ARC Healthcare Tops $1B Mark With $128M Senior Home Buy

Law360, New York (August 2, 2013, 4:27 PM EDT) -- The health care investment arm of real estate investment trust manager and advisory firm American Realty Capital Properties Inc. has acquired nine senior living facilities in five states for an aggregate price of $128.3 million, the New York-based trust announced Friday.

The acquisitions by American Realty Capital Healthcare Trust Inc. bump the total purchase price of the 82 properties in its portfolio above the $1 billion mark, ARC Healthcare said. The senior homes acquired Friday are in Florida, Georgia, Tennessee, Washington and Oregon.

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