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8-K - CURRENT REPORT - American Finance Trust, Inc | v347567_8k.htm |
COMMUNICATION
FOR BROKER DEALERS AND FINANCIAL ADVISORS
AFFILIATED WITH MEMBERS OF THE
AMERICAN REALTY CAPITAL TRUST V SELLING GROUP
We are writing to inform current and prospective members of
the American Realty Capital Trust V, Inc. (“ARCT V”) selling group that, effective June 21, 2013, Realty Capital Securities,
LLC (“RCS”) will no longer solicit new members for the ARCT V selling group. This decision, made jointly by
ARCT V’s Advisor and RCS, is based on several factors.
We are committed to keeping our selling groups appropriately sized and believe that the current ARCT V selling group is “right
sized” to complete the offering. Importantly, the firms that have supported our efforts, and with which we have developed
strong relationships at both the home office and financial advisor levels, deserve to participate as contemplated in the successful
completion of the ARCT V capital raise. The current size and composition of the selling group, coupled with the present
velocity of the capital raise, in excess of $200 million per month, have contributed to this decision. We believe that our
existing selling group has ample capacity and ability to raise the maximum amount of the offering in order to complete the equity
capitalization of ARCT V.
As of today, the ARCT V selling group consists of 165 firms with approximately 50,000 financial advisors.
We will consider for execution selling agreements with broker dealers that are actively engaged in the diligence process as of
June 21, 2013.
Additionally, American Realty Capital has advised that it does not currently expect to introduce a successor public non-listed
net lease offering until at least 12 months following the close of the ARCT V offering which is expected to occur later this year.
This will afford it sufficient time to both deploy raised capital and to assess market conditions, the economic climate and the
interest rate environment as they apply to public non-listed net lease offerings.
Please feel free to contact us with any questions on this announcement.
Best,
Mike and Louisa
Michael Weil Chief Executive Officer Realty Capital Securities |
Louisa Quarto President Realty Capital Securities |
Not For Further Distribution |