Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
American Realty Capital Properties Announces Its Recent Property Acquisitions and Fifth Consecutive Quarterly Dividend Increase

NEW YORK, Nov. 30, 2012 /PRNewswire/ -- American Realty Capital Properties, Inc. ("ARCP" or the "Company") (NASDAQ: ARCP) announced that it has recently closed the acquisition of five single-tenant, freestanding properties with approximately 79,000 leasable square feet located in four states, at an aggregate purchase price of $12.1 million (exclusive of closing costs). The five properties were purchased at a weighted average capitalization rate of 8.8% (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:  http://photos.prnewswire.com/prnh/20120529/NY15147LOGO)

ARCP also stated that, in addition to its previous announcement which included four of the five acquisitions discussed in this release, it has placed another $13.2 million of acquisitions under contract.

The table below provides a summary of the five properties acquired by ARCP and, for each tenant, includes the properties' location, average lease term remaining at acquisition, contractual purchase price, rentable square feet, annualized rental income/net operating income, average capitalization rate and indicates whether the tenant or guarantor is investment grade:


Tenant

Number of

Properties

States

Average

Lease Term

Remaining at

Acquisition

(Years)

Contract
Purchase

Price

(millions)

 

Rentable

Square

Feet

Annualized

Rental

Income/Net

Operating

Income

(millions)

Average

Capitalization

Rate

Investment

Grade?

(Y/N)

Family Dollar

2

GA, MI

9.4

$   2.5

17,180

$   0.2

8.8  %

Y

FedEx

1

CA

5.6

$   3.5

41,868

$   0.3

8.3  %

Y

Fresenius

1

NC

5.7

$   1.9

6,402

$   0.2

9.1  %

N

Walgreen's

1

MI

7.0

$   4.2

13,905

$   0.4

9.0  %

Y

Total

5

4

6.9

$ 12.1

79,355

$   1.1

8.8  %





















The Company also announced that, on November 29, 2012, in light of these acquisitions and its recent performance, its board of directors authorized, and the Company declared, its fifth consecutive quarterly increase to its annual dividend. ARCP will increase its annual distribution per share by $0.005, from $0.895 to $0.900 per annum. The new annual distribution rate will accrue commencing on February 9, 2013. Distributions will continue to be paid on the 15th day of each month to stockholders of record at the close of business on the 8th day of such month.

"Our fifth consecutive quarterly increase to our annual dividend was warranted by our strong execution of our investment strategy in acquiring properties that are net leased to investment grade and other credit tenants and our continued robust acquisition pipeline," commented Nicholas S. Schorsch, Chairman and Chief Executive Officer of ARCP.

Important Notice

American Realty Capital Properties, Inc. is a publicly traded Maryland corporation listed on The NASDAQ Capital Market that qualified as a real estate investment trust for the year ended December 31, 2011, focused on acquiring and owning single tenant freestanding commercial properties subject to net leases with high credit quality tenants. Additional information about the Company can be found on the Company's website at www.americanrealtycapitalproperties.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.

SOURCE American Realty Capital Properties, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
European data center operator DEAC is the largest in the Baltics. The activities are orientated to provide data center services and IT outsourcing on Eurasia and America scale in order to create the primary or backup or additional data center for customer in the EU, to protect it...
SYS-CON Events announced today that Parasoft will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. For 27 years, Parasoft has researched and developed software solutions tha...
Until recently, many organizations required specialized departments to perform mapping and geospatial analysis, and they used Esri on-premise solutions for that work. In his session at 15th Cloud Expo, Dave Peters, author of the Esri Press book Building a GIS, System Architectu...
Dyn solutions are at the core of Internet Performance. Through traffic management, message management and performance assurance, Dyn is connecting people through the Internet and ensuring information gets where it needs to go, faster and more reliably than ever before. Founded in...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have inf...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE

Breaking Cloud Computing News

In an increasingly connected world, enterprises are extending new business models, ...