American Realty Capital Properties

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  • February 2015 – Briefs/People

    C&W Grabs Massey Knakal; Silverstein Properties Appoints Kerret as President; BKM Capital Partners Adds Five to Team; NeighborWorks America Names New CEO; Stone Point Capital Grabs Situs, Makes Powel New CEO; ARCP’s Schorsch, Kay Say Goodbye; Bowles Named President of Kidder Mathews’ West Coast Brokerage; Wood Partners Hires Barrett as Director of Houston Office.

    National 29 January 2015 22:41
  • Corvex Boosts ARCP, Stock Jumps

    There’s the accounting debacle, investigations and many a resignation, but the latest news from American Realty Capital Properties Inc., while gossip-worthy, is without scandal or negativity even.

    National 05 January 2015 15:55
  • Schorsch Steps Down at NYRT; Happel Steps Up

    Roughly two weeks after real estate industry bigwig Nick Schorsch resigned from his position as executive chairman of American Realty Capital Properties following revelation that the AR Capital-sponsored REIT had deliberately concealed accounting errors in financial statements, Schorsch has relinquished his position as chairman of the board and CEO of AR Capital-sponsored New York REIT Inc.

    National 31 December 2014 16:44
  • ARCP Board Outlines Priorities, Announces Lender Deal

    Maybe it was a way of trying to be low profile, or maybe it was only what it was, but last Wednesday, Christmas Eve, American Realty Capital Properties Inc. set out its board’s priorities and announced that it has concluded an evaluation of its portfolio properties.

    National 29 December 2014 15:24
  • Former CAO’s Suit Against ARCP Could Shake Up Non-Traded REIT Sector

    Last week’s defamation suit brought against American Realty Capital Properties by its former chief accounting officer, Lisa McAlister, fits a common enough pattern: A company and an ousted executive go to war over whether there was or was not just cause for the exec’s involuntary departure.

    National 22 December 2014 15:37
  • Moody’s Downgrades ARCP Stock to Junk Due to ‘Continued Uncertainty’ at REIT

    One day after American Realty Capital Properties Executive Chairman Nick Schorsch and the company’s other two top executives resigned in the wake of an accounting scandal, the REIT giant suffered another blow as Moody’s Investors Service downgraded its credit ratings to junk status because of the “continued uncertainty” from the management shakeup and ongoing investigations and lawsuits.

    National 17 December 2014 15:55
  • ARCP’s Schorsch, Kay Say Goodbye

    Both ARCP's Chairman, Nick Schorsch, and CEO, David Kay, have stepped down from their posts amid accounting errors at the largest publicly traded net lease REIT.

    National 15 December 2014 19:16

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