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News Breaks | | | | February 1, 2013 | | 06:17 EDT |  | ARCP | American Realty accelerates closing of $21.9M of acquisitions
American Realty announced that it has closed $21.9M of the $54.8M of acquisitions under agreement that it announced on January 22. ARCP intends to close the acquisition of the remaining properties within the next 30 days. The company accelerated the $21.9M of purchases in order to use the proceeds received from its recent successful 2.07M share follow-on equity offering. The acquisitions include five single tenant freestanding, net leased properties with 59,034 rentable square feet and an average remaining lease term of 6.9 years. The properties are located in four states and were purchased at a weighted average capitalization rate of 8.9%. The five properties are leased to Walgreens, Family Dollar, Fresenius and Pilot Flying J. | |
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News For ARCP From The Last 14 Days Check below for free stories on ARCP the last two weeks. |
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| May 6, 2013 | | 06:27 EDT |  | ARCP | American Realty reports Q1 adjusted FFO 20c, consensus 17c
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