Follow-On Offering

Real Estate
Follow-On Offering

Summary

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

About

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:

Steve Goldberg (703) 918-7808
Lindsey Houser (704) 553-6610
Peter Kies (414) 765-7262
Real Estate
Follow-On Offering
Date
June 2012
Company
American Realty Capital Properties, Inc.
Transaction
M&A
Sectors
Real Estate
Target Location
North America

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