American Realty Completes Purchase of Properties From GE Capital

American Realty Capital Properties Inc. completed the purchase of 447 properties mainly used by restaurants from General Electric Co.’s finance arm for $774 million after agreeing to take 24 sites out of the deal.

The buildings are mostly rented out to tenants that operate national food chains including Arby’s, Burger King, Taco Bell, and Wendy’s, American Realty said in a statement today. The deal with GE Capital means the New York-based company has made about $1.14 billion in acquisitions this year, American Realty said.