American Realty Capital Trust III Secures $875M Credit Facility
NEW YORK CITY-In anticipation of its impending merger with American Realty Capital Properties Inc., American Realty Capital Trust III Inc. (ARCT III) has obtained an $875-million credit facility with a group of five lenders.
WASHINGTON, DC--The recapitalization with Beacon Capital Partners closed on Wednesday nights.
NEW YORK CITY—The appointee joins the firm’s multifamily finance team from Prudential Mortgage Capital Co.
NEW YORK CITY—The investor base for StepStone Real Estate Partners III includes institutions and high net worth individuals from across the globe, says real estate head Jeffrey Giller.
SAN DIEGO—Multifamily lenders need to keep an eye on income growth and factor it into their underwriting standards, in addition to being aware of decreasing affordability in the market, speakers at MBA’s CREF/Multifamily Housing Convention & Expo 2017 tell attendees.