AR Capital's Real Estate Private Equity Offering Completes its First Closing

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Sep 12, 2014, 06:00 ET

NEW YORK, Sept. 12, 2014 /PRNewswire/ -- AR Capital, LLC ("AR Capital") announced today a first closing for its flagship real estate private equity fund.

"We are very pleased with the support we have received from our initial investors. As one of the fastest growing real estate sponsors today, we consider it an affirmation of the high quality of our team, the value created within our existing sponsored offerings, and the strong performance of our previous investments," said William M. Kahane, Co–Founder of AR Capital and Managing Partner of the real estate private equity fund.

Mr. Kahane continued, "We are optimistic about this opportunity to harness the many resources at our disposal, including the investment banking and capital markets divisions of multi–billion dollar, NYSE–traded RCS Capital (NYSE: RCAP), in order to drive value and build out a more durable flow of investment income for investors. We also believe we are uniquely positioned in the current environment to commit significant discretionary capital and achieve value given our ownership and operating expertise."

About AR Capital

Founded in 2006, AR Capital is a full-service investment management firm providing advisory services to retail and institutional investors. AR Capital is an active sponsor and manager of numerous alternative investment programs, including multiple REITs, open-end mutual funds, a business development company and a closed–end fund. Additional information can be found at www.americanrealtycap.com.

Important Notice

The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. In addition, words such as "will," "should," "may," "anticipate," "believe," "expect" and "intend" indicate a forward-looking statement, although not all forward-looking statements include these words.

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SOURCE AR Capital, LLC