Clifton Firm Capitalizing On Commercial Real Estate ; Arc Fund Buying Retail Properties
The Record, Bergen County, NJ › April 06, 2010
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Summary
ARC Properties Inc. has been raising capital this year for a new real estate fund to purchase stand-alone retail properties and unfinished developments.
The Clifton-based real estate firm plans to buy $100 million in properties this year for ARC Property Trust Inc., a private real estate investment trust, to take advantage of a decline in commercial real estate prices and a dearth of construction financing, ARC Properties' Chairman and Chief Executive Officer Robert Ambrosi said.See the full content of this document
Extract
Clifton Firm Capitalizing On Commercial Real Estate ; Arc Fund Buying Retail Properties
The REIT will focus on retail properties in the corridor from Washington, D.C., to New York with single tenants,...
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