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Cole Credit Property Trust V registers $1.5B shelf

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Cole Credit Property Trust V registers $1.5B shelf

Cole Credit Property Trust V Inc. aims to sell up to a total of $1.50 billion of class A and class T shares of its common stock.

The company filed a shelf registration statement covering the sale of up to a total of $1.20 billion of its class A and class T shares, and up to $300.0 million of the shares pursuant to its distribution reinvestment plan.

The company expects to use roughly 88.5% of the funds to acquire real estate or other real estate-related investments. The remaining 11.5% will be earmarked for working capital and to pay offering costs.