0001144204-12-050453.txt : 20120911 0001144204-12-050453.hdr.sgml : 20120911 20120910182520 ACCESSION NUMBER: 0001144204-12-050453 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120910 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120911 DATE AS OF CHANGE: 20120910 FILER: COMPANY DATA: COMPANY CONFORMED NAME: American Realty Capital Properties, Inc. CENTRAL INDEX KEY: 0001507385 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35263 FILM NUMBER: 121084027 BUSINESS ADDRESS: STREET 1: 405 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-415-6500 MAIL ADDRESS: STREET 1: 405 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 8-K 1 v323430_8k.htm FORM 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

 

 
FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): September 10, 2012

 

AMERICAN REALTY CAPITAL PROPERTIES, INC.

(Exact name of Registrant as specified in its charter)

 

Maryland 001-35263 45-2482685

(State or other jurisdiction of

incorporation or organization)

(Commission File Number) (I.R.S. Employer Identification No.)

 

 

405 Park Avenue

New York, New York 10022

(Address, including zip code, of principal executive offices)
 
(212) 415-6500
Registrant’s telephone number, including area code: 

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 
 

 

 

Item 8.01. Other Events.

 

On September 10, 2012, American Realty Capital Properties, Inc. issued a press release announcing approximately $15.2 million of additional acquisitions under contract. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

 

Item 9.01. Financial Statements and Exhibits.

 

(d)           Exhibits

 

Exhibit No.   Description
99.1   Press Release, dated September 10, 2012

 

 

 
 

 

  

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

 

  AMERICAN REALTY CAPITAL PROPERTIES, INC.
     
September 10, 2012 By: /s/ Nicholas S. Schorsch
  Name: Nicholas S. Schorsch
  Title: Chief Executive Officer and
    Chairman of the Board of Directors

 

 

 

 

 

 

 
 

EX-99.1 2 v323430_ex99-1.htm EXHIBIT 99.1

 

 

CONTACTS

 
From: Anthony J. DeFazio For: Brian S. Block, EVP & CFO
DeFazio Communications, LLC American Realty Capital Properties, Inc.
tony@defaziocommunications.com bblock@arlcap.com
Ph: 484-532-7783  Ph: 212-415-6500

 

 

FOR IMMEDIATE RELEASE

 

American Realty Capital Properties

Announces Approximately $15.2 Million of Additional Acquisitions at an Average Cap Rate of 9.5%

 

New York, New York, September 10, 2012 – American Realty Capital Properties, Inc. (NASDAQ: ARCP) (“ARCP” or the “Company”) announced today that it intends to acquire approximately $15.2 million of properties, exclusive of closing costs, consistent with its single tenant, medium term, corporate credit, net lease investment strategy. The acquisitions are in addition to the $5.6 million of properties under contract previously announced.

 

The properties under contract consist of three CVS pharmacies located in Georgia (Alpharetta and Vidalia) and Nashville, Tennessee and a Pilot Flying J travel center located in Carnesville, Georgia. The properties have an average remaining lease term of approximately 5.9 years and are priced at an average cap rate of 9.5%. The acquisitions would add two new tenants to the ARCP property portfolio, bringing the Company’s total number of discrete tenants to 16. These properties represent the second portion of the $25.0 million of acquisitions anticipated to close in the third quarter of 2012 included in the Company’s previously announced guidance.

 

“These additional properties under contract are indicative of our continuous execution of accretive acquisitions that allow us to grow earnings,” commented Nicholas S. Schorsch, Chairman and Chief Executive Officer of ARCP. “With these properties, we continue to enhance our portfolio’s tenant mix while taking advantage of plentiful buying opportunities in the market consistent with our guidance model and our investment strategy.”

 

About the Company

 

American Realty Capital Properties, Inc., a publicly traded Maryland corporation listed on The NASDAQ Capital Market under the trading symbol “ARCP,” is an externally managed real estate company that owns and acquires single tenant free standing commercial real estate properties that are primarily net leased on a medium-term basis generally to investment grade tenants. Additional information about the Company can be found on the Company’s website at www.americanrealtycapitalproperties.com.

 

For more information about this announcement, please contact Tony DeFazio of DeFazio Communications, LLC at 484-532-7783 or tony@defaziocommunications.com.

 

 
 

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