ARCP To Spin Off $2.28 Billion Portfolio of Multi-Tenant Retail Into New REIT
New York – The new REIT, American Realty Capital Centers, Inc., will own 69 properties in 26 states.
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New York – The new REIT, American Realty Capital Centers, Inc., will own 69 properties in 26 states.
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New York City and Phoenix — The transaction will create the largest net lease REIT with a value of $21.5 billion.
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New York City — The portfolio includes 471 net-lease properties.
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New York City — The transaction is expected to close during the third quarter.
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Phoenix — CCPT III will pursue a listing on the New York Stock Exchange in June.
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Escondido, Calif. — The deal will close later this year or early 2013.
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