About Our Columnist

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City. Contact Paul Bubny.

You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.

Simple answer = medium/low quality investment grade tenants with relatively short remaining base terms (
Posted by NetLeaseProfessional | Wednesday, July 30 2014 at 11:30AM ET
ARCP had been on a Fed cheap debt fueled acquisition binge until this April when major institutional investors revolted and told it to stop the large convoluted acquisitions and "Manage" the business. ARCP has overpaid for almost all their large acquisitions including Cole, CapLease and American Realty, which were bought at about 6.5% cap rates for net lease assets that should trade at an 8% cap rate. Nick Schorsch the architect of the acquisition boom is being forced out by investors and hopefully, Mr. Kay, will be a better corporate manager.
Posted by JJO | Wednesday, July 30 2014 at 3:58PM ET