Exec says healthcare funds were cleared in investigation into accounting mistakes
By John B. Mugford
Fallout from a potential accounting fraud scandal can be quite damaging and far-reaching for any large company, but what about the independent, somewhat related entities that share the umbrella firm’s name?
Time will only tell whether a self-admitted, $23 million accounting manipulation by certain executives with New York-based American Realty Capital Properties (Nasdaq: ARCP), a publicly traded buyer/owner of single-tenant, net-leased properties, will have any negative effects on the dozen or so non-traded real estate investment trusts (REITs) sponsored by American Realty Capital (ARC).
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