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New REIT on the Way

Newly formed American Realty Capital Trust Inc. intends an intial public offering of up to 150 million common shares that could raise as much as $1.5 billion, according to a filing Monday with the Securities and Exchange Commission. The Jenkintown, Pa.-based firm said it plans to operate as a real estate investment trust. "We will invest primarily in freestanding, single-tenant retail properties net leased to investment grade and other creditworthy tenants," the documents said.

More at Marketwatch.

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