New York, October 29, 2013 -- Moody's Investors Service (Moody's) was informed of a non-permitted equity transfer request from the current borrower of the Nestle 94 Pool Loan ("Nestle 94 Pool") for the note in Wachovia Bank Commercial Mortgage Trust 2007-C34. The non-permitted equity transfer would allow for the 100% transfer of the direct or indirect interest in CLF Lathrop Business Trust, a VA Business Trust et al (the "Borrower") from CapLease, Inc. and Caplease, LP to Safari Acquisition, LLC and ARC Properties Operating Partnership, LP, as part of an Agreement and Plan of Merger with American Realty Capital Properties, Inc., ARC Properties Operating Partnership, LP, and Safari Acquisition, LLC.

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