CLIFTON, NJ-Locally based ARC Properties, Inc. has announced the formation of ARC Property Trust, a REIT that specializes in the acquisition and development of nationwide net leased properties, but focusing principally on the New York to Washington, DC corridor.

The new REIT is modeled after the ARC Corporate Realty Trust, which ARC formed in 1993. The ARC Corporate assets were strategically sold between 2006 and 2007, prior to the downturn of the real estate market.

Robert J. Ambrosi, chairman and CEO of ARC Properties and ARCTrust, tells, “ARCTrust is in a unique position because we are experienced in both acquisition and development of net lease properties. Unlike a pure financial company, ARCTrust brings tenant knowledge to every acquisition.”

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