William Stanley

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  • 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