American Realty Capital Properties Inc. (ARCP) agreed to purchase American Realty Capital Trust IV in a deal valued at roughly $3.1 billion, according to the company.

American Realty Capital Properties offered its shares for $30 each, the nonlisted real estate investment trust stated.

The acquisition provides American Realty Capital with 2,579 single-tenant properties net leased to 470 tenants across 29 industries in 48 states. 

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