News
American Realty Capital Trust III Acquires Express Scripts Building
31 Jan 2012
American Realty Capital Trust III, Inc., (the “Company”) announced that on January 25, 2012, the Company closed its acquisition of a fee-simple interest in one building located in the Express Scripts headquarters campus in St. Louis, Missouri, at a contract purchase price of approximately $42.6 million, exclusive of closing costs.
American Realty Capital Trust III Breaks Escrow in Pennsylvania
05 Dec 2011
American Realty Capital Trust III, Inc. (the “Company”) announced today that it had raised in excess of $75.0 million in aggregate gross proceeds from all investors for its shares of common stock. Accordingly, the Company is now accepting subscriptions from all states where it has cleared, including subscriptions from residents of Pennsylvania.
American Realty Capital Trust III Acquires Five Dollar General Stores and Two Walgreens Pharmacies
29 Nov 2011
American Realty Capital Trust III, Inc. (the “Company”) announced that on November 22, 2011, the Company closed on five freestanding, single-story Dollar General stores for an aggregate purchase price of approximately $4.5 million. In addition, on November 18, 2011 and November 28, 2011, the Company closed on two Walgreens drug stores for an aggregate purchase price of approximately $13.1 million. These acquisitions increase the total size of the Company’s portfolio to $51.4 million. The acquisitions total approximately 72,175 square feet, and are 100% leased to seven tenants.
American Realty Capital Trust III Reports Third Quarter 2011 Results
14 Nov 2011
NEW YORK--(EON: Enhanced Online News)--American Realty Capital Trust III, Inc. (“ARCT III” or the “Company”) announced today its operating results for the quarter ended September 30, 2011.
American Realty Capital Trust III Acquires Two Walgreens Pharmacies
17 Oct 2011
American Realty Capital Trust III, Inc., (“ARCT III” or the “Company”) announced today that it had acquired two Walgreens pharmacies with a combined 26,172 square feet of space located in Staten Island, New York, and Coalinga, California, for a total purchase price, excluding acquisition costs, of approximately $9.2 million.
American Realty Capital Trust III Acquires Two Advance Auto Parts Stores
07 Oct 2011
American Realty Capital Trust III, Inc., (“ARCT III” or the “Company”) announced today that it had acquired a fee simple interest in two Advance Auto Part Stores located in Houston, Texas, for a purchase price, excluding acquisition costs, of approximately $3.1 million.
American Realty Capital Trust III Closes First Acquisition and Resets Accrual Date for Distributions
03 Oct 2011
New York, NY, October 3, 2011--American Realty Capital Trust III, Inc. (“ARCT III” or the “Company”) announced today that it had completed on September 27, 2011, its first property acquisition. The Company purchased one free-standing, fee simple, build-to-suit freight distribution facility located in Butte, Montana and leased to FedEx Freight, Inc. The purchase price was approximately $8.9 million, exclusive of closing costs. The Company funded the acquisition of the property with proceeds from the sale of its common stock.
