REITs M&A » By The Online Investor Staff, updated Tue., Apr. 30, 5:59 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
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April 30, 2024 5:59 AM Eastern
Hold (2.00 out of 4)
100th percentile
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