American Realty backs core acquisition strategy, reports $834.7M acquired in Q2
Reports $2.36M acquisitions under contract as of June 30. David S. Kay, president of ARCP stated, "These results are consistent and in-line with our stated strategy and forecast of self-originated acquisitions on a granular basis. With our 2014 acquisitions closed and under contract for the balance sheet, we are only approximately $300M away from meeting our $4.5B target. Based on the combined acquisition volume for our balance sheet and Cole Capital of approximately $6.1B for the first half of the year, we believe we can acquire an additional $3B in the second half of 2014 on behalf of the Cole Capital managed funds, thereby meeting our 2014 goals. We are actively managing our balance sheet by disposing non-core assets, refinancing near-term, high-cost maturities and continuing our strategy of match funding."
