At a time when the U.S. commercial real estate market is teeming with investors looking for new acquisitions, American Realty Capital Properties represents the ultimate buyer. In late May and early June, the New York–based net lease REIT announced the agreement to buy rival CapLease Inc. for $2.2 billion, and acquired two property portfolios from GE Capital: one including 471 net leased properties for $807 million and another including 986 properties for $1.45 billion.
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