The new REIT is modeled after the ARC Corporate Realty Trust,which ARC formed in 1993. The ARC Corporate assets werestrategically sold between 2006 and 2007, prior to the downturn ofthe real estate market.
Robert J. Ambrosi, chairman and CEO of ARC Properties andARCTrust, tells GlobeSt.com, "ARCTrust is in a unique positionbecause we are experienced in both acquisition and development ofnet lease properties. Unlike a pure financial company, ARCTrustbrings tenant knowledge to every acquisition."
Since its formation in January, the REIT has acquired ordeveloped several properties including, CVS Edgewater, Wells Fargoin Washington, Firestone in Allentown and Walgreen's in Manalapan.The company is actively seeking new acquisitions and selectpreferred developers that it can work with to expand itsdevelopment program.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
