American Realty Capital Properties agreed to sell Cole Capital to RCS Capital Corp. for approximately $700 million, reports Bloomberg. U.S. REITs reported their worst quarterly results in a year, due to expectations of rising interest rates, according to The Wall Street Journal. Sabra Health Care REIT bought a 21-property portfolio of independent living facilities, reports Commercial Property Executive. These are among todays must reads for the commercial real estate industry.
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