American Realty Capital spends $3.1B on yet another REIT acquisition

07/2/2013 | Bloomberg

American Realty Capital Properties has agreed to acquire American Realty Capital Trust IV for about $3.1 billion. Nicholas Schorsch heads up both companies as chairman and CEO, and this move is seen as the latest in a series of transactions as Schorsch works toward making American Realty Capital Properties a leading U.S. landlord.

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