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New REIT on the Way

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Newly formed American Realty Capital Trust Inc. intends an intial public offering of up to 150 million common shares that could raise as much as $1.5 billion, according to a filing Monday with the Securities and Exchange Commission. The Jenkintown, Pa.-based firm said it plans to operate as a real estate investment trust. "We will invest primarily in freestanding, single-tenant retail properties net leased to investment grade and other creditworthy tenants," the documents said.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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