PHOENIX-Prolific non-traded REIT sponsor Cole Real Estate Investments has registered two new non-traded REITs with the Securities and Exchange Commission: one for Cole Advisor Retail Income REIT Inc. and the other for Cole Advisor Corporate Income REIT Inc.

The newest REITs share some similarities with publicly-traded REITs and are a relatively new offering to the non-traded REIT world – the purchase price for the REIT stock will vary from day to day, and investors will be able to sell shares on a daily basis.

Each REIT has filed for an initial offering of up to $3.5 billion. The two non-traded REITs join other Cole investment vehicles including Cole Credit Property Trust II and III. The newest REITs will invest primarily in single-tenant, income producing commercial properties that are leased to creditworthy tenants under long-term net leases, according to a statement from the company.