Sunday, June 02, 2013
More Hunger Games
On Friday, American Realty Capital Properties (ARCP) announced its second acquisition in a week, acquiring a $807 million portfolio of net leased assets from GE Capital. Early last week ARCP agreed to acquired NYSE-listed CapLease in a $2.2 billion transaction. According to Bloomberg, the 471-property GE Capital portfolio consists mainly net leased restaurant properties, including IHOP, Jack in the Box, Burger King and Taco Bell. The transaction allows ARCP to achieve its 2013 goal of $1.1 billion in acquisitions, and pushes number of properites to over 1,200.