COLE CREDIT PROPERTY TRUST V, INC. FILES (8-K) Disclosing Other Events

Edgar Glimpses |

Item 8.01 Other Events





Cole Credit Property Trust V, Inc. (the "Company") has engaged Duff & Phelps,
LLC ("Duff & Phelps") to perform valuation services to assist the Company's
board of directors (the "Board") with determining an updated estimated value per
share of the Company's common stock as of . Duff & Phelps
previously assisted the Board in connection with its most recent estimated value
per share determination of $24.00 as of , which was the first
time that the Board had determined an estimated value per share of the Company's
common stock.
The engagement of Duff & Phelps was approved by a valuation committee of the
Board comprised solely of the Company's independent directors, including the
independent Chairman of the Board, in accordance with the valuation policies
previously adopted by the Board. The valuation will be performed in accordance
with the valuation guidelines established by the Investment Program Association
Practice Guideline 2013-01, Valuations of Publicly Registered Non-Listed REITs.
The valuation is being done to assist broker-dealers in meeting their customer
account statement reporting obligations under National Association of Securities
Dealers Conduct Rule 2340. The Company currently expects to announce the updated
estimated value per share in late . The estimated value per share will
ultimately be the decision of the Board.
For purposes of any redemption requests made during the fourth quarter of 2016
and accepted for redemption under the Company's share redemption program, the
estimated value per share of the Company's common stock as of ,
$24.00, will continue to serve as the most recent estimated value for
determining the applicable per share redemption price. The updated estimated
value per share as of  will serve as the most recent estimated
value per share beginning with redemption requests made during the first quarter
of 2017 and for any unfulfilled redemption requests made during the fourth
quarter of 2016 that are resubmitted and processed during subsequent redemption
periods.




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