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Ropes & Gray Represents Special Committee of Cole Credit Property Trust II in $7.1 Billion Merger with Spirit Realty Capital

January 23, 2013 Practices: Mergers & Acquisitions, Mergers & Acquisitions Litigation, Private Equity, Securities & Public Companies

A team of Ropes & Gray attorneys advised the Special Committee of Cole Credit Property Trust II (“CCPT II”) on a definitive agreement for Spirit Realty Capital, Inc. (“Spirit Realty”), and CCPT II to merge their companies to create the second largest publicly traded triple-net-lease REIT in the United States with a pro forma enterprise value of approximately $7.1 billion.

The combined company will own or have an interest in 2,012 properties in 48 states. It will have a significantly enhanced scale and scope, a more broadly diversified portfolio of high-quality real estate assets and enhanced access to capital. The deal was announced on January 22 and completion of the transaction is subject to the receipt of approval of the majority of shares outstanding of Spirit Realty and CCPT II and customary regulatory approvals and closing conditions.

The Ropes & Gray team included M&A partner Amanda Morrison, investment management partner John Loder and business & securities litigation partner Peter Welsh.