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Jan 14, 2010

PHILLIPS EDISON-ARC SHOPPING CENTER REIT AIMS TO RAISE $1.8 BILLION


Phillips Edison, a Cincinnati investment manager, is looking to tap retail investors through a non-traded REIT that aims to raise nearly $1.8 billion of equity. The company has selected American Realty Capital Advisors to manage the entity, Philips Edison-ARC Shopping Center REIT Inc.

Phillips Edison-ARC will pursue small-to middle-market retail centers in densely populated areas with high barriers to entry, with a focus on grocery-anchored shopping centers that are better than 80 percent leased. It aims for properties that can be had for $20 million or less. And given market conditions, it expects it will be able to purchase properties at discounts to their replacement costs.

Visit CommercialRealEstateDirect.com to read the full story.


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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