American Realty's Recovery REIT eyes $1B in acquisitions

10/30/2013 | Real Estate Weekly (New York)

American Realty Capital's New York Recovery REIT has $1 billion in acquisition fire power and a "loose target" to buy that amount in commercial real estate in Manhattan over the next year, according to Chief Investment Officer Michael Happel, who added that the REIT would be willing to spend even more. The REIT just acquired 1440 Broadway for $523.8 million.

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Real Estate Weekly (New York)

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