Merger of Nicholas Schorsch's American Realty Capital Properties and Cole Real Estate Investments closes

Combined company is the largest publicly traded net-lease REIT, with value of $21.5B
MAR 13, 2014
One of the largest-ever mergers of real estate investment trusts, engineered by industry czar Nicholas Schorsch, has been completed. American Realty Capital Properties Inc.'s acquisition of Cole Real Estate Investments Inc., which closed Friday, creates the largest REIT of its kind. Shareholders approved the deal last month. Mr. Schorsch, chief executive of real estate firm American Realty Capital, first pursed the Cole REIT in March but was initially rebuffed. It then listed in June on the New York Stock Exchange, and he renewed his efforts to merge the two. The combined investment company is the largest publicly traded net lease REIT with an enterprise value of $21.5 billion. The net-lease REIT buys commercial real estate, and collects rent and other fees from tenants.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound