About American Realty Capital-Retail Centers of America, Inc.
American Realty Capital-Retail Centers of America, Inc. (“ARC-Retail Centers”) is a publicly registered, non-traded real estate investment trust* ("REIT") that will focus primarily on the acquisition of core retail properties including lifestyle centers, power centers and large needs-based shopping centers. ARC-Retail Centers, presents an opportunity for investors seeking the potential for both income and capital appreciation.
American Realty Capital – Retail Centers of America, Inc. Acquires Tiffany Springs MarketCenter New York, New York, October 1, 2013 – American Realty Capital – Retail Centers of America, Inc. (“ARC Retail”) announced today that it closed its acquisition of the Tiffany Springs MarketCenter, located in Kansas City, Missouri, on September 26, 2013, for a contract price of $53.5 million, exclusive of closing costs. The purchase of the Tiffany Springs MarketCenter represents ARC Retail’s third acquisition of a retail power center with multiple credit tenants. ARC Retail’s portfolio now exceeds $107 million in purchased assets.Continue Reading