American Realty Capital Healthcare Trust acquired 33 additional healthcare properties for USD536.5m during the third quarter of 2013.
As of 30 September 2013, ARC Healthcare's portfolio contained 103 properties purchased for USD1.41bn.
Additionally, as of that date, ARC Healthcare had placed an additional USD162.5m worth of properties under executed purchase and sale agreements and another USD92.8m worth of healthcare assets under executed letters of intent which, when combined, would result in an approximate USD1.7bn portfolio. ARC Healthcare continues to execute on its announced acquisitions strategy by purchasing a diverse mix of high quality medical office buildings, seniors housing and other healthcare assets.
"We had a very active and productive third quarter, investing a substantial portion of our raised equity into high quality healthcare assets," says Thomas P D'Arcy, chief executive officer of American Realty Capital Healthcare Advisors. "By capitalising on significant market opportunities, we have built a diverse, well-balanced portfolio of real estate properties servicing America's healthcare needs. We remain focused on taking advantage of today's dynamic and growing healthcare marketplace and the increasing requirements and funding for healthcare services. We look forward to closing on our remaining transactions and completing our portfolio construction."