Industry Pulse: September 2011

BOSTON – In July, Boston-based American Realty Capital (ARC) Healthcare Trust Inc., a non-traded real estate investment trust (REIT) sponsored by American Realty Capital V LLC, announced that it had entered a contract to acquire a dozen medical properties for a total of $257.5 million. On Sept. 19, the REIT closed on the acquisition of three of those properties for a total of $60.9 million. The acquisition, according to the REIT, is the first in a series of tranches that will comprise the overall acquisition.

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