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$3B merger for realty groups; $400M in acquisitions planned for 2013

December 18, 2012 03:45PM

Nicholas Schorsch

American Realty Capital Properties Inc. (ARCP) yesterday announced that it will acquire its sponsored REIT American Realty Capital Trust III in a $3 billion merger, GlobeSt reported. The deal is expected to close by the end of March 2013. Nicholas Schorsch, chairman and CEO of ARCP, told GlobeSt that the deal is “a very transformative transaction” for the company. He added that “it will change dramatically our size, our scale and, most importantly, our growth potential.” [more]