VEREIT, Inc. is a full-service real estate operating company with investment management capability. VEREIT® owns and actively manages a diversified portfolio of retail, restaurant, office and industrial real estate assets with a total asset book value of $17.4 billion including 4,435 properties totaling approximately 99.6 million square feet. Additionally, VEREIT manages $6.7 billion of gross real estate investments on behalf of the Cole Capital® REITs.
As a full-service real estate operating company, VEREIT is driven to serve our tenants, stakeholders and employees through dicipline, transparency and consistency.
VEREIT participated in a joint venture purchase of two office towers leased to AT&T, Inc. in April 2013. The properties are located in the Midtown submarket of Atlanta, the second largest business district in the metro area and one of Atlanta’s most prestigious and dynamic business districts. After considerable property value appreciation, VEREIT disposed its interest in the assets. The transaction was part of VEREIT’s strategy to cull non-controlled joint ventures and allowed the Company to reduce balance sheet debt. Read More.
Acquisition | Urbana, MD (Washington D.C. MSA)
VEREIT purchased a two-story, 115,758 square foot Class-A office building located in Urbana, MD - a master-planned community within the metropolitan areas of both Washington D.C. and Baltimore, MD. Based on the financial strength of the tenant, the mission-critical status of the property as a U.S. corporate headquarters, the long-term lease and the quality location of the property, the asset made a strong addition to the VEREIT portfolio. The property serves as the U.S. headquarters for Banner Life Insurance. Read More.