The Online Investor



REITs M&A image REITs M&A » By The Online Investor Staff, updated Tue., Mar. 19, 4:20 AM Recent mergers and acquisitions in the REITs M&A category.

Slide #10. American Realty Capital Properties, Inc. Fortress Portfolio

Acquirer: American Realty Capital Properties, Inc. (ARCP)
Acquiree: Fortress Portfolio
Details: American Realty Capital Properties, Inc. ("ARCP") (NASDAQ: ARCP) announced today that it had completed its acquisition of 120 properties from affiliates of funds managed by Fortress Investment Group LLC ("Fortress") for a contract purchase price of $601.2 million, exclusive of closing costs. The portfolio includes 17 tenants and has an average remaining lease term of 12.9 years.

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: 
VEREIT Inc
Stock buyback: 
ARCP buyback
Website: 
www.arcpreit.com
Sector: 
REITs
 

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

Quotes delayed 20 minutes

Email EnvelopeFree ARCP Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

REITs M&A - Slide 10 of 60 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2024, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.