American Realty Capital Properties Inc is in talks to purchase NorthStar Realty Finance Corp, according to people familiar with the matter, in a deal that would combine a major property owner with a real estate financing company,The discussions between the two real estate investment trusts are preliminary, and there is no guarantee a deal would materialize, the people said on Monday, requesting anonymity because the matter is not public.New York-based American Realty, which has a market capitalization of nearly $10 billion, has been acquisitive in recent years and bought Cole Real Estate Investments Inc last year.NorthStar, which has a market value of roughly $5.8 billion, is a loan originator and manager of commercial real estate debt and is structured as a REIT.
American Realty Capital Properties, Inc. is a real estate investment trust (REIT). Shares of ARCP traded higher by 0.58% or $0.075/share to $13.08. In the past year, the shares have traded as low as $12.13 and as high as $18.05. On average, 9702440 shares of ARCP exchange hands on a given day and today's volume is recorded at 10975607.
NorthStar Realty Finance Corp. is an internally managed real estate finance company. Shares of NRF traded higher by 10.73% or $1.72/share to $17.75. In the past year, the shares have traded as low as $8.14 and as high as $16.44. On average, 7563080 shares of NRF exchange hands on a given day and today's volume is recorded at 24269238.
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