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): April 8, 2013
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 April 8, 2013, American Realty Capital Properties, Inc. (the “Company”) issued a press release which is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
99.1 | Press Release, dated April 8, 2013 |
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. | ||
April 8, 2013 | By: | /s/ Nicholas S. Schorsch |
Name: | Nicholas S. Schorsch | |
Title: | Chief Executive Officer and | |
Chairman of the Board of Directors |
CONTACTS |
|
Anthony J. DeFazio | Brian S. Block, EVP & CFO |
Diccicco Battista Communications | American Realty Capital Properties, Inc. |
tdefazio@ddcworks.com | bblock@arlcap.com |
Ph: 484-342-3600 | Ph: 212-415-6500 |
FOR IMMEDIATE RELEASE
American Realty Capital Properties Announces $37.8 Million of Recent Acquisitions
New York, New York, April 8, 2013 - American Realty Capital Properties, Inc. (“ARCP”) (NASDAQ: ARCP) announced today that it has closed $37.8 million of net lease acquisitions, including nine properties located in four states plus Puerto Rico with approximately 200,000 total rentable square feet. These acquisitions have occurred since its last acquisition announcement on March 18, 2013. The nine properties were purchased at a weighted average capitalization rate of 7.7% (calculated by dividing annualized rental income on a straight-line basis by base purchase price) and contained a weighted average lease duration remaining of 12.6 years at acquisition.
“We continue to add strong credit tenants to our portfolio and anticipate a solid second quarter 2013,” said Nicholas S. Schorsch, Chief Executive Officer and Chairman of ARCP. Mr. Schorsch added, “These acquisitions, made at a weighted average 7.7% cap rate, demonstrate our success in assembling a robust portfolio that ties directly to our investment objectives.”
Important Notice
ARCP is a publicly traded Maryland corporation listed on The NASDAQ Global Select Market that qualified as a real estate investment trust for U.S. federal income tax purposes for the taxable year ended December 31, 2011, focused on acquiring and owning single tenant freestanding commercial properties subject to net leases with high credit quality tenants. Additional information about the Company can be found on its website at www.arcpreit.com.
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. In addition, words such as “anticipate,” “believe,” “expect” and “intend” indicate a forward-looking statement, although not all forward-looking statements include these words.
For more information about this announcement, please contact Tony DeFazio at 484-342-3600 or tdefazio@ddcworks.com.