CCIT II Overview

CCIT II closed to new subscriptions September 2016.

CCIT II is a public, non-listed REIT that invests primarily in single-tenant, income-producing, necessity office and industrial properties that are leased to creditworthy tenants under long-term leases. CIM defines necessity corporate properties as those that are essential to the day-to-day operations of a company. Necessity corporate properties include distribution facilities, warehouses, and corporate or regional headquarters. Landlord to America's leading corporations®.

Portfolio Overview

$1.2 Billion

Purchase Price


11.4 Million Square Feet

Office and Industrial Real Estate


36

Properties

19

States


100% Occupied

Property Type Diversification

20171231 CCIT II Property Type Diversification

Geographic Diversification

Shown by NCREIF region

20171231 CCIT II Geographic Diversification

29 Tenant Concepts

Top Five Tenants and Tenant Credit Rating1

Keurig

S&P:  BB

12.8%
Amazon

S&P:  AA-

11.7%
Freeport-McMoRan

S&P:  BB-

10.3%
P&G

S&P:  AA-

6.9%
Amcor Rigid Plastics

S&P:  BBB

4.8%

12 Industry Sectors

Top Five Industries

Manufacturing 31.2%
Logistics 13.1%
Wholesale 12.8%
Retail - Internet 11.7%
Mining and Natural Resources 10.3%

Tenant Lease Maturity

Weighted Average Remaining Lease Term

9.9 Years

All data as of 12/31/2017 unless otherwise specified, calculations are based on annualized rental revenue. Dollar amounts and square footages for all properties are approximate.

1) The tenant credit ratings represent the creditworthiness of the lessee as of 12/31/2017, the current rating may be higher or lower than the rating shown and are not associated with CCIT II or its shares.

CCIT II Fact Sheet

CCIT II Offering Summary

CCIT II closed to new subscriptions September 2016. CCIT II was offered in Class A Shares and Class T Shares.

  • A Shares
  • T Shares

A Share Pricing

Estimated Per Share NAV (as of 03/30/2018)

Estimated Per Share
Net Asset Value (NAV)

$10.58


Distribution Reinvestment Price

$10.58

Pricing History

The initial Price to Public as of 09/17/2013 was not based on an estimated net asset value, includes any applicable per share up-front selling commissions and dealer manager fees, and assumes no purchase price discounts. After 04/11/2016, the estimated per share NAV is determined and approved by CCIT II’s Board of Directors based on the recommendation of its valuation committee, which is comprised solely of independent directors, including the independent Chairman of the Board. The estimated per share NAV is based upon the estimated market value of CCIT II’s assets, less the estimated market value of the Company’s liabilities, divided by the total shares outstanding, and was performed in accordance with the valuation guidelines established by the Investment Program Association (IPA) Practice Guideline 2013-01, Valuations of Publicly Registered Non-Listed REITs. In accordance with FINRA’s customer account statement rules and the IPA guidelines, the Board intends to determine an updated estimated per share NAV on at least an annual basis.

T Share Pricing

Estimated Per Share NAV (as of 03/30/2018)

Estimated Per Share
Net Asset Value (NAV)

$10.58


Distribution Reinvestment Price

$10.58

Pricing History

The estimated per share NAV is determined and approved by CCIT II’s Board of Directors based on the recommendation of its valuation committee, which is comprised solely of independent directors, including the independent Chairman of the Board. The estimated per share NAV is based upon the estimated market value of CCIT II’s assets, less the estimated market value of the Company’s liabilities, divided by the total shares outstanding, and was performed in accordance with the valuation guidelines established by the Investment Program Association (IPA) Practice Guideline 2013-01, Valuations of Publicly Registered Non-Listed REITs. In accordance with FINRA’s customer account statement rules and the IPA guidelines, the Board intends to determine an updated estimated per share NAV on at least an annual basis.

CCIT II Properties

CCIT II closed to new subscriptions September 2016.

CCIT II Property Search

Corporate Governance

CCIT II Board of Directors

  • James F. Risoleo

    James F. Risoleo

    Non-Executive Chairman of the Board of Directors (Independent Director)
    View Bio

    James F. Risoleo has served as Non-Executive Chairman of the Board of Directors of CCIT II since June 2015 and has served as one of CCIT II’s Independent Directors since August 2013. Since January 2012, Mr. Risoleo has served as Executive Vice President and Managing Director - Europe at Host Hotels & Resorts Inc., where he is responsible for acquisitions and dispositions and the management of the company’s European joint venture. From 2000 until December 2011, Mr. Risoleo served as Executive Vice President and Chief Investment Officer of Host Hotels & Resorts, where he was responsible for the development of the company’s global investment strategy. From 1996 until 2000, he served as Senior Vice President of Acquisitions and Development of Host Hotels & Resorts, where he led the organization in the acquisition and disposition of assets in the U.S. Prior to joining Host Hotels & Resorts, Mr. Risoleo served as Vice President of Development for Interstate Hotels Corporation and as Senior Vice President, Commercial Real Estate of Westinghouse Financial Services. Mr. Risoleo received a B.S. from Duquesne University School of Business and a J.D. from Duquesne University School of Law.

  • P. Anthony Nissley

    P. Anthony Nissley

    Independent Director and Audit Chair
    View Bio

    P. Anthony Nissley has served as one of the Independent Directors of CCIT II since August 2013. Since January 2013, Mr. Nissley has been self-employed as a consultant with TD Global Consulting, LLC. From 2002 to July 2012, Mr. Nissley served as a Tax Partner of PricewaterhouseCoopers, with the Industry Services Group. While at PwC, he was a member and sector leader of PwC’s national utility tax practice. From 1995 to 2002, Mr. Nissley was a partner of Arthur Andersen LLP, where he served in client service and advisory partner roles on numerous multinational public company engagements. He also served in Arthur Andersen’s Office of Federal Tax Services where he participated in corporate rulings and transaction-planning activities. Prior to joining Arthur Andersen, Mr. Nissley served as an IRS Agent and as an attorney in the IRS Office of Chief Counsel in the National Office of the IRS, where he was responsible for issuing private letter rulings in the mergers and acquisitions and consolidated return areas. Mr. Nissley has authored a number of articles on merger and acquisition matters for tax-related publications, and has been a speaker at legal and tax conferences. Mr. Nissley is a member of the Board of Directors for the Juvenile Diabetes Research Foundation, Phoenix Chapter. Mr. Nissley received a B.A. from Mt. Saint Mary’s College, a J.D. from George Mason University School of Law and a Masters in Taxation from Georgetown University.

  • Richard H. Dozer

    Richard H. Dozer

    Independent Director
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    Richard H. Dozer has served as one of the Independent Directors of CCIT II since June 2017. Mr. Dozer is the retired Chairman of GenSpring Family Office – Phoenix, a leading wealth management firm for ultra-high net worth families, where he served from May 2008 until January 2013. Before this role, Mr. Dozer served as principal of CDK Partners, a real estate development and investment company, from 2006 until 2008. Mr. Dozer served as President of the Arizona Diamondbacks Major League Baseball team from its inception in 1995 until 2006, and Vice President and Chief Operating Officer of the Phoenix Suns National Basketball Association team from 1987 until 1995. Early in his career, he was an audit manager with Arthur Andersen and served as its Director of Recruiting for the Phoenix, Arizona office. Mr. Dozer currently serves as vice chairman of the board of directors of Blue Cross Blue Shield of Arizona; as chairman of the board of directors and as a member of the audit committee and the compensation committee of Viad Corp (NYSE: VVI); and as chairman of the board of directors and audit committee and as a member of the compensation committee and nominating and corporate governance committee of Swift Transportation Company (NYSE: SWFT). Mr. Dozer previously served on the board of directors of Apollo Education Group, Inc. from December 2011 until it was taken private in February 2017. Mr. Dozer is presently or has previously served on many charitable and civic boards, including Teach for America in Phoenix, Arizona; Greater Phoenix Valley of the Sun Convention and Visitor’s Bureau; Greater Phoenix Leadership; Greater Phoenix Economic Council; ASU Dean’s Council of 100; Arizona State University MBA Advisory Council; Valley of the Sun YMCA; and Nortrust of Arizona. Mr. Dozer holds a Bachelor of Science degree in business administration and accounting from the University of Arizona and is a former certified public accountant.

  • James F. Risoleo has served as Non-Executive Chairman of the Board of Directors of CCIT II since June 2015 and has served as one of CCIT II’s Independent Directors since August 2013. Since January 2012, Mr. Risoleo has served as Executive Vice President and Managing Director - Europe at Host Hotels & Resorts Inc., where he is responsible for acquisitions and dispositions and the management of the company’s European joint venture. From 2000 until December 2011, Mr. Risoleo served as Executive Vice President and Chief Investment Officer of Host Hotels & Resorts, where he was responsible for the development of the company’s global investment strategy. From 1996 until 2000, he served as Senior Vice President of Acquisitions and Development of Host Hotels & Resorts, where he led the organization in the acquisition and disposition of assets in the U.S. Prior to joining Host Hotels & Resorts, Mr. Risoleo served as Vice President of Development for Interstate Hotels Corporation and as Senior Vice President, Commercial Real Estate of Westinghouse Financial Services. Mr. Risoleo received a B.S. from Duquesne University School of Business and a J.D. from Duquesne University School of Law.

  • P. Anthony Nissley has served as one of the Independent Directors of CCIT II since August 2013. Since January 2013, Mr. Nissley has been self-employed as a consultant with TD Global Consulting, LLC. From 2002 to July 2012, Mr. Nissley served as a Tax Partner of PricewaterhouseCoopers, with the Industry Services Group. While at PwC, he was a member and sector leader of PwC’s national utility tax practice. From 1995 to 2002, Mr. Nissley was a partner of Arthur Andersen LLP, where he served in client service and advisory partner roles on numerous multinational public company engagements. He also served in Arthur Andersen’s Office of Federal Tax Services where he participated in corporate rulings and transaction-planning activities. Prior to joining Arthur Andersen, Mr. Nissley served as an IRS Agent and as an attorney in the IRS Office of Chief Counsel in the National Office of the IRS, where he was responsible for issuing private letter rulings in the mergers and acquisitions and consolidated return areas. Mr. Nissley has authored a number of articles on merger and acquisition matters for tax-related publications, and has been a speaker at legal and tax conferences. Mr. Nissley is a member of the Board of Directors for the Juvenile Diabetes Research Foundation, Phoenix Chapter. Mr. Nissley received a B.A. from Mt. Saint Mary’s College, a J.D. from George Mason University School of Law and a Masters in Taxation from Georgetown University.

  • Richard H. Dozer has served as one of the Independent Directors of CCIT II since June 2017. Mr. Dozer is the retired Chairman of GenSpring Family Office – Phoenix, a leading wealth management firm for ultra-high net worth families, where he served from May 2008 until January 2013. Before this role, Mr. Dozer served as principal of CDK Partners, a real estate development and investment company, from 2006 until 2008. Mr. Dozer served as President of the Arizona Diamondbacks Major League Baseball team from its inception in 1995 until 2006, and Vice President and Chief Operating Officer of the Phoenix Suns National Basketball Association team from 1987 until 1995. Early in his career, he was an audit manager with Arthur Andersen and served as its Director of Recruiting for the Phoenix, Arizona office. Mr. Dozer currently serves as vice chairman of the board of directors of Blue Cross Blue Shield of Arizona; as chairman of the board of directors and as a member of the audit committee and the compensation committee of Viad Corp (NYSE: VVI); and as chairman of the board of directors and audit committee and as a member of the compensation committee and nominating and corporate governance committee of Swift Transportation Company (NYSE: SWFT). Mr. Dozer previously served on the board of directors of Apollo Education Group, Inc. from December 2011 until it was taken private in February 2017. Mr. Dozer is presently or has previously served on many charitable and civic boards, including Teach for America in Phoenix, Arizona; Greater Phoenix Valley of the Sun Convention and Visitor’s Bureau; Greater Phoenix Leadership; Greater Phoenix Economic Council; ASU Dean’s Council of 100; Arizona State University MBA Advisory Council; Valley of the Sun YMCA; and Nortrust of Arizona. Mr. Dozer holds a Bachelor of Science degree in business administration and accounting from the University of Arizona and is a former certified public accountant.

  • Calvin Hollis

    Calvin Hollis

    Independent Director
    View Bio

    Calvin E. Hollis has served as an independent director since March 2018. Mr. Hollis retired from his position as Senior Executive Officer, Real Estate, Countrywide Planning and Development for the Los Angeles Country Metropolitan Transportation Authority, a position he held from May 2011 until December 2017. His responsibilities included executive oversight of all real estate operations including acquisitions and dispositions, non-operating property asset management, and the commercial long-term ground lease program. From February 2009 to May 2011, Mr. Hollis served as the Acting Chief Executive Officer and then Chief Operating Officer for the Community Redevelopment Agency (CRA) of the City of Los Angeles. Prior to joining the CRA, Mr. Hollis served as a Managing Principal with Keyser Marston Associates, Inc. from March 1983 to February 2009, where he provided real estate advisory services to more than 150 public, institutional and private clients in major public-private real estate transactions. Mr. Hollis is a member of Lambda Alpha and the Urban Land Institute Public Private Partnership Counsel. Mr. Hollis received a B.A. in Economics from California State University Los Angeles.

  • Glenn Rufrano

    Glenn Rufrano

    Director
    View Bio

    Glenn J. Rufrano has served as one of the Directors of the Board since September 2016. Since April 2015, Mr. Rufrano has served as the Chief Executive Officer and a Director of VEREIT, Inc. Mr. Rufrano has served as a Director of Ventas, Inc., a publicly traded senior housing and healthcare REIT, since June 2010 and of O’Connor Capital Partners, a privately-owned, independent real estate investment, development and management firm, since October 2013. He served as Chairman and Chief Executive Officer of O’Connor Capital Partners from November 2013 through March 2015. He also served as a Director for Columbia Property Trust, Inc., a publicly traded commercial real estate REIT, from January 2015 until March 2015. Previously, Mr. Rufrano was President and Chief Executive Officer of Cushman & Wakefield, Inc., a privately-held commercial property and real estate services company, and a member of its Board of Directors from March 2010 to June 2013. From January 2008 through February 2010, he served as Chief Executive Officer of Centro Properties Group, an Australian-based shopping center company, and, from April 2007 through January 2008, Mr. Rufrano served as Chief Executive Officer of Centro Properties Group U.S. From 2000 until its acquisition by Centro Properties Group in April 2007, he served as Chief Executive Officer and a Director of New Plan Excel Realty Trust, a commercial retail REIT. He was also a co-founder of O’Connor Capital Partners. He presently serves on the Board of New York University’s Real Estate Institute.

  • Avraham Shemesh

    Avraham Shemesh

    Chairman of the Board, Chief Executive Officer and President
    View Bio

    Mr. Shemesh, Co-Founder and a Principal of CIM, has been an active real asset investor for over 26 years. Since co-founding CIM in 1994, Mr. Shemesh has been instrumental in building CIM’s real estate and infrastructure platforms which own and operate $25.7 billion of assets.  As a Principal and Head of CIM’s Investments Group, he is actively involved in the investment process and provides guidance on the diverse investment ideas across CIM’s platforms. He serves on CIM’s Investment Committee and Asset Management Committee. Additionally, Mr. Shemesh is responsible for the day-to-day operations of CIM, including strategic initiatives, asset management and leasing and partner & co-Investor relations and product management. Prior to CIM, Mr. Shemesh was involved in a number of successful entrepreneurial real estate activities, including co-founding Dekel Development, which developed a variety of commercial and residential properties in Los Angeles.

  • Calvin E. Hollis has served as an independent director since March 2018. Mr. Hollis retired from his position as Senior Executive Officer, Real Estate, Countrywide Planning and Development for the Los Angeles Country Metropolitan Transportation Authority, a position he held from May 2011 until December 2017. His responsibilities included executive oversight of all real estate operations including acquisitions and dispositions, non-operating property asset management, and the commercial long-term ground lease program. From February 2009 to May 2011, Mr. Hollis served as the Acting Chief Executive Officer and then Chief Operating Officer for the Community Redevelopment Agency (CRA) of the City of Los Angeles. Prior to joining the CRA, Mr. Hollis served as a Managing Principal with Keyser Marston Associates, Inc. from March 1983 to February 2009, where he provided real estate advisory services to more than 150 public, institutional and private clients in major public-private real estate transactions. Mr. Hollis is a member of Lambda Alpha and the Urban Land Institute Public Private Partnership Counsel. Mr. Hollis received a B.A. in Economics from California State University Los Angeles.

  • Glenn J. Rufrano has served as one of the Directors of the Board since September 2016. Since April 2015, Mr. Rufrano has served as the Chief Executive Officer and a Director of VEREIT, Inc. Mr. Rufrano has served as a Director of Ventas, Inc., a publicly traded senior housing and healthcare REIT, since June 2010 and of O’Connor Capital Partners, a privately-owned, independent real estate investment, development and management firm, since October 2013. He served as Chairman and Chief Executive Officer of O’Connor Capital Partners from November 2013 through March 2015. He also served as a Director for Columbia Property Trust, Inc., a publicly traded commercial real estate REIT, from January 2015 until March 2015. Previously, Mr. Rufrano was President and Chief Executive Officer of Cushman & Wakefield, Inc., a privately-held commercial property and real estate services company, and a member of its Board of Directors from March 2010 to June 2013. From January 2008 through February 2010, he served as Chief Executive Officer of Centro Properties Group, an Australian-based shopping center company, and, from April 2007 through January 2008, Mr. Rufrano served as Chief Executive Officer of Centro Properties Group U.S. From 2000 until its acquisition by Centro Properties Group in April 2007, he served as Chief Executive Officer and a Director of New Plan Excel Realty Trust, a commercial retail REIT. He was also a co-founder of O’Connor Capital Partners. He presently serves on the Board of New York University’s Real Estate Institute.

  • Mr. Shemesh, Co-Founder and a Principal of CIM, has been an active real asset investor for over 26 years. Since co-founding CIM in 1994, Mr. Shemesh has been instrumental in building CIM’s real estate and infrastructure platforms which own and operate $25.7 billion of assets.  As a Principal and Head of CIM’s Investments Group, he is actively involved in the investment process and provides guidance on the diverse investment ideas across CIM’s platforms. He serves on CIM’s Investment Committee and Asset Management Committee. Additionally, Mr. Shemesh is responsible for the day-to-day operations of CIM, including strategic initiatives, asset management and leasing and partner & co-Investor relations and product management. Prior to CIM, Mr. Shemesh was involved in a number of successful entrepreneurial real estate activities, including co-founding Dekel Development, which developed a variety of commercial and residential properties in Los Angeles.

Important Documents

Code of Ethics

View Document

The Board of Directors (the “Board”) of Cole Office & Industrial REIT (CCIT II), Inc. (“CCIT II”) (the “Company”) has adopted a Code of Ethics for its Principal Executive Officer and Senior Financial Officers (the “Code”) to promote honest and ethical conduct, proper disclosure of financial information in the Company’s periodic reports, compliance with applicable laws, rules and regulations, and the prompt reporting of violations of the Code.

Audit Committee Charter

View Document

The Board has appointed an Audit Committee to represent and assist the Board in its responsibilities relating to the accounting, reporting and financial practices and legal compliance of the Company and its subsidiaries. The Audit Committee has general responsibility for oversight of the accounting and financial processes of the Company and its subsidiaries, including oversight of the integrity of the Company’s financial statements, the Company’s compliance with legal and regulatory requirements, the qualification and independence of the Company’s auditors, and the performance of the Company’s internal audit function and independent auditors. Additionally, the Audit Committee is tasked with encouraging continuous improvement of, and fostering adherence to, the Company’s policies, procedures and practices at all levels, and providing an open avenue of communication among the Company’s independent auditors, financial and senior management, members of the internal auditing team and the Board.

Whistleblower Policy

View Document

The Company has adopted policies and procedures relating to the handling of whistleblower complaints regarding accounting, internal accounting controls or auditing matters and, through its external advisor, has established a third party hosted website at www.cimgroup.ethicspoint.com and secure telephone number at (855) 832-5558, to give employees the opportunity to anonymously and confidentially submit such complaints.

CCIT II SEC Filings
The properties shown on this page are owned by CCIT II.