Brian Block

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  • ARCP Sues RCS for Canceling $700M Cole Deal

    American Realty Capital Properties has fired the next shot in the battle with RCS Capital Corp. over its termination of the Cole Capital Partners $700 million deal by filing a lawsuit against RCS.

    National 12 November 2014 20:31
  • 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
  • 2 ARCP Execs Resign in Midst of Accounting Errors, Stock Plummets

    The CFO and top accounting executive at American Realty Capital Properties resigned Wednesday after ARCP admitted there were errors in its financial statements as recently as this year’s second quarter that “should no longer be relied upon.”

    National 29 October 2014 20:19
  • 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