Sales at the once-tarnished company are up fourfold this year
May 17, 2016 @ 1:35 pm | By Bruce Kelly | Investment News
After a disastrous 2015, Cole Capital Corp. has rebounded strongly in a tough market environment and seen more than a fourfold increase in sales of nontraded real estate investment trusts over the first four months of this year.
According to investment bank Robert A. Stanger & Co. Inc., Cole Capital raised $204.7 million in equity through April. That’s compared with just $48.7 million in equity raised for the same period last year, according to Stanger.
The well-attended Blue Vault session at the recent National Planning Holdings National Conference was very well received. The value of their products was evidenced by the volume of questions from the attendees. Stacy Chitty, Managing Partner, did an excellent job of explaining the history, strategy and value of Blue Vault data.