Under its new ownership, “the structure and operations of the Cole REITs should continue without disruption,” says Bill Miller, CEO of what is now known as CCO Capital LLC. Get alerted any time new stories match your search criteria. Create an alert to follow a developing story, keep current on a competitor, or monitor industry news. PHOENIX—VEREIT Inc. said Thursday afternoon it had closed on its sale of Cole Capital to an affiliate of CIM Group. The previously announced transaction enables VEREIT to simplify its business model and focus on its core real estate operating business.