ARC Healthcare closes acquisition of medical office building in Willingboro

Jan 4 2012

American Realty Capital Healthcare Trust, Inc. ("ARC Healthcare" or the "Company") announced that on December 29, 2011, the Company closed its acquisition of a fee simple interest in a medical office building located in Willingboro, New Jersey, for a purchase price of approximately $3.3 million, exclusive of closing costs. The acquisition increases the total size of ARC Healthcare's portfolio to approximately $164.5 million, comprising 12 properties.

The one-story, 11,000 square foot building is 100% leased to The Cooper Health System, a New Jersey not-for-profit corporation. The lease commenced in April 2010 and has a 10-year term expiring in April 2020.