Brian Block

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  • Ratings Agencies Review ARCP Accounting Errors; SEC Expected to Investigate

    Shares in American Realty Capital Properties continued dropping Thursday, one day after the REIT admitted there were accounting errors that were intentionally covered up in its recent financial statements leading to the resignation of two top executives, reviews by two ratings agencies and a possible investigation by the U.S. Securities and Exchange Commission.

    National 30 October 2014 20:43
  • ARCP to Absorb ARCT IV, Valued at $3B

    Nicholas Schorsch continues building American Realty Capital Properties into a dominating player in the net-lease space with yesterday’s announcement that it is merging with American Realty Capital Trust IV Inc., a public non-traded REIT, in a stock and cash deal worth about $3 billion.

    National 02 July 2013 22:14
  • Schorsch on Recent REIT Purchase: ‘CapLease Has Higher Leverage’

    The Chairman & CEO of American Realty Capital Property chats with CPE about his company's most recent REIT acquisition. Calling it a “transformative deal for both companies,” he announced Tuesday that ARCP plans to acquire CapLease Inc. for about $2.2 billion, including debt.

    National 29 May 2013 13:08

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