February 01, 2010 07:07 ET

Inland American, Inland Western, Cole Credit II, Wells II and Piedmont RIT Tendered

SCOTTSDALE, AZ--(Marketwire - February 1, 2010) - REITCO LLC announced today that it is topping the current tender offers for five major, non-traded REITs. Investors may not be aware that many mini tender offers are often priced 25% to 50% below fair price. REITCO provides alternative pricing for non-traded REITs that usually exceeds previous tenders.

Currently REITCO LLC is actively tendering for the following REITs:

Inland American Real Estate Trust (457281-10-3)        $4.10 per unit
Inland Western Retail Real Estate Trust (45750W-10-6)  $2.30 per unit
Cole Credit Property Trust II (19326N-10-6)            $4.00 per unit
Wells Real Estate Investment Trust II (95000S-10-8)    $4.25 per unit
Piedmont Office Real Estate Trust (old 720190-10-7)    $40.75 per
                                                       "share package"*

*share package equals one share of each 720190-20-6, 720190-30-5,
720190-40-4, and 720190-50-3; or 12 shares of 720190-10-7

Details and documents for these tenders can be found at REITCOLLC. You can reach REITCO LLC at or 602-721-4730.

REITCO is a leading purchaser of units of non-traded REITs and limited partnerships. Contact REITCO for a quote on any non-traded asset. For additional information related to this release or REITCO, contact Larry Cohen at 602-721-4730.

Contact Information

  • Contact:
    Larry Cohen