Non-traded REIT Phillips Edison – ARC Shopping Center REIT Inc. revealed last week that it’s looking at “strategic alternatives”—and it’s likely the Cincinnati, Ohio–based company will attract plenty of suitors. On July 24, the REIT’s management announced it hired BofA Merrill Lynch and RCS Capital as financial advisors to evaluate its options. The announcement did not discuss in detail what types of alternatives the company was evaluating. The ...
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