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Slide #17. American Realty Capital Properties — American Realty Capital Trust IV
American Realty Capital Properties (ARCP)
American Realty Capital Trust IV
American Realty Capital Properties, Inc. ("ARCP") (NASDAQ: ARCP) today closed its previously announced transaction to acquire American Realty Capital Trust IV, Inc. ("ARCT IV"), following the approval of the transaction by ARCT IV stockholders at ARCT IV's special meeting. 99.0% of the ARCT IV shares voted were voted in favor the merger, representing 67.0% of all ARCT IV shares eligible to vote.
VEREIT is a real estate investment trust. Co. is a real estate company that acquires, owns and operates single-tenant, free-standing commercial real estate properties. Co. focuses on investing in properties that are net leased to credit tenants, which are generally public companies, and governmental, quasi-governmental and not-for-profit entities. Co. is also engaged in the private capital management (PCM) business. The PCM business sponsors and manages direct investment programs. As of Dec 31 2013, Co. owned 3,710 properties, comprised of 101,500,000 square feet and located in 48 states, the District of Columbia, and Puerto Rico.
Open the ARCP Page at The Online Investor »
Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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