ARCTRUST Receives BBB Investment Grade Rating from Egan-Jones
NEW YORK, Jan. 20, 2022 /PRNewswire/ -- ARCTRUST Inc , a private real estate investment trust specializing in the development, acquisition, and joint-venture lending of single-tenant net lease properties, has announced that it has been assigned an Investment Grade Credit Rating of BBB from Egan-Jones Rating Company.
- NEW YORK, Jan. 20, 2022 /PRNewswire/ -- ARCTRUST Inc , a private real estate investment trust specializing in the development, acquisition, and joint-venture lending of single-tenant net lease properties, has announced that it has been assigned an Investment Grade Credit Rating of BBB from Egan-Jones Rating Company.
- "An investment grade rating is a significant accomplishment for any private REIT, and this enhances ARCTRUST's ability to increase shareholder value by opening new doors for both product and capital," said Robert Ambrosi, Chairman of ARCTRUST.
- Net Lease properties are general purpose buildings leased to one or more nationally or regionally recognized tenants.
- Studies by the Federal Reserve and prestigious academic institutions confirm that over time, ratings from the largest NRSROs tend to converge toward the Egan-Jones rating.