New REIT on the Way
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.
September 13th, 2007 at 10:39 am
Do you have a listing of hedge funds with funding activity in the mixed-use market.
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