Comrit Investments 1 LP extended the expiration date of its tender offer for shares of Cole Office & Industrial REIT Inc. to July 13, from June 26.
The investor offered to purchase up to 3.4 million shares, or roughly 5.06%, of the nontraded real estate investment trust's outstanding class A and class T shares at $8.52 apiece.
The board of Cole Office recommended that its shareholders reject the offer.
