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American Realty Capital REIT Buying 1440 Broadway for $528.6 Million

Building Purchase to Boost Portfolio to $2.1 Billion in Property Assets
By Finn Raftery
October 29, 2013 | 9:21 P.M.

Continuing its quest to boost its ownership of New York City real estate, American Realty Capital New York Recovery REIT has struck a deal to acquire another Manhattan property, agreeing to pay $528.6 million for 1440 Broadway to a joint venture of Rockpoint Group and Monday Properties. Eastdil Secured acted as a special advisor to the sellers in this transaction.

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News | American Realty Capital REIT Buying 1440 Broadway for $528.6 Million