ARC IPO

American Realty Capital Properties, Inc. had its IPO late yesterday at $12.50 per share, and is now listed on NASDAQ with the symbol ARCP. ARCP raised $69.75 million and has a market capitalization of $116 million.  As part of its IPO, it declared an annual dividend of $.875 per share, for a yield of 7% based on the IPO price of $12.50.  I need to watch this REIT's filings to see how it dealt with all its debt.