ARCTRUST Completes Series of Strategic Property Acquisitions

Headquartered in Clifton, New Jersey, ARCTRUST Properties specializes in developing, acquiring, and financing net lease properties. Founded by Robert J. Ambrosi, ARCTRUST Properties utilizes unique investment criteria, focusing on single-tenant triple net lease properties in metropolitan areas with international airports. The tenants should be nationally recognized brands with strong credit and have signed long-term leases.

With these unique strategies in mind, the company has added several acquisitions to its various investment vehicles in the first four months of the year. In April, it acquired a Walgreens in Richmond, Virginia. In February, it acquired a RITE AID in Bethel Park, Pennsylvania, and an Advance Auto Parts in Portsmouth, Virginia. In January, it acquired a Rooms To Go in Port Charlotte, Florida, and a CVS in Titusville, Florida. It continues to look for new investment opportunities along the New York-Washington DC-Florida corridor with deal size falling between $1 million and $25 million.

ARCTRUST acquires LA Fitness location

ARCTRUST is pleased to announce it has completed the acquisition of a new LA Fitness in West Melbourne, FL.  The just built 52,000 square foot facility is located on 4.8 acres of land strategically located at the exit and entrance to Interstate-95 on Palm Bay Road in a quickly growing retail and restaurant corridor which features Walmart, Bass Pro Shops, 7-Eleven, Chick-Fil-A and Starbucks.

ARCTRUST is a private Real Estate Investment Trust (REIT) that specializes in the development, acquisition, financing and joint-venture of Net Lease Properties with a focus on the New York to Washington DC corridor and Florida, although the company is also active in other metropolitan areas nationwide with international airports.  Over the past 30 years, ARCTRUST and its affiliates have been responsible for more than 300 transactions with an aggregate value in excess of $3 billion and has received numerous industry awards for its work in the area of Net Lease Properties.