American Realty Capital REIT Buys $1.45B GE Retail Portfolio

Law360, New York (June 3, 2013, 5:47 PM EDT) -- American Realty Capital's ARC Trust IV has agreed to buy a $1.45 billion portfolio of nearly 1,000 retail properties from GE Capital, the real estate investment trust announced Monday.

ARCT IV said it will buy the properties — a mix of 986 net lease sites leased to 117 different brands in 47 different states — that belonged to the formerly publicly traded Trustreet Properties Inc.

Most of the leases are long term, with a weighted average of remaining duration of 10.6 years, and tenants include Wendy's,...
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