24.01.2014 00:19:00

Moody's: No rating impact on WFRBS 2013-C14 following Equity Transfer of Midtown I & II in Atlanta, Georgia

New York, January 23, 2014 -- Moody's Investors Service (Moody's) was informed of a non-permitted equity transfer of indirect ownership interests in the borrower for the Midtown I & II Loan in the WFRBS 2013-C14 transaction. The equity transfer -- which is to occur in connection with the planned merger of Cole Real Estate Investments, Inc. ("Cole") and American Realty Capital Properties, Inc. ("ARCP") and its affiliate, Clark Acquisition LLC -- will result in the transfer of indirect ownership of Midtown I & II from Cole to ARCP and its affiliate.

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