TrafficCourt

Industry news, views and occasional strange stuff.

Contributor

David Bodamer
David Bodamer has been Editor-in-Chief since May 2006. Prior to that, he served as Managing Editor. Before joining Retail Traffic, Bodamer served as associate editor and senior associate editor for Commercial...more

New REIT on the Way

David Bodamer September 12th, 2007

Newly formed American Realty Capital Trust Inc. intends an intial public offering of up to 150 million common shares that could raise as much as $1.5 billion, according to a filing Monday with the Securities and Exchange Commission. The Jenkintown, Pa.-based firm said it plans to operate as a real estate investment trust. “We will invest primarily in freestanding, single-tenant retail properties net leased to investment grade and other creditworthy tenants,” the documents said.

More at Marketwatch.