News

American Realty Capital Trust, Inc. (“ARCT” or the “Company”) announced today that its board of directors has determined that it is in the best interest of the Company and its stockholders to internalize the management services currently provided by American Realty Capital Advisors, LLC (the “Advisor”). We refer to this transaction as the “Internalization.” As a result of the Internalization, the Company will become a self-administered real estate investment trust, managed full-time by William M. Kahane, one of the key executives who built the Company and assembled its property portfolio, and his management team, along with key personnel primarily responsible for the day-to-day operations of the Company. Also in connection with the Internalization, the Company has filed an application to list its common stock on The NASDAQ Global Select Market (“NASDAQ”) under the symbol “ARCT.” The Company anticipates that its common stock will be listed on NASDAQ on or about March 1, 2012 (the “Listing”). The Company plans to consummate the Internalization on the date the Listing occurs.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital II, LLC, the sponsor of nine public real estate companies and a business development company, announced today that it has changed its name to AR Capital, LLC (“AR Capital”) in recognition of its expanded role in creating and distributing direct investments outside its traditional base of real estate offerings. In addition, AR Capital announced that Michael Weil has been appointed President of AR Capital.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Daily Net Asset Value Trust, Inc. (“the “Company”) announced that on January 31, 2012, it purchased two additional freestanding, single-story Family Dollar stores located in Kansas, Okla. and Gloster, Miss., for an aggregate contract purchase price of approximately $1.7 million, exclusive of closing costs. The sellers of the two properties do not have a material relationship with the Company and the acquisitions were not affiliated transactions.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Trust III, Inc., (the “Company”) announced that on January 25, 2012, the Company closed its acquisition of a fee-simple interest in one building located in the Express Scripts headquarters campus in St. Louis, Missouri, at a contract purchase price of approximately $42.6 million, exclusive of closing costs.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Properties, Inc., (the “Company”) (NASDAQ: ARCP) announced today that, pursuant to the prior authorization of its board of directors, the Company has a declared an annual dividend of $0.875 per share to be paid monthly to stockholders of record at the close of business on the 8^th day of each month payable on the 15^th day of such month. Accordingly, on February 15, 2012, the Company will pay a distribution of $0.0729 per share to stockholders of record at the close of business on February 8, 2012.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Healthcare Trust, Inc. (the “Company”) announced today that it closed on the acquisition of a build-to-suit property leased to BioLife Plasma Services L.P. at a purchase price of approximately $5.7 million, exclusive of closing costs. This acquisition increases the total size of the Company’s portfolio to approximately $174.7 million, comprising 14 properties.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Properties, Inc. (“ARCP” or the “Company”) (NASDAQ: ARCP) announced today that it closed on the acquisition of a Walgreens drug store located in Eastpointe, Mich. The total purchase price for this property was approximately $3.8 million, exclusive of customary closing costs.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Properties, Inc. (NASDAQ: ARCP) today announced the tax treatment for dividend distributions taxable in 2011 on its common stock (“Common Stock”). The 2011 distribution of $0.2187 per share is classified for income tax purposes as follows...

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Healthcare Trust, Inc. (the “Company”) announced today that it closed on the acquisition of the Village Healthcare Center at a purchase price of approximately $4.5 million, exclusive of closing costs, representing the third tranche of a portfolio of 10 high-quality income producing healthcare facilities. This acquisition increases the total size of the Company’s portfolio to approximately $169.0 million comprising 13 properties.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Healthcare Trust, Inc. (the “Company”) announced today that it had raised in excess of $75.0 million in aggregate gross proceeds from all investors for its shares of common stock. Accordingly, the Company is now accepting subscriptions from all states where it has cleared, including subscriptions from residents of Pennsylvania.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Properties, Inc., (“ARCP” or the “Company”) (NASDAQ: ARCP) announced today that its board of directors authorized and the Company declared an increase to the Company’s annual dividend. The Company will increase its annual distribution by $0.005, from $0.875 to $0.880 per annum. The new annual distribution rate will accrue commencing on February 9, 2012. Distributions will continue to be paid on the 15^th day of each month to stockholders of record at the close of business on the 8^th day of such month.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Properties, Inc., (“ARCP” or the “Company”) (NASDAQ: ARCP) announced that on January 10, 2012, the Company closed its acquisition of a fee simple interest in a Social Security Administration building located in Freeport, New York, at a purchase price of approximately $4.9 million, exclusive of customary closing costs.

PHILADELPHIA--(EON: Enhanced Online News)--Philadelphia SmartCEO magazine is pleased to announce that Nicholas S. Schorsch is among the winners for the 2012 Philadelphia SmartCEO/Clifton Gunderson Future 50 awards. The award recognizes the area’s 50 fastest growing companies based on employee and revenue growth over the past three years. The impressive group leads companies that boast $10 billion in collective revenues and manage more than 55,000 employees in the Greater Philadelphia area.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Properties, Inc. (NASDAQ: ARCP), announced that CEO Nicholas S. Schorsch will ring the NASDAQ closing bell today to commemorate the NASDAQ OMX 2012 REIT IPO Forum. The conference, entitled, “The Modern REIT IPO: Dream it. Do it.”, is the first-ever real estate investment trust (REIT) industry IPO conference organized by NASDAQ OMX and is co-sponsored by American Realty Capital and Realty Capital Securities.

NEW YORK--(EON: Enhanced Online News)--Investment firm American Realty Capital (“ARC”) announced today that proven industry leader Richard Arnitz has joined the company as Executive Director of its broker dealer subsidiary, Realty Capital Securities (“RCS”) to direct the company’s strategic sales initiatives which intend to raise $3 billion of equity capital for two of its sponsored offerings, American Realty Capital Healthcare Trust and American Realty Capital Retail Centers of America.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Daily Net Asset Value Trust, Inc. (“the “Company”) announced that on January 5, 2012, it broke escrow and issued shares of common stock to its initial investors who were admitted as stockholders, including American Realty Capital II, LLC, the Company’s sponsor, which purchased $2.0 million of the Company’s retail shares at a purchase price of $9.00 per share.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Properties, Inc., (“ARCP” or the “Company”) (NASDAQ: ARCP) announced that on December 29, 2011, it closed on the acquisition of a Walgreens drug store located in Myrtle Beach, South Carolina. The total purchase price for this property was approximately $2.4 million, exclusive of customary closing costs.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Healthcare Trust, Inc. (“ARC Healthcare” or the “Company”) announced that on December 29, 2011, the Company closed its acquisition of a fee simple interest in a medical office building located in Willingboro, New Jersey, for a purchase price of approximately $3.3 million, exclusive of closing costs. The acquisition increases the total size of ARC Healthcare’s portfolio to approximately $164.5 million, comprising 12 properties.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital (“ARC”), an investment advisory firm, announced today that Andrew Winer has joined the company to lead a number of the firm’s strategic debt initiatives. Reporting directly to Nicholas S. Schorsch, CEO, and Bill Kahane, President, Mr. Winer will be charged with advising ARC, its affiliates and subsidiaries in connection with debt capital markets. Mr. Winer will be responsible for arranging corporate lines of credit and other loan facilities for all of ARC’s investment programs, including its business development company, Business Development Corporation of America, and its NASDAQ-listed company, American Realty Capital Properties (NASDAQ: ARCP), participating actively with rating agencies on securing corporate credit ratings for all of ARC’s companies, and designing investment strategies for both commercial debt and structured debt products.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Properties, Inc., (the “Company”) (NASDAQ: ARCP) announced today that, pursuant to the prior authorization of its board of directors, the Company has a declared an annual dividend of $0.875 per share to be paid monthly to stockholders of record at the close of business on the 8^th day of each month payable on the 15^th day of such month. Accordingly, on January 15, 2012, the Company will pay a distribution of $0.0729 per share to stockholders of record at the close of business on January 8, 2012.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Healthcare Trust, Inc., (“ARC Healthcare” or the “Company”) announced that, on December 19, 2011, the Company closed its acquisition of a ground leasehold interest in a three-story outpatient center known as the "Methodist North Medical Office Building," located in Peoria, Illinois, for a purchase price of approximately $24.6 million, exclusive of closing costs. In addition, the Company closed on an acquisition of a ground leasehold interest in a medical office building known as the "Dr. Albert B. Finch Medical Office Building" located in the campus of the Odessa Regional Medical Center located in Odessa, Texas, for a purchase price of approximately $7.4 million, exclusive of closing costs. These two acquisitions increase the total size of ARC Healthcare’s portfolio to approximately $161.2 million comprised of 11 properties. The two acquisitions total 112,522 square feet.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital (“ARC”), an investment advisory firm, announced today that Lavea Thomas and Diana Keary have joined the company’s broker dealer subsidiary, Realty Capital Securities (“RCS”) to lead a number of the business unit’s strategic initiatives.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Daily Net Asset Value Trust, Inc., (“ARC Daily NAV” or the “Company”) announced today that, consistent with its investment strategy, it had entered into contracts to acquire a freestanding Dollar General store located in Illinois (Alorton) and three freestanding Family Dollar stores located in Mississippi (Gloster and Woodville) and Oklahoma (Kansas). The aggregate purchase price for the four properties is approximately $3.4 million, exclusive of closing costs, at a capitalization rate of 9.08%.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Trust III, Inc. (the “Company”) announced that on December 12, 2011, the Company closed its acquisition of a fee-simple interest in one free standing Dollar General store located in Birmingham, Alabama at a purchase price of approximately $1.3 million, exclusive of closing costs. In addition, on December 13, 2011, the Company closed its acquisition of a fee-simple interest in a Social Security Administration building located in Cocoa, Florida at a purchase price of approximately $2.0 million, exclusive of closing costs. These acquisitions increase the total size of the Company’s portfolio to approximately $54.7 million. The acquisitions total approximately 17,000 rentable square feet.

NEW YORK--(EON: Enhanced Online News)--American Realty Capital Properties, Inc., (“ARCP” or the “Company”) (NASDAQ: ARCP) announced that on December 12, 2011, it closed on the acquisition of a free standing, single-tenant commercial building leased to leading automotive aftermarket retailer Advance Auto Parts. The total purchase price for this property was approximately $1.0 million, exclusive of customary closing costs. This property is the sixth and final property of the Advance Auto Parts portfolio purchased on November 23, 2011.

New York, NY, December 10, 2011 -- American Realty Capital Healthcare Trust, Inc., (“ARC Healthcare” or the “Company”) announced today that its board of directors had approved and the Company declared an increase to the Company’s distribution rate from a 6.60% to a 6.80% annualized rate based on the common share price of $10.00. The dividend increase is expected to be covered by MFFO.

New York, NY, November 2, 2011 -- American Realty Capital Properties, Inc., (“ARCP” or the “Company”) (NASDAQ: ARCP) announced today it has closed its previously announced underwritten public offering of 1,500,000 shares of its common stock at a price of $10.50 per share, which excludes any exercise by the underwriters of their option to purchase 225,000 common shares to cover over-allotments. The Company received approximately $14.4 million in net proceeds from the offering after deducting the underwriting discount and other estimated offering expenses payable by the Company. The Company intends to use the net proceeds from the offering to make additional property acquisitions, pay related fees and expenses, and for general working capital purposes.

Healthcare Trust of America, Inc. ("HTA" or the "Company"), a self-managed, non-traded, real estate investment trust, announced today that Wells Fargo and Deutsche Bank  have committed to and will serve as Joint Lead Arrangers and Joint Bookrunners for the Company's $200 million unsecured revolving credit facility.

The Wall Street Transcript has just published its Medical Real Estate Report offering a timely review of the sector to serious investors and industry executives. This Special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers

Real estate investment trusts (REITs) of all types -- publicly traded, publicly registered but not traded, and so-called private REITS -- have been fairly aggressive in raising and deploying capital in the current market.

But few have been as aggressive as Nicholas S. Schorsch, chairman and chief executive officer of real estate advisory firm American Realty Capital. Schorsch recently sponsored his fifth non-traded REIT, American Realty Capital - Retail Centers of America Inc., which targets power and lifestyle centers, grocery-anchored shopping centers and other necessity-based U.S. centers for acquisition.

Realty Capital Securities (“RCS”), member FINRA, SIPC, announced today that it has reached a key milestone in building out its open architecture wholesale broker-dealer as the premier distribution platform for public and private direct investment programs. In less than 20 months, RCS has raised $1 billion of equity for a diverse group of high quality public real estate companies

Healthcare Trust of America, Inc. ("HTA" or the "Company"), a self-managed, non-traded, real estate investment trust, announced results for the second quarter ended June 30, 2010. The Company increased funds from operations ("FFO") for the fourth consecutive quarter since transitioning to self management in the third quarter of 2009. The Company's FFO were $18.8 million for the quarter ended June 30, 2010, an increase of 13% from the first quarter FFO of $16.7 million and an increase of 110% over the comparable prior year quarter. In addition, the Company achieved net income of $245,000 for second quarter of 2010 compared to a net loss of $3.5 million for the second quarter of 2009.

 

Healthcare Trust of America, Inc. ("HTA"), a self-managed, non-traded, real estate investment trust, announced the completed acquisition of a medical office building in San Luis Obispo, California (the "Sierra Vista MOB") for approximately $10,950,000.

American Realty Capital Trust, Inc. filed a registration statement with the U.S. Securities Exchange Commission to register $325 million shares of common stock for the follow on offering to its initial public offering.

In addition, at the end of July the Company entered into a credit agreement with Capital One, N.A., providing for a secured revolving line of credit in the amount of $30 million. On August 5th, the Company entered into another credit agreement, this one with U.S. Bank, for a secured revolving line of credit of $20 million, which will automatically increase to $30 million six months after closing, giving the company access to $60 million under both facilities once they are fully collateralized.

Healthcare Trust of America, Inc. ("HTA"), a self-managed, non-traded, real estate investment trust, announced the execution of a purchase and sale agreement to acquire a medical office building located in for approximately $12,400,000

A record number of non-traded real estate investment trusts were launched in 2009, adding 12 new REITs to the universe of 36, independent research firm Blue Vault Partners announced this week.

Companies introducing the REITs are hoping to capitalize on investors’ appetite for commercial real estate stocks, the Atlanta-based firm, which focuses on the real estate investment securities market, said in a release.

New research indicates that a record number of nontraded real estate investment trusts (REITs) were launched in 2009, an indication that the REIT industry is attempting to capitalize on investors' appetite for commercial real estate stocks, according to Blue Vault Partners LLC, the Atlanta firm that conducted the research.

American Realty Capital Trust's Board of Directors approved a special distribution of $0.05 per share payable to shareholders of record as of December 31, 2009.

Two mortgage real estate investment trusts completed their initial public offerings at half the size they had originally targeted due to limited demand, casting a shadow over similar upcoming IPOs.

On September 18, 2009, American Realty Capital Trust, Inc. acquired a portfolio of ten newly-constructed retail stores (the "Stores") directly from CVS Caremark Corporation ("CVS"). The Stores contain an aggregate of 131,105 square feet, located in 9 states - Illinois, South Carolina, Texas, Georgia, Michigan, New York, Arizona, North Carolina and California. The aggregate purchase price is approximately $40.8 million, inclusive of all closing costs and fees.

Realty Capital Securities, LLC (an affiliate of American Realty Capital) becomes the exclusive dealer manager for Healthcare Trust of America, Inc. (formerly known as Grubb & Ellis Healthcare REIT, Inc.)

Realty Capital Securites, LLC, affiliated broker-dealer of American Realty Capital, has added a new client to its open broker-dealer system, United Development Funding IV.

American Realty Capital Trust, Inc. ("ARCT" or the "REIT") acquired a fee ownership interest in a Walgreens retail location on July 17, 2009, 100% leased under a triple-net lease structure to Walgreen Co. (NYSE: WAG). WAG is rated A+ by Standard & Poor's.

Appointments Expand Reach of Industry's First Open Architecture Platform. American Realty Capital today announced the appointment of two new sales managers, Jeff Kinney and Steve Williams, to Realty Capital Securities, LLC, the company's broker dealer unit and an affiliate of American Realty Capital Trust, Inc.

Nicholas S. Schorsch, Chairman and CEO of American Realty Capital, hopes his new open broker-dealer system will encourage more sponsors to launch non-traded REITs.

William M. Kahane, President and Chief Operating Officer of American Realty Capital, discusses raising capital in the non-traded REIT space.

American Realty Capital Trust, Inc. ("ARCT" or the "REIT") anticipates acquiring by June 15, 2009, a newly constructed freight facility entirely net leased to FedEx Freight and guaranteed by FedEx Corporation (the "FedEx Facility").  FedEx Corporation is rated BBB by Standard & Poor's.

American Realty Capital today announced the appointment of Steve Rokoszewski as Vice President - National Sales Desk for Realty Capital Securities, LLC, the broker dealer affiliate of American Realty Capital Trust, Inc.

American Realty Capital Trust, Inc. ("ARCT" or the "REIT") announced today that its Board of Directors has approved an increase in its annual cash distribution from $.65 to $.67, paid monthly.

American Realty Capital announced today that Kamal Jafarnia has been named Executive Vice President and Chief Compliance Officer of Realty Capital Securities, LLC, the dealer manager for its affiliated real estate investment offerings, and Senior Vice President of American Realty Capital Advisors, LLC.

American Realty Capital announced today that it has completed the transition of recordkeeping for its real estate investment trust (REIT) products to DST Systems, Inc., the largest, third-party mutual fund shareholder recordkeeping service in the United States.

American Realty Capital has named Louisa Quarto as Senior Vice President where she will be responsible for  building the independent broker-dealer selling group and overseeing compliance activities for Realty Capital Securities, LLC.

American Realty Capital announced the appointment of Nicholas Corvinus as Executive Managing Director of Realty Capital Securities, LLC, the broker-dealer affiliate of American Realty Capital Trust, Inc., a Real Estate Investment Trust.

American Realty Capital Trust Inc., a newly formed company that will operate as a non-traded REIT, plans to kick off acquisition activities as a public company with a big purse of as much as $1.5 billion by selling as many as 150 million shares of common stock.