This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

American Realty Capital Trust IV Acquires Its First Property

NEW YORK, Oct. 1, 2012 /PRNewswire/ --  American Realty Capital Trust IV, Inc. ("ARCT IV" or the "Company") announced today that, on September 28, 2012, it closed on its first acquisition – a build-to-suit Dollar General store located in Buchanan Dam, Texas. The purchase price of the property was $1.1 million, exclusive of closing costs, at an average capitalization rate of 7.7% (calculated by dividing annualized rental income on a straight-line basis plus operating expense reimbursement revenue, less property operating expenses, by base purchase price).

(Logo: )

The Dollar General store contains 9,026 rentable square feet and is leased to a subsidiary of Dollar General Corporation (NYSE: DG), which guarantees the lease and carries an investment grade credit rating as determined by major credit rating agencies.

ARCT IV also announced today that its portfolio pipeline includes approximately $31.5 million of acquisitions under contract at an estimated weighted average capitalization rate of 8.2%, including a previously announced CVS pharmacy guaranteed by CVS Caremark Corporation, which carries an investment grade credit rating, as determined by major credit rating agencies. The pipeline also includes other properties that are leased on a long-term basis to well-known investment grade and credit tenants.

Michael Weil, ARCT IV's President and Chief Operating Officer commented, "This acquisition, along with our robust pipeline of acquisitions under contract demonstrate ARCT IV's focus on buying income producing single-tenant net leased properties that provide accretive value to its portfolio."

As previously announced, ARCT IV's board of directors authorized, and the Company declared, a distribution rate which will be calculated at a rate of $0.00452054795 per day. The distributions will begin to accrue 15 days following the Company's initial property acquisition on September 28, 2012. The distributions will be payable by the 5th day following each month end to stockholders of record at the close of business each day during the prior month.  

Important Notice

ARCT IV is a publicly registered, non-traded real estate investment program.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs