American Realty Capital Trust (ARCT) has shut its fund after securing target equity of $1.5 billion. The American Realty Capital Trust III was originally expected to be offered until March 31, 2013, or until the targeted equity raise.

The company is planning to deploy all the proceeds by the end of the third quarter of this year. Goldman Sachs will continue to be the financial advisor of the portfolio.

Click here for the release from Business Wire.