American Realty Capital Properties to buy trust for $3.1 bln

July 2 Tue Jul 2, 2013 6:20am EDT

July 2 (Reuters) - American Realty Capital Properties Inc (ARCP) said it would buy American Realty Capital Trust IV for $3.1 billion in cash and stock.

The acquisition is expected to close by the end of the third quarter, ARCP said on Tuesday.

The company also raised its 2014 adjusted funds from operations forecast to $1.19-$1.25 per share.