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Cole Companies Acquires $356 Million in Real Estate During the First Quarter of 2007.

PHOENIX -- Cole Companies acquired 34 properties during the first quarter of 2007, totaling over $356 million and 3,145,540 square feet.

Chris Robertson, Cole's Senior Vice President of Acquisitions, noted, "Our acquisitions team had a robust first quarter and propelled us more

than one-third of the way to our stated annual goal of $1 billion in closed retail transactions for the year. Our pipeline continues to grow, and our commitment to quality has positioned Cole as the 'go to' company in the commercial retail marketplace."

The company acquired the following properties during the first quarter of 2007:

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About Cole Companies

Cole Companies is a leading real estate investment management firm that is focused on the acquisition of quality commercial real estate. Primarily, Cole is focused on freestanding, single-tenant properties leased to high-quality tenants in a variety of retail businesses as well as multi-tenant, office and industrial properties that compliment our overall investment strategies. Since 1979, Cole has formed and managed over 100 investment programs, owning and/or managing real estate with a combined acquisition and development cost in excess of $2 billion.

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