American Realty prices $24.25 million public stock offering at $13.47

ARC, Ladenburg Thalmann, Aegis, Maxim, National Securities will assist

By Devika Patel

Knoxville, Tenn., Jan. 25 - American Realty Capital Properties, Inc. priced a $24.25 million public offering of stock with a $3.64 million greenshoe on Jan. 24, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company will sell 1.8 million common shares at $13.47 per share, a 3.02% discount to the Jan. 23 closing share price of $13.89.

ARC Properties Operating Partnership, LP, Ladenburg Thalmann & Co. Inc., Aegis Capital Corp., Maxim Group LLC and National Securities Corp. are the underwriters.

American Realty, based in New York, is a real estate investment company.

Issuer:	American Realty Capital Properties, Inc.
Issue:	Common shares
Amount:	$24,246,000
Greenshoe:	$3,636,900
Shares:	1.8 million
Price:	$13.47
Warrants:	No
Underwriters:	ARC Properties Operating Partnership, LP, Ladenburg Thalmann & Co. Inc., Aegis Capital Corp., Maxim Group LLC and National Securities Corp.
Pricing date:	Jan. 24
Stock symbol:	Nasdaq: ARCP
Stock price:	$13.89 at close Jan. 23
Market capitalization:	$148.16 million

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