VEREIT, Inc., formerly American Realty Capital Properties, Inc., is an estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. Through its REI segment, it owns and manages a portfolio of approximately 4,435 retail, restaurant, office and industrial real estate properties with an aggregate of approximately 99.6 million square feet, which are located in over 50 states, the District of Columbia, Puerto Rico and Canada. Through its Cole Capital segment, it is responsible for raising capital for and managing the affairs of certain non-traded real estate investment trusts (REITs) (the Managed REITs) on a day-to-day basis, identifying and making acquisitions and investments on behalf of the Managed REITs. The REI segment's operations are conducted through VEREIT Operating Partnership, L.P. The Cole Capital segment's operations are conducted through Cole Capital Advisors, Inc.