AMERICAN REALTY CAPITAL TO PURCHASE $30.9 MILLION FREIGHT FACILITY

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HOUSTON — American Realty Capital Trust expects to acquire a Houston freight facility net leased to FedEx Freight this month for approximately $30.9 million. The building totals 152,640 square feet and is located in the Satsuma Station Industrial Park. The primary lease term is 15 years and provides for up to two successive 5-year extensions. The seller is PinPoint Commercial. The first-mortgage loan will be financed by a major European bank, which will represent about 50 percent of the total purchase price, with American Realty providing the remaining capital.

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