ATLANTA-Wells Core Office Income Operating Partnership, the operating partnership of Wells Core Office Income REIT, has increased its existing line of credit from $70 million to $300 million on more favorable terms. The group reserves the right to increase the total facility to $400 million.

Regions Bank and U.S. Bank National Association, which includes a total of 12 lenders, led the revolving credit facility. Chris Daniels, managing director of Capital Markets for Wells, handled the transaction. Daniels’ colleagues, Pam Berrier and Christi Cool, assisted him.

“Market conditions provided us with the opportunity to extend our line of credit on attractive terms so we moved quickly,” Doug Williams, executive vice president and treasurer at Wells Core REIT, tells GlobeSt.com. “This extension affords Wells Core REIT enhanced flexibility to pursue the quality deals our investors expect of us.”