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REIT Deal: American Realty Capital Acquires Cole In $7.2 Billion Acquisition

New Orleans: Canal Street, Central Business Di...

In a deal creating one of the largest commercial landlords in the US, real estate investment trusts American Realty Capital Properties and Cole Real Estate Investments have announced an acquisition agreement totaling $7.2 billion. American Realty Capital Properties did the buying, exchanging cash and stock for Cole, a REIT that went public earlier this year, listed on NYSE as COLE.

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