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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. Â The move will provide financial advisors and investors with comprehensive investment support; including 24/7 web-based account management services and an advanced transfer agency and recordkeeping system.
"This technology has been utilized by the mutual fund and variable annuity industries for some time," said Nicholas Schorsch, CEO of American Realty Capital. "We are excited to be at the forefront of bringing this advanced platform to the non-traded REIT industry and to provide our investors and financial advisors with sophisticated transfer agency capabilities and flexible access to account information."
Financial advisors with clients in American Realty Capital's investment offerings will also gain access to DST Vision®, an account management website for independent financial intermediaries that offers a full range of functionality including customer portfolio management, electronic statements and transaction processing.
"This conversion represents another industry validation of DST's new REIT processing capabilities," said Chris Shaw, operations officer at DST Systems. "We look forward to a long-standing relationship with American Realty Capital and to leveraging DST's technology, people and processes to help ARC achieve its goals."
About American Realty Capital
American Realty Capital is a real estate finance and investment firm founded by Nicholas S. Schorsch and William M. Kahane. Previously, as CEO and board member, respectively, the two were behind the growth of American Financial Realty Trust, where they acquired over 1,500 properties valued at more than $5 billion. Â In the last five years, ARC's executive team has collectively negotiated and closed on over $7 billion of net leased real estate, including bank branches.
About DST Systems, Inc.
DST Systems, Inc. provides sophisticated information processing and computer software products and services to support the mutual fund, investment management, insurance and healthcare industries. In addition to technology products and services, DST provides integrated print and electronic statement and billing output solutions through a wholly owned subsidiary. DST's world class data centers provide technology infrastructure support for mutual fund companies around the globe. DST is headquartered in Kansas City, MO., and is a publicly traded company on the New York Stock Exchange.
For more information, visit www.americanrealtycap.com.
This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors.
This material does not constitute an offer to sell nor a solicitation of an offer to buy any securities described herein or otherwise. Only a prospectus for a specific securities offering makes such an offer. In that regard, the use of this material is authorized only when it is accompanied or preceded by a prospectus. Further, all information contained in this material is qualified by the terms of a current Prospectus of the offering of securities to which it relates, if any.
This material may contain forward-looking statements that involve assumptions, uncertainties and risks, some of which are set forth below. These statements are not guarantees and should not be regarded as representations that the results or conditions described in such statements, or that our objectives and/or plans, will be achieved.
A real estate investment program offering is subject to the following Risks: The failure to qualify, or maintain the requirements, to be taxed as a REIT would reduce the amount of income available for distribution and limit a REIT's ability to make distributions to its stockholders. No public market initially exists for a REIT's shares of common stock, and one may never exist for this or any other such type of real estate program. Securities are being offered on a best efforts basis. These are speculative securities and as such involve a high degree of risk. There are substantial conflicts among an offering and its sponsor, advisor, dealer manager and property manager. There is no assurance that the value of the real estate will be sufficient to return any portion of investors' original capital. Operating results will be affected by economic and regulatory changes that have an adverse impact on the real estate market and we cannot assure you that there will be growth in the value of the properties.
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Realty Capital Securities, LLC, Three Copley Place, Suite 3300, Boston, MA 02116, T 877-373-2522
American Realty Capital Trust, Inc., 405 Park Avenue, 15th Floor, New York, NY 10022, T 212-415-6500
American Realty Capital Advisors, LLC, 106 York Road, Jenkintown, PA 19046, T 215-887-2189
Realty Capital Securities, LLC (Member FINRA/SIPC), an affiliate of American Realty Capital Trust, Inc., is the dealer-manager for American Realty Capital Trust, Inc. Investors should consider a fund's investment objectives, risks, charges and expenses before investing. The Prospectus contains this as well as other important information. Carefully read and consider the information contained in the Prospectus before you invest or send money. The information on this site must be read in conjunction with the Prospectus in order to fully understand all the implications and risks of the offering of securities to which it relates. A copy of the Prospectus must be made available to you in connection with this offering.
Properties depicted in the photographs are of assets held in either American Realty Capital's current offerings or past real estate investment programs sponsored by American Realty Capital.
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