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NEW YORK CITY-“Boring” was a word that kept coming up in Nicholas Schorsch‘s presentation to a YM/WREA audience Tuesday afternoon. “We love the really boring stuff that nobody wants,” said the chairman and CEO of American Realty Capital.

Nobody, that is, aside from investors who welcome predictable yields and durable income. Judging by the success of the non-traded REITs that ARC has sponsored over the years—American Realty Capital Trust, for example, merged with Realty Income this past January in a $3-billion deal that meant a cash payment of 35 cents per share for ARCT shareholders—boring works quite well.

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