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Baird's distribution facility is 100 percent leased to and guaranteed by Bimbo Bakeries
USA, Inc., a wholly owned subsidiary of Grupo Bimbo SAB de CV. The net lease has a 15-year term, with approximately five years remaining.
"We are excited with the execution of this acquisition," commented
Nicholas S. Schorsch, the Company's chairman and chief operating officer. "The Mrs.
Baird's facility adds to our portfolio's tenant mix and geographic diversification. Since June, we have closed on 22 previously disclosed properties and have entered into an additional contract for a Reckitt Benckiser property. Our recent acquisitions increase the total size of our portfolio to approximately
$216.5 million, comprising 119 properties."
American Realty Capital Properties, Inc. is a publicly traded
Maryland corporation listed on The NASDAQ Capital Market that intends to qualify as a real estate investment trust focused on owning and acquiring single-tenant, freestanding commercial properties generally subject to net leases with high credit quality tenants. Additional information about the Company can be found on the Company's website at
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different.