Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

June 2012


American Realty Capital Properties, Inc.
Follow-On Offering
$32.5 Million


Baird served as the lead book-running manager in this offering.


American Realty Capital Properties, Inc. (“ARCP” or the “Company”) (Nasdaq: ARCP) recently completed a follow-on offering of 3,250,000 shares of its common stock at a price of $10.00 per share, generating gross proceeds of $32.5 million. The net proceeds from the offering will be used to fund the equity portion of the purchase price of the proposed acquisition of 22 single-tenant, freestanding primarily net leased properties for $32.3 million and any remaining proceeds will be used to repay a bridge loan made by the Company’s sponsor, AR Capital LLC.

ARCP is an externally managed real estate company that focuses on owning and acquiring single-tenant freestanding commercial real estate properties primarily subject to medium-term net leases with high credit quality tenants. At the time of the offering, ARCP owned 97 properties in 16 states that were 100% occupied with a weighted average remaining lease term of 7.7 years.

For additional information about this transaction, please contact:
Managing Director, Head of Real Estate Group
(703) 918-7808
Director
(704) 553-6610
Managing Director, Co-Head of ECM
(414) 765-7262

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