0001144204-13-043045.txt : 20130805 0001144204-13-043045.hdr.sgml : 20130805 20130805170531 ACCESSION NUMBER: 0001144204-13-043045 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130805 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130805 DATE AS OF CHANGE: 20130805 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: 131010908 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 v351955_8k.htm 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): August 5, 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 August 5, 2013, American Realty Capital Properties, Inc. issued a press release announcing that, in addition to its large portfolio acquisitions to date and consistent with its organic acquisitions strategy, it had acquired 26 net lease properties for $25.3 million, exclusive of closing costs, since July 1, 2013.

 

A copy of the press release announcing the foregoing is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d)           Exhibits

 

 
     
Exhibit No.   Description
99.1   Press Release dated August 5, 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.
     
August 5, 2013 By: /s/ Nicholas S. Schorsch
  Name: Nicholas S. Schorsch
  Title: Chief Executive Officer and
    Chairman of the Board of Directors

 

 
 

 

EX-99.1 2 v351955_ex99-1.htm EXHIBIT 99.1

Description: http:||www.sec.gov|Archives|edgar|data|1507385|000114420413042611|image_001.jpg

 

FOR IMMEDIATE RELEASE

 

American Realty Capital Properties Has Acquired $25.3 Million of Net Lease Properties Since July 1

 

Acquired Properties are 80% Leased to Investment Grade Tenants, Purchased at an 8.6% Cap Rate and Demonstrative of ARCP’s Success in Executing its Organic Acquisitions Strategy

 

New York, New York, August 5, 2013 – American Realty Capital Properties, Inc. (“ARCP”) (NASDAQ: ARCP) announced today that it had closed upon the acquisition of 26 net lease properties for $25.3 million, exclusive of closing costs. The 26 properties are 80% net leased to investment grade tenants, as determined by a major credit rating agency, including Dollar General, Family Dollar and Walgreens. The properties were purchased at a weighted average cap rate of 8.6% (calculated by dividing annualized rental income on a straight-line basis plus operating expense reimbursement revenue, less property operating expenses, by base purchase price) and contain leases with a weighted average remaining duration of 9.4 years.

 

Nicholas S. Schorsch, Chairman and Chief Executive Officer of ARCP added, “In addition to the large portfolio acquisitions that we have announced and completed to date, these $25 million of acquisitions since July 1st demonstrate our acquisition team’s ability to execute consistently on our organic growth strategy, allowing us to purchase efficiently single assets and small portfolios in line with our investment focus. We are pleased to announce the purchase of these high quality real estate assets which are 80% net leased to investment grade tenants and purchased at strong cap rates in the mid 8.0% range.”

  

About ARCP

 

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 ARCP can be found on its website at www.arcpreit.com. ARCP may disseminate important information regarding ARCP and its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.

 

Important Notice

 

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.

 

Contacts

 

 
Anthony J. DeFazio Brian S. Block, EVP & CFO
DDCWorks American Realty Capital Properties, Inc.
tdefazio@ddcworks.com bblock@arlcap.com
Ph: 484-342-3600 Ph: 212-415-6500

 

 

 
 

GRAPHIC 3 image_001.jpg GRAPHIC begin 644 image_001.jpg M_]C_X``02D9)1@`!`0```0`!``#_VP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+ M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$! M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$" M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#RVO3OA_IW MV;1)+UUQ)=/D?[B\#]')]JYEM_WR>O'4?EFO(Z] MZ^5U[,C#\"#7BNN:<=*UJZL\?*CY3W0\C]*QRFM=2I/IJOU%3?0SZ***]@U" MBBB@`HHHH`****`"BBB@#J_`&G?:]=:[9^OKB[D^]-(SG\3 M7FT7[?%3GTCHOZ^\S6LFSU?PAJ']H^&[9F;,L/[E_JO3],5S_P`1M-^6UU-% M_P"F$I_53_,55^'6H>3?W&GN?EN$WH/]I>OZ?RKN-;TX:KHUU9$?-(AV>S#D M?K7GS_V3&\W2_P"#(?NS/$Z*LVUQ';;UFLXIFS_RT)!7'4<58_M"T_Z!-O\` M]]-7TB2?4J4YIV46_N_S,ZBM,:C8]](A_!S3AJ.F_P`6D)^#T^5=_P`R'6J? MR/[T95%;<=WH4AQ)8O%[C)_D:NQZ/I%ZA:VD;_@$FX'H!7(?V7J'_/A=?]^6_P`*\_+XQIT$V]7J1#1!I5ZVG:I;7J=89`Q]QW'Y M9KW!'61%D0Y5@&4^H/2O#_[+U#_GPNO^_+?X5ZKX3GGF\.6\=U%+'-`3"1(I M4D#H>?8C\JYLVA&48U$]M":BZGG_`(RTW^SO$?\`"RY? M^@6O_?\`/^%:>A>-QK&I1V4UF(#(#L<2;LL.<=/K7F%2VUS)9W<-S$<20N'7 MZ@YJ:F7T7!I1L_5@X(]RN+>.[MI;:49CE0HP]B,5X=>6LEC>SVDHQ)"Y1OPK MW"UN8[RTANHCF.9`Z_0BO.OB%IOV?4H;]%PERNU_]]?\1C\J\W*ZKA5=*77\ MT13=G8XZBBIH;6XN03!"\@'!VC.*^@2N:N2BKMD-%:,6AZC*?^/?8/5V`K8L M="CL@;B8?:)D&Y47IG^IK2-*WXC->>^#=2_L[Q'!N;$5Q^Y?\>A_/%>N=#7S>,@\/BO M:1ZZ_P"9A/W97/!.HJ>WO;FU5E@F>,,!5Q!(?-A/^R>WX M'(K&KZ*E-2BIQZFK49JS5T78]7OXYED-S(^TYVL>#[5U]G=Q7MLL\1X/4=U/ MH:X.KFFZA)IUSO&6C;B1/4?XUTTJSB]=CS\;@8U(7IJTE^)_U%<3D%%%%`!1110`J;_-7R\[\C;MZY[8KW.R>>6PMI+F M,QSM$ID0CD-CFO#`2K!E)!!R".HJZNM:HOW=2O!_VV;_`!KAQV#>)44G:Q$X M\QZIXC\/QZ_IXBR([F(EH9".A[@^QKS"\\/:O8R%)]/N..C(A=3]"*8->U@= M-4O/^_QIP\0ZT.FJW@_[:FC"T*V'CRGB^M1/#AI8QE2/XU]*Y M*MO0]7^S,+6X;]R3\C'^`^GTK>G--O:7Y$ANH M5?RG/SB/JK>OT-%2X23L=M'&0<$ST_\`X4)'_P!#"W_@)_\`9T?\*$C_`.AA M;_P$_P#LZ]`US7)-.U6PVL@LUE$=WDC(+CY?P'4_A5G5->.FWC6RV;3L+9KG M(D"C:NRCV/G_[0K_S?@O\CS;_`(4)'_T,+?\`@)_]G1_PH2/_`*&% MO_`3_P"SKT*/Q3"1*\MM)%&MDMZIW!BR'@#'8YI)/$R10M*]E*Q6:.(A6R#O M7(*G'/H1ZT>QCV#^T*_\WX+_`"//O^%"1_\`0PM_X"?_`&='_"A(_P#H86_\ M!/\`[.O0)=8>+4HWO8[BT5;669X=ZNNU2>3CO@9&#WJ>+7II+4W+V$Z1$1-& MV0599!G)/;;W]/>CV4>PO[0K_P`WX+_(\X_X4)'_`-#"W_@)_P#9T?\`"A(_ M^AA;_P`!/_LZ]!'BF-[2UF2T9VGN_L>U9!P_KGN*TM(U)=5L?M`B,9#M&R$Y MP0<'GO1[*/8/[0K_`,WX+_(\K_X4(O\`T,+?^`G_`-G1_P`*$7_H86_\!/\` M[.NHN=8O(9-4B6^N1=)>K#9KU4DG[I)&.GK6_P?VAB/YOP1YS_P`*$C_Z&%O_``$_^SI/^%")_P!#"W_@)_\` M9UZ2-?3^V8=.>UEC,LLD2LQP M>V%J5N(+@PO$T@SC:6#].AQ15[:'*YR;N2W.A6MW83VEPSR"=BS.0N_KG@XJ M.3P];S%&DN;EF6U:UW%ER4(P<\=?>JFEW5UKDE_<-=20)#<-;PQ18^7;CYFR M.2<]#Q4T^N?V==VMCI.@]?#5B.&>9U^QBR MVL1CRQR.@Z^]*V@126$-G+A]:IZ9KMS,VC0HKS+>-.7DF(#X0D8X&../RHU#0V[G1[:\OA=3E MV(A:`QY&UD;KGC/?UJHOAN$::M@U[=M%&RM'EQE`IR`.,8^N>@]*J7GB4S6> MH0P12VUU#9MM6]0O+B/P>]XDK)<+:K)O`&=V`?I1J&@Y M?#%FB1*)K@B*[^V+E@?WGY=*NZ=IL6EV[0PO(RM(TF7()R>O05S\.LZC8V=S MJ-U'--81V\3J7`5V=MN[;[<]_P`*O3^(C:N\,S*.F M[CK[C!JC-XL@ADNF%L[6UMY+23!Q]V494@=3UZ5-_P`))"]S<116\TB0M*A< M=-T:Y(/H#R`>Y%&H:#X_#=K'?K>F>Y\U;A[@`N"`S#![=,`40^&[2".U1)IP M;69IHWW#.6Z@\=#5*;Q)=_8K*Y@T\I'>7,,4;2R+\P?).`.G3'/KFGQZX(I; ME)#+)*U\;>-'("J0N3@@?=Q^/-&H:%[2[$OJ-QJEQ9BVN94$)7S`^54G#9'J M-OY45!;^(([R^@M1#-')+"LH5SL;D$D`'KC&#_\`6-%`RTFC6\-S+/!)/`9S MF5(GPKMZXQP?<8J*7PW93WINW\[S3)')Q*'+"W%GY2RC[(9#$3(<_/]X'U!KP'_A;?C/_`*":?^`\?_Q- M'_"V_&?_`$$T_P#`>/\`^)I^WB']EUNZ_KY'O$7A3385=$,^'@:W.92?W9;< M1^9/YUH3:9!<:6=/]?.__"V_&7_033_P'C_^)H_X6WXR_P"@ MFG_@/'_\32]O$/[+K=U_7R/H:XTBVNM'_LN7>;?8J'YOF(7&.?P%1WNAVE\X M>7>'\DV[,C8+1D@E3[<5\^_\+;\9?]!-/_`>/_XFC_A;?C+_`*":?^`\?_Q- M'MXC_LNMW7]?(]P7P\)M7U)[I`+*?R/+B1^&\L8PPQTSC%:*Z);QRW;H\R)= M[C+$LF$W,,%@/4U\_?\`"V_&?_033_P'C_\`B:/^%M^,_P#H)I_X#Q__`!-/ MV\1?V76[K^OD?09Y=HZR1,'PRLO0YJ&7PY92B0DS*[W'VD2)) MAEDQC(/TKP+_`(6WXR_Z":?^`\?_`,31_P`+;\9?]!-/_`>/_P")I>WB']EU MNZ_KY'T&^D6\UQ%-,TCF(Y4,^0#M*Y]>0?6BOGS_`(6WXR_Z":?^`\?_`,31 -1[>(_P"RZW=?U\C_V3\_ ` end