by an unconsolidated joint venture for an aggregate sales price of $560.5 million , of which the Company’s share was $521.4 million , resulting in consolidated proceeds of $502.3 million after repayment of the unconsolidated joint venture’s mortgage loan and closing costs.” 10-K for 2018
divestitureDuring the year ended December 31, 2018$560.5 million
Cole Capital Advisors, Inc. (CCA), subsidiary that sponsored and managed non-listed real estate investment trusts, and certain of CCA's subsidiaries
Word for word“On February 1, 2018 , we sold all of the issued and outstanding shares of common stock of Cole Capital Advisors, Inc. (“CCA”), our subsidiary that sponsored and managed non-listed real estate investment trusts, and certain of CCA’s subsidiaries, to CCA Acquisition, LLC (the “Cole Purchaser”), an affiliate of CIM Group, LLC for total consideration of approximately $120.0 million in cash.” 10-K for 2018
divestitureOn February 1, 2018approximately $120.0 million in cash
66 commercial properties
Word for word“During the year ended December 31, 2019 , the Company acquired controlling financial interests in 66 commercial properties for an aggregate purchase price of $403.6 million , which includes $2.3 million of external acquisition-related expenses that were capitalized.” 10-K for 2019
acquisitionDuring the year ended December 31, 2019$403.6 million
201 properties, including six consolidated properties sold to the Industrial Partnership and one property sold through a foreclosure
Word for word“During the year ended December 31, 2019 , the Company disposed of 201 properties, including the sale of six consolidated properties to two newly-formed joint ventures in which the Company owns a 20% equity interest (the “Industrial Partnership”) and one property sold through a foreclosure as discussed in Note 6 – Debt , for an aggregate gross sales price of $1.2 billion , of which our share was $1.1 billion after the profit participation payments related to the disposition of 36 Red Lobster properties.” 10-K for 2019
divestitureDuring the year ended December 31, 2019—
Cole Capital (investment management segment)
Word for word“On February 1, 2018 , the Company completed the sale of its investment management segment, Cole Capital, which is presented as discontinued operations for all periods presented.” 10-K for 2019
divestitureFebruary 1, 2018—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2016-12-31$0

Deal filings since 2016

Read from Vereit’s annual reports (10-K for 2020, 10-K for 2019, 10-K for 2018) and the financial data it files with the SEC, as of 2021-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.