ARC Healthcare To Drop $123M On 4 UnitedHealth Properties

Law360, New York (August 9, 2013, 4:16 PM EDT) -- The health care investment arm of real estate investment trust manager and advisory firm American Realty Capital Properties Inc. said Friday that it intends to purchase four UnitedHealth facilities in three states for an aggregate price of $123 million.

New York-based American Realty Capital Healthcare Trust plans to acquire the facilities in California, Indiana and Wisconsin, which are currently leased to UnitedHealthcare Services Inc., a subsidiary of UnitedHealth Group. The properties comprise about 610,700 rentable square feet and are expected to generate an annualized rental income...
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