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Jan 12, 2012

American Realty Capital Properties, Inc. Acquires Social Security Administration Building



American Realty Capital Properties, Inc
., (“ARCP” or the “Company”) (NASDAQ: ARCP) announced that on January 10, 2012, the Company closed its acquisition of a fee simple interest in a Social Security Administration building located in Freeport, New York, at a purchase price of approximately $4.9 million, exclusive of customary closing costs.

The Social Security Administration property consists of a freestanding one-story building totaling approximately 12,000 rentable square feet and is 100% leased to the United States of America, which has an investment-grade credit rating as determined by major credit rating agencies. The original lease term is 10 years with 7.4 years currently remaining.

“We are extremely pleased to have purchased this Social Security Administration property,” commented Nicholas Schorsch, Chairman and Chief Executive Officer of ARCP. “It will further enhance our portfolio by adding another investment-grade tenant providing essential services to the community. This is a well-located, in-fill property that was recently renovated to U.S. Government and Social Security Administration specifications, and is further indicative of the robust buying opportunities available to us.”

Schorsch added, “Since closing our secondary offering in early November, we have acquired 28 properties. Our total portfolio presently consists of 91 properties leased to seven tenants in six industry groups, with a total purchase price of approximately $153.5 million.”

American Realty Capital Properties, Inc. is a publicly-traded Maryland corporation listed on The NASDAQ Capital Market that intends to qualify as a real estate investment trust focused on owning and acquiring single tenant freestanding commercial properties subject to net leases with high credit quality tenants. Additional information about the Company can be found on the Company’s website at www.americanrealtycapitalproperties.com.

For more information about this announcement, please contact Tony DeFazio of DeFazio Communications, LLC at 484-532-7783 or tony@defaziocommunications.com.


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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