News & Announcements

Weil Advises American Realty Capital Trust IV in $3.1B Merger

A Weil team led by Corporate Chairman Michael Aiello is advising real estate investment trust American Realty Capital Trust IV, Inc. (ARCT) in its $3.1 billion merger with American Realty Capital Properties, Inc. (ARCP), a net lease real estate investment trust. As part of the transaction, ARCP will purchase 100 percent of the outstanding shares of ARCT for cash and stock. When completed, the merger will create the second-largest net lease real estate investment trust, with 2,579 single tenant properties across 29 industries in 48 states. The transaction is expected to close by the end of the third quarter of 2013.

In addition to Mr. Aiello, the Weil team advising ARCT includes Mergers & Acquisitions partner Matthew Gilroy; Tax partner Chayim Neubort; Mergers & Acquisitions associates Joanna Jia and Megan Pendleton; and Tax associates R. Todd Hatcher and Rosemary Morgan (all in New York).

This news appeared in the following outlets (may require registration/subscription):

  • The Deal: American Realty continues aggressive expansion (July 2, 2013)
  • The Deal First Take: American Realty Capital to combine with trust in $3.1B deal [ARCP] (July 2, 2013)
  • The Wall Street Journal: American Realty Capital Properties to Acquire American Realty Capital Trust IV in a Merger Transaction Valued at $3.1 Billion (July 2, 2013)
  • The Am Law Daily: Am Law Trio Land Roles on $3.1 Billion REIT Deal (July 3, 2013)
  • The Street: The Deal: American Realty Gains on $3.1 Billion Portfolio Expansion (July 2, 2013)
  • ARCP Will Merge with ARCT IV (July 2, 2013)
  • Thomson Reuters Westlaw - Business Law Currents: M&A watch: American Realty Capital Properties continues expansion of net-lease REIT portfolio with ARCT IV (July 5, 2013)