American Realty Plans To Spin Off $2.2B Retail Portfolio
Under the terms of the spinoff, New York-based ARCP will retain a 25 percent ownership stake in the newly formed REIT, which will be known as American Realty Capital Centers Inc., or ARCenters, according to a statement. ARCenters is expected to trade on the Nasdaq under the symbol "ARCM."
The spinoff is expected to decrease ARCP's percentage...
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