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Description of Business
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Cole Office & Industrial REIT (CCIT II), Inc. (the "Company," "we," "our" or
"us") is a non-exchange traded REIT formed as a Maryland corporation on February
26, 2013. We elected to be taxed, and currently qualify, as a REIT for U.S.
federal income tax purposes commencing with our taxable year ended December 31,
2014. We primarily acquire commercial real estate assets primarily consisting of
single-tenant, income-producing necessity office and industrial properties,
which are leased to creditworthy tenants under long-term "net leases", including
distribution facilities, warehouses, manufacturing plants and corporate or
regional headquarters in strategic locations. As of December 31, 2019, we owned
24 properties comprising approximately 3.7 million rentable square feet of
commercial space located in 12 states, which were 99.8% leased.
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