VEREIT, Inc. is a real estate investment trust that primarily invests in single tenant, freestanding commercial properties that are net leased on a medium-term basis to creditworthy tenants. Its focus is on retail and office properties, and its portfolio is made up of properties owned and acquired from a variety of sources. The company was founded in 2010 and is headquartered in Phoenix, Arizona. Its former name was American Realty Capital Properties, Inc.