Search found 2 matches

by Foz85
Fri Mar 25, 2011 3:12 pm
Forum: American Realty Capital REITs
Topic: American realty capital trust, Inc.
Replies: 7
Views: 21616

Re: American realty capital trust, Inc.

The information you received concerning ARCT REIT is incorrect. May have misread or miss-interpreted the filing. It is not a loan and there’s no debt. It is a joint venture agreement between two REITs who bought a property together for a net-lease investment in Manhattan. The deal looks accretive to...
by Foz85
Mon Jun 14, 2010 11:42 am
Forum: GC Net Lease REIT
Topic: California firm sells 2 local properties to REIT it sponsors
Replies: 5
Views: 21536

California firm sells 2 local properties to REIT it sponsors

This might be of interest to members. A report of what seems to be a questionable sale of assets by a Griffin Capital Corp.,(http://www.griffincapital.com/about/) a sponsor of Non-Traded REITs. Appears the sponsor sold assets to its own REIT at a 5 CAP Rate when the market is yielding a 9 CAP Rate. ...