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American Realty Capital Properties closes $1.5 bln Red Lobster sale-leaseback transaction with Darden Restaurants Inc

Monday, 28 Jul 2014 04:14pm EDT 

American Realty Capital Properties Inc:Closes about 500 Red Lobster restaurant properties as part of an about $1.5 bln sale-leaseback transaction.Transaction was completed in conjunction with Golden Gate Capital's (GGC) acquisition of Red Lobster from Darden Restaurants Inc.