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Cole Credit comments on withdrawal of proposal from American Realty

Cole Credit Property Trust III issued the following statement regarding the announcement by American Realty Capital Properties (ARCP) that it has withdrawn its unsolicited proposal to acquire CCPT III: "Recent public activities have highlighted, if nothing else, the industry leading nature and robust value of our portfolio and business model. We thank all of our broker dealers, financial advisors and stockholders for their support. We remain confident that we are extremely well-positioned to drive long-term stockholder value and look forward to our anticipated listing on the New York Stock Exchange in June 2013, which will provide stockholders with a clear path to liquidity. CCPT III's recently completed acquisition of Cole Holdings Corporation enhances our world class real estate company and provides investors the benefits of owning high-quality, income-producing real estate leased long-term to credit-worthy corporations."