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NEW YORK CITY-Following its SEC filing in late August to raise up to $1.5 billion for a healthcare REIT, American Realty Capital on Wednesday got the ball rolling with two key hires. ARC and its affiliated broker-dealer Realty Capital Securities tapped John Wilkins and Heather Gentry, both formerly of Grubb & Ellis, to assist in the rollout of the new venture, known as American Realty Capital Healthcare Trust.

Targeting medical office properties across the US, ARCHT marks the fourth in a series of sector-specific non-traded REITs launched by the ARC group of companies. In 2007, American Realty Capital Trust was launched, followed two years later by American Realty Capital New York Recovery REIT and Phillips Edison—ARC Shopping Center REIT.

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