AR Capital Secures $300M In Financing To Boost REITs

Law360, New York (May 29, 2012, 3:07 PM EDT) -- AR Capital LLC has closed on more than $300 million in debt and three-year term credit facilities for three of its real estate investment trusts, seizing an opportunity to pick up extra cash at low borrowing rates, the investment management firm announced Tuesday.

All of the financings were inked at interest rates below 4 percent and will be used to bolster the arms of American Realty Capital Trust III Inc., American Realty Capital New York Recovery REIT Inc. and American Realty Healthcare Trust Inc., AR Capital...
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