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Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Sat., Feb. 29, 8:17 AM Recent mergers and acquisitions in the Real Estate M&A category.

Slide #52. American Realty Capital Properties, Inc. American Realty Capital Trust IV, Inc.

Acquirer: American Realty Capital Properties, Inc. (ARCP)
Acquiree: American Realty Capital Trust IV, Inc.
Details: American Realty Capital Properties, Inc. ("ARCP") (NASDAQ: ARCP) and American Realty Capital Trust IV, Inc. ("ARCT IV") announced today that they have signed a definitive merger agreement whereby ARCP will acquire all of the outstanding shares of ARCT IV for stock and cash in a transaction valued at approximately $3.1 billion. As a result of this and other previously announced acquisitions, ARCP will own 2,579 single tenant properties net leased to 470 tenants across 29 industries in 48 states. ARCP's projected pro forma enterprise value will be approximately $10 billion, with annualized rent of more than $527 million, of which 57% will be from investment grade tenants. The merger agreement has been approved by the independent directors of both companies, and is subject to customary closing conditions, including stockholder votes by both companies. The acquisition is expected to close by the end of the third quarter of 2013. Stockholders of record for each company as of July 2, 2013 will be entitled to vote on the proposals related to the merger.

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.

Preferred: ARCPP

Open the ARCP Page at The Online Investor »

Company Name: 
Stock buyback: 
ARCP buyback

Open the ARCP Page at The Online Investor (in a new window) »

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Real Estate M&A - Slide 52 of 91 Page |

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