July 03, 2013

Venable acts as Maryland counsel to American Realty Capital Properties in announced acquisition

1 min

Venable acted as Maryland counsel to real estate investment trust American Realty Capital Properties, Inc. (ARCP) in connection with its purchase of American Realty Capital Trust IV, Inc. (ARCT) in a cash-and-stock deal valued at about $3.1 billion. This acquisition, along with other recent transactions, will make ARCP the second-biggest net lease REIT. Closing of the transaction is subject to stockholder approval by both companies.

Venable partners Sharon Kroupa and Christopher Pate represented ARCP.