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3 CIM affiliate-sponsored REITs name new directors

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3 CIM affiliate-sponsored REITs name new directors

Glenn Rufrano will step down as a director of Cole Credit Property Trust V Inc., Cole Office & Industrial REIT (CCIT II) Inc. and Cole Office & Industrial REIT (CCIT III) Inc., effective Dec. 31.

Cole Credit Property Trust V and Cole Office & Industrial REIT (CCIT II) named Richard Ressler as Rufrano's replacement, while Cole Office & Industrial REIT (CCIT III) appointed Avraham Shemesh in place of the outgoing director.

Ressler and Shemesh serve in various positions for CCO Group LLC and its affiliates and certain other programs sponsored by the group.

The real estate investment trusts are sponsored by an affiliate of CIM Group LLC.