Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact email@example.com.
SOURCE American Realty Capital Healthcare Trust, Inc.
ARC Healthcare's Portfolio Comprised of $1.41 Billion of Healthcare Assets Purchased to Date, $162.5 Million of Properties Under Executed Purchase and Sale Agreements, and $92.8 Million of Acquisitions Subject to Executed Letters of Intent
NEW YORK, Oct. 3, 2013 /PRNewswire/ -- American Realty Capital Healthcare Trust, Inc. ("ARC Healthcare") announced today that it acquired 33 additional healthcare properties for $536.5 million during the third quarter of 2013. As of September 30, 2013, ARC Healthcare's portfolio contained 103 properties purchased for $1.41 billion. Additionally, as of that date, ARC Healthcare had placed an additional $162.5 million worth of properties under executed purchase and sale agreements and another $92.8 million worth of healthcare assets under executed letters of intent which, when combined, would result in an approximate $1.7 billion portfolio. ARC Healthcare continues to execute on its announced acquisitions strategy by purchasing a diverse mix of high quality medical office buildings, seniors housing and other healthcare assets.
"We had a very active and productive third quarter, investing a substantial portion of our raised equity into high quality healthcare assets," commented Thomas P. D'Arcy, Chief Executive Officer of American Realty Capital Healthcare Advisors, LLC. "By capitalizing on significant market opportunities, we have built a diverse, well-balanced portfolio of real estate properties servicing America's healthcare needs. We remain focused on taking advantage of today's dynamic and growing healthcare marketplace and the increasing requirements and funding for healthcare services. We look forward to closing on our remaining transactions and completing our portfolio construction."
About ARC Healthcare
ARC Healthcare is a publicly registered, non-traded real estate investment program that qualified as a real estate investment trust for tax purposes beginning in the taxable year ended December 31, 2011. Additional information about ARC Healthcare can be found on its website at www.thehealthcarereit.com.
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. In addition, words such as "anticipate," "believe," "expect" and "intend" indicate a forward-looking statement, although not all forward-looking statements include these words.
©2012 PR Newswire. All Rights Reserved.