Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


American Realty Capital Properties Announces Its Recent Property Acquisitions and Fifth Consecutive Quarterly Dividend Increase

NEW YORK, Nov. 30, 2012 /PRNewswire/ -- American Realty Capital Properties, Inc. ("ARCP" or the "Company") (NASDAQ: ARCP) announced that it has recently closed the acquisition of five single-tenant, freestanding properties with approximately 79,000 leasable square feet located in four states, at an aggregate purchase price of $12.1 million (exclusive of closing costs). The five properties were purchased at a weighted average capitalization rate of 8.8% (calculated by dividing annualized rental income on a straight-line basis plus operating expense reimbursement revenue, less property operating expenses, by base purchase price).

(Logo:  http://photos.prnewswire.com/prnh/20120529/NY15147LOGO)

ARCP also stated that, in addition to its previous announcement which included four of the five acquisitions discussed in this release, it has placed another $13.2 million of acquisitions under contract.

The table below provides a summary of the five properties acquired by ARCP and, for each tenant, includes the properties' location, average lease term remaining at acquisition, contractual purchase price, rentable square feet, annualized rental income/net operating income, average capitalization rate and indicates whether the tenant or guarantor is investment grade:


Tenant

Number of

Properties

States

Average

Lease Term

Remaining at

Acquisition

(Years)

Contract
Purchase

Price

(millions)

 

Rentable

Square

Feet

Annualized

Rental

Income/Net

Operating

Income

(millions)

Average

Capitalization

Rate

Investment

Grade?

(Y/N)

Family Dollar

2

GA, MI

9.4

$   2.5

17,180

$   0.2

8.8  %

Y

FedEx

1

CA

5.6

$   3.5

41,868

$   0.3

8.3  %

Y

Fresenius

1

NC

5.7

$   1.9

6,402

$   0.2

9.1  %

N

Walgreen's

1

MI

7.0

$   4.2

13,905

$   0.4

9.0  %

Y

Total

5

4

6.9

$ 12.1

79,355

$   1.1

8.8  %





















The Company also announced that, on November 29, 2012, in light of these acquisitions and its recent performance, its board of directors authorized, and the Company declared, its fifth consecutive quarterly increase to its annual dividend. ARCP will increase its annual distribution per share by $0.005, from $0.895 to $0.900 per annum. The new annual distribution rate will accrue commencing on February 9, 2013. Distributions will continue to be paid on the 15th day of each month to stockholders of record at the close of business on the 8th day of such month.

"Our fifth consecutive quarterly increase to our annual dividend was warranted by our strong execution of our investment strategy in acquiring properties that are net leased to investment grade and other credit tenants and our continued robust acquisition pipeline," commented Nicholas S. Schorsch, Chairman and Chief Executive Officer of ARCP.

Important Notice

American Realty Capital Properties, Inc. is a publicly traded Maryland corporation listed on The NASDAQ Capital Market that qualified as a real estate investment trust for the year ended December 31, 2011, focused on acquiring and owning single tenant freestanding commercial properties subject to net leases with high credit quality tenants. Additional information about the Company can be found on the Company's website at www.americanrealtycapitalproperties.com.

The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different.

SOURCE American Realty Capital Properties, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
I've been writing recently about the dimensions of Big Data in the IoT: urgency, importance, frequency, consequences, remedy, cost. You can find my stories on IoT Journal or at my personal website. The big item missing from this list is, of course, size. How big are individual messa...
Of course, IoT is in the midst of a major hype cycle, so there’s a lot of industry buzz about IoT, along with a thousand interpretations of the term. As IT prognosticator Jason Bloomberg points out in a recent post, “the IoT explosion is rather curious if you think about it, as the Int...
We are formally announcing the IoT Project Framework at @ThingsExpo Nov 4-6 in Santa Clara, CA. it will feature four overriding goals for the IoT in the year 2040: 1. To reduce poverty & disease 2. To eliminate violence as a way of settling disputes 3. To spur beneficial economic ...
With Octoblu emerging from stealth mode, it seemed like a good idea to talk to a couple of key people there. We were able to do just that with company co-founders Geir Ramleth and Chris Matthieu. Geir Ramleth serves as CEO. He was named to CIO Magazine's Hall of Fame in 2008, and ser...
I had a fun conversation with Mark Van Rijmenam (@VanRijmenam) a couple of weeks ago about cloud computing, Big Data, and the IoT. Mark runs BigData-Startups.com in Den Haag, Netherlands. We were mutually amused that he had chosen the name Think Bigger for his new book just as I had ch...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE