RCS Capital Corporation ("RCAP") RCAP, announced today that it has terminated the previously disclosed
definitive agreement to acquire Cole Capital Partners, LLC and Cole Capital
Advisors, Inc. (together, "Cole Capital") from American Realty Capital
Properties, Inc. ARCP.
In addition, concurrently with the termination of the definitive agreement to
acquire Cole Capital, the previously disclosed interim sub-advisory agreements
entered into on October 22, 2014 among RCAP and the five non-traded REITs
sponsored and advised by Cole Capital were terminated, and the wholesaling
agreements entered into on October 22, 2014 between Realty Capital Securities,
LLC ("RCS"), a subsidiary of RCAP, and Cole Capital Corporation, a subsidiary
of Cole Capital, whereby Cole Capital engaged RCS to act as its distribution
agent for the three non-traded REITs for which it currently serves as
dealer-manager, were terminated.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsPress Releases
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in