Tuesday, May 28, 2013

The Hunger Games

American Realty Capital Properties' (ARCP) acquisition appetite advances unabated.  According to this Bloomberg article, ACRP agreed to acquire CapLease Inc. in a deal valued at $2.2 billion.  CapLease is a net lease REIT that according to Bloomberg:
CapLease, based in New York, owns real estate across the U.S. ranging from single-tenant office buildings to distribution centers. Its largest tenants include the federal government, Aon Corp. and Kroger Co., according to the filing. The acquisition, which is expected to be completed in the third quarter, will add more than 70 properties to American Realty’s portfolio, bringing its total to about 800.
Here is InvestmentNews' article on the merger

1 comment:

Anonymous said...

Best NTREIT sponsor and becoming best REIT team. No other NTREIT sponsor is close right now. Nice to see them change an industry.