American Realty to acquire $416M in additional net lease properties American Realty announced that it had assembled a second half 2013 pipeline of $1.1B of acquisitions under agreement, in line with its recently announced 2H13 acquisitions guidance. The $1.1B portfolio is expected to be purchased at an average capitalization rate of 8%, also in line with its recent guidance. The purchases include a $416.5M portfolio of 40 properties which are net leased to 26 tenants, diversified across 21 industries and 20 states. ARCP's board of directors approved such acquisition in two tranches on August 2 and August 5. The 40 properties are expected to be purchased at an 8.8% average capitalization rate.
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