American Realty Capital Properties Acquires Social Security Administration Building for $4.9M

American Realty Capital Properties, Inc.

announced that on January 10, 2012, the Company closed its acquisition of a fee simple interest in a Social Security Administration building located in Freeport, New York, at a purchase price of approximately $4.9 million, exclusive of customary closing costs. The Social Security Administration property consists of a freestanding one-story building totaling approximately 12,000 rentable square feet and is 100% leased to the United States of America, which has an investment-grade credit rating as determined by major credit rating agencies. The original lease term is 10 years with 7.4 years currently remaining.