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American Realty to become self-managed by Jan. 8

  • About three days after the closing of its acquisition of American Realty Capital Trust IV, American Realty Capital (ARCP) will terminate its existing management agreement with ARC Properties Advisors and become self-managed. ARCP will continue to use certain services of the external manager through the completion of the Cole Real Estate purchase.
  • The company will continue to be led by CEO Nicholas Schorsch and CFO Brian Block.
  • Press release
Comments (11)
  • tomlos
    , contributor
    Comments (1099) | Send Message
     
    Continued progress, long long ARCP!
    30 Dec 2013, 09:40 AM Reply Like
  • IgnisFatuus
    , contributor
    Comments (2115) | Send Message
     
    I view this as very positive. Also long ARCP (although it is currently the smallest $$ position in my portfolio).
    30 Dec 2013, 09:43 AM Reply Like
  • wam350
    , contributor
    Comments (112) | Send Message
     
    Long ARCP also with 25k in ARC IV which I'll be happy to see go public. Happy New Year!
    30 Dec 2013, 09:44 AM Reply Like
  • Union Trade Assoc
    , contributor
    Comments (647) | Send Message
     
    Capital Appreciation upon closure of the Cole Merger, inclusion in the Index Funds, S & P 500, w a continuing dividend over 7. 5 percent to current shareholders - Investment Grade Credit Rating.
    Under-Valued, Target price $ 18.00 per share. 9k shares.
    30 Dec 2013, 11:10 AM Reply Like
  • rrl1124
    , contributor
    Comments (68) | Send Message
     
    I have a very large stake in arct 4, are you taking and holding the common and preferred shares, or selling them right after the conversion? my fear is the dilution will drop the share prices rather quickly..
    30 Dec 2013, 01:29 PM Reply Like
  • wam350
    , contributor
    Comments (112) | Send Message
     
    My plan is to sell about half my 4, spread the income over several other investment. I share your concern over possible dilution for a period following the conversion.
    31 Dec 2013, 10:45 AM Reply Like
  • Union Trade Assoc
    , contributor
    Comments (647) | Send Message
     
    'Holdng' the common shares - there is no dilution, the Merger is all accretive - that's the prem. in the deal up front. And don't forget the dividend is going up to $ 1.00
    There is an additional opportunity .. in an eventual spin-off w shares going to current holders, this is a long term story.
    The closer to finalizing the merger, the higher share prices are moving, erasing any doubts.. lots more going on. Management has been in there buying lots of stock
    1 Jan, 07:45 PM Reply Like
  • Union Trade Assoc
    , contributor
    Comments (647) | Send Message
     
    wam350
    what makes you feel the shares are diluted by the merger ? and other than loading up on HTA where would you locate a another REIT selling under net asset value?? ( Post acquisition ).
    1 Jan, 07:55 PM Reply Like
  • rrl1124
    , contributor
    Comments (68) | Send Message
     
    you are correct regarding the long term, but the immediate possible consequence of so many arct4 common shares coming into the market at one time will likely have a dilutive effect. my guess is many arct4 shareholders will be sellers of their new arcp common shares because of the current reit climate. . in the proxy put out by arcp management it was mentioned that the share price could well drop and the nominal 12.70 per share was indeed nominal... (having said that I see tdy's arcp price is 12.85.. ). .
    2 Jan, 10:26 AM Reply Like
  • Sideshow53
    , contributor
    Comments (3) | Send Message
     
    I have meet the leadership, they click like a well run machine!
    30 Dec 2013, 08:20 PM Reply Like
  • Union Trade Assoc
    , contributor
    Comments (647) | Send Message
     
    you bet ! these guys know how to make a buck on a dime.
    1 Jan, 07:49 PM Reply Like
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