People: American Realty Capital Properties Inc (ARCP.OQ)
ARCP.OQ on NASDAQ Stock Exchange Global Select Market
14.09USD
12:01pm EDT
14.09USD
12:01pm EDT
Price Change (% chg)
$0.09 (+0.64%)
$0.09 (+0.64%)
Prev Close
$14.00
$14.00
Open
$14.05
$14.05
Day's High
$14.24
$14.24
Day's Low
$14.00
$14.00
Volume
153,177
153,177
Avg. Vol
1,073,556
1,073,556
52-wk High
$18.05
$18.05
52-wk Low
$10.62
$10.62
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
Nicholas Schorsch |
51 | 2010 | Chairman of the Board, Chief Executive Officer |
Edward Weil |
45 | 2013 | President, Secretary, Director |
Brian Block |
41 | 2010 | Chief Financial Officer, Executive Vice President |
Brian Jones |
44 | 2013 | Chief Operating Officer |
Peter Budko |
53 | 2010 | Executive Vice President, Chief Investment Officer |
Scott Bowman |
56 | 2013 | Director |
William Kahane |
65 | 2013 | Director |
Edward Rendell |
2013 | Director | |
Walter Lomax |
79 | 2011 | Independent Director |
Leslie Michelson |
62 | 2012 | Independent Director |
Biographies
| Name | Description |
|---|---|
Nicholas Schorsch |
Mr. Nicholas S. Schorsch serves as Chairman of the Board, Chief Executive Officer of American Realty Capital Properties Inc. He has been the chairman and chief executive officer of Company since formation in December 2010 and chief executive officer of the Manager since its formation in November 2010. He has been active in the structuring and financial management of commercial real estate investments for over 23 years. Mr. Schorsch also has been the chairman of the board of American Realty Capital Trust, Inc. (“ARCT”) since its formation in August 2007 and served as the chief executive officer of ARCT, the ARCT property manager and the ARCT advisor from their formation in August 2007 until March 2012. Mr. Schorsch has served as the chairman and chief executive officer of American Realty Capital New York Recovery REIT, Inc. (“NYRR”) since its formation in October 2009. Mr. Schorsch has also been the chairman of the board and chief executive officer of American Realty Capital Daily Net Asset Value Trust, Inc. (“ARC DNAV”) and the chief executive officer of the ARC DNAV advisor and the ARC DNAV property manager since their formation in September 2010. Mr. Schorsch has been the chairman and chief executive officer of American Realty Capital Trust III, Inc. (“ARCT III”) and the chief executive officer of the advisor and property manager of ARCT III since their formation in October 2010. Mr. Schorsch also has been the chairman and chief executive officer of American Realty Capital Global Daily Net Asset Value Trust, Inc. (“ARC Global DNAV”) since their formation in July 2011. He also has served as the chief executive officer of the ARC Global DNAV advisor and the ARC Global DNAV property manager since their formation in July 2011 and January 2012, respectively. |
Edward Weil |
Mr. Edward M. Weil, Jr., serves as President, Treasurer, Director of American Realty Capital Properties Inc. He resigned as Executive Vice President, Secretary of the company effective March 1, 2012. Mr. Weil has also been executive vice president of Manager since its formation in November, 2010. Mr. Weil has been the chief executive officer of Realty Capital Securities, affiliated co-dealer manager for this offering, since December 2010. Mr. Weil has served as executive vice president and secretary of ARCT since its formation in 2007 and as executive vice president and secretary of ARCT’s advisor and property manager since their formation in 2007. Since October 2009, Mr. Weil has also served as executive vice president and secretary of NYRR and of both the property manager and advisor of NYRR. Mr. Weil has served as executive vice president and secretary of ARC RCA since its formation in July 2010. Mr. Weill has served as executive vice president and secretary of ARC RCA’s advisor since its formation in May 2010. Mr. Weil has served as executive vice president and secretary of ARC HT since its formation in August 2010. He was formerly the senior vice president of sales and leasing for AFRT (as well as for its predecessor, AFRG) from April 2004 to October 2006, where he was responsible for the disposition and leasing activity for a 33 million square foot portfolio of properties. Under the direction of Mr. Weil, his department was the sole contributor in the increase of occupancy and portfolio revenue through the sales of over 200 properties and the leasing of over 2.2 million square feet, averaging 325,000 square feet of newly executed leases per quarter. From October 2006 to May 2007, Mr. Weil was managing director of Milestone Partners Limited. Mr. Weil also was president of Plymouth Pump & Systems Co. from July 1987 to April 2004. Mr. Weil attended George Washington University. |
Brian Block |
Mr. Brian S. Block serves as Chief Financial Officer, Executive Vice President of American Realty Capital Properties Inc., since December, 2010. Mr. Block also has been executive vice president and chief financial officer of Manager since its formation in November, 2010. Mr. Block has served as executive vice president and chief financial officer of ARCT since its formation in 2007 and as executive vice president and chief financial officer of ARCT’s advisor and property manager since their formation in 2007. He is also executive vice president and chief financial officer of American Realty Capital, LLC and American Realty Capital Properties, LLC. Since October 2009, Mr. Block has also served as executive vice president and chief financial officer of NYRR and of both the property manager and advisor of NYRR. Mr. Block has served as executive vice president and chief financial officer of ARC RCA since its formation in July 2010. Mr. Block has served as executive vice president and the chief financial officer of Business Development Corporation since its formation in May 2010. Mr. Block has served as executive vice president and chief financial officer of ARC — Northcliffe since its formation in September 2010. Mr. Block has served as executive vice president and chief financial officer of ARCT III since its formation in October 2010. Mr. Block has served as executive vice president and chief financial officer of the advisor and property manager for ARCT III since their formation in October 2010. Mr. Block also is responsible for the accounting, finance and reporting functions at ARC. He is a certified public accountant and is a member of the AICPA and PICPA. Mr. Block serves on the REIT Committee of the Investment Program Association. Mr. Block received a B.S. from Albright College and an MBA from La Salle University. |
Brian Jones |
Mr. Brian D. Jones is appointed as the Chief Operating Officer of American Realty Capital Properties Inc. He served as chief financial officer and Treasurer of ARCT from its internalization in March 2012 until the close of its merger with Realty Income Corporation in January 2013. Prior to ARCT’s internalization, Mr. Jones served as senior vice president, managing director and head of investment banking at Realty Capital Securities, LLC and ARC from September 2010 through February 2012. Prior to joining Realty Capital Securities, LLC and ARC, Mr. Jones was a director in the real estate investment banking group at Robert W. Baird & Co. from February 2008 through August 2010. From January 2005 through November 2007, Mr. Jones was an executive director in the real estate investment banking group at Morgan Stanley & Co. Prior to that, Mr. Jones worked in the real estate investment banking group at RBC Capital Markets from February 2004 through February 2005. From October 1997 through February 2001, Mr. Jones worked in the real estate investment banking group at PaineWebber. He also founded in February 2001 and operated through February 2004 an independent financial consulting firm focused on strategic advisory and private capital raising for real estate investment firms. From September 1990 to October 1997, Mr. Jones worked in the real estate tax advisory group at Coopers & Lybrand, LLP, where he was a manager focused on REIT and partnership tax structuring. Mr. Jones is a Certified Public Accountant, licensed in California since 1993, and is a member of CSCPA, ULI and NAREIT. Mr. Jones also has Series 7, 24 and 63 licenses. Mr. Jones received a B.S. with honors in Agricultural and Managerial Economics from the University of California at Davis and an M.S. in Taxation from Golden State University. |
Peter Budko |
Mr. Peter M. Budko serves as an Executive Vice President, Chief Investment Officer of American Realty Capital Properties Inc., since December, 2010. Mr. Budko has also been the executive vice president and chief investment officer of Manager since its formation in November, 2010. Mr. Budko has served as executive vice president and chief investment officer of ARCT since its formation in 2007 and as executive vice president and chief investment officer of ARCT’s advisor and property manager since their formation in 2007. Since October 2009, Mr. Budko has also served as executive vice president and chief operating officer of NYRR and executive vice president of both the property manager and advisor of NYRR. Mr. Budko has served as executive vice president and chief investment officer of ARC RCA since its formation in July 2010. Mr. Budko has served as executive vice president and chief investment officer of ARC HT’s advisor and property manager since their formation in August 2010. Mr. Budko has served as executive vice president and the chief investment officer of Business Development Corporation since its formation in May 2010. Mr. Budko founded and formerly served as managing director and group head of the Structured Asset Finance Group, a division of Wachovia Capital Markets, LLC, from February 1997 to January 2006. The Wachovia Structured Asset Finance Group structured and invested in real estate net leased to corporate tenants. Mr. Budko received a B.A. in Physics from the University of North Carolina. |
Scott Bowman |
Mr. Scott J. Bowman is appointed as the Director of American Realty Capital Properties, Inc. He was appointed as an independent director of American Realty Capital Global Trust, Inc. (“ARC Global”) in May 2012. Mr. Bowman also served as an independent director of ARCT III from February 2012 until the close of the Merger. Mr. Bowman has over 20 years of experience in global brand and retail management in addition to retail store development. From May 2005 until September 2008, Mr. Bowman served as president of Polo Ralph Lauren International Business Development where he was also a member of the executive committee and capital committee. From June 2007 until September 2008, Mr. Bowman served as chairman of Polo Ralph Lauren Japan. During his time with Polo Ralph Lauren, Mr. Bowman led the effort to transform the company’s business in Asia from a licensed structure to a direct, integrated subsidiary of Polo Ralph Lauren. From 2003 to 2005, Mr. Bowman served as founder and chief executive officer of Scott Bowman Associates International Retail Consultancy. From May 1998 until January 2003, Mr. Bowman served as an executive officer of two subsidiaries of LVMH Moet Hennessy Louis Vuitton. From February 2001 until January 2003, Mr. Bowman served as the chief executive officer of Marc Jacobs Int’l. From May 1998 until January 2001, he was the region president of Duty Free Shoppers. Mr. Bowman has been the chairman of the board of Colin Cowie Enterprises, a multi-platform digital events and lifestyle company, since its formation in March 2011. He was also a member of the boards of directors of Stuart Weitzman from February 2009 until April 2010 and The Health Back, a specialty and e-commerce retailer, from May 2004 until September 2007. Mr. Bowman received his B.A. from the State University of New York at Albany. |
William Kahane |
Mr. William M. Kahane is the Director of American Realty Capital Properties Inc. He has been active in the structuring and financial management of commercial real estate investments for over 35 years. Mr. Kahane served as an executive officer of American Realty Capital Trust, Inc. (“ARCT”), the ARCT advisor and the ARCT property manager from their formation in August 2007 until the close of ARCT’s merger with Realty Income Corporation in January 2013. He also served as a director of ARCT from August 2007 until January 2013. Mr. Kahane has served as a director of ARC RCA since its formation in July 2010. He also had served as an executive officer of ARC RCA and the ARC RCA advisor from their formation in July 2010 and May 2010, respectively, until March 2012. Mr. Kahane also has been a director of Phillips Edison-ARC Shopping Center REIT Inc. (“PE-ARC”) and the president, chief operating officer and treasurer of the PE-ARC advisor since their formation in December 2009. Mr. Kahane served as a director of American Realty Capital Daily Net Asset Value Trust, Inc. (“ARC DNAV”) and an executive officer of ARC DNAV, the ARC DNAV advisor and the ARC DNAV property manager from their formation in September 2010 until March 2012. Mr. Kahane served as a director and executive officer of ARCP and as an executive officer of the ARCP advisor from their formation in December 2010 and November 2010, respectively, until March 2012. Mr. Kahane also has been an interested director of BDCA since its formation in May 2010 and, until March 2012, was the president of BDCA. Mr. Kahane also was on the board of directors of Catellus Development Corp., a NYSE growth-oriented real estate development company, where he served as chairman. Mr. Kahane received a B.A. from Occidental College, a J.D. from the University of California, Los Angeles Law School and an MBA from Stanford University’s Graduate School of Business. |
Edward Rendell |
Governor Edward G. Rendell is Director of American Realty Capital Properties Inc. Governor Rendell was appointed as an independent director of ARC Global in March 2012. Governor Rendell Governor Rendell also has served as an independent director of ARCP from July 2011 until October 2012, Business Development Corporation of America (“BDCA”) since January 2011 and ARCT III from March 2012 until the close of the Merger. Governor Rendell also served as an independent director of American Realty Capital – Retail Centers of America, Inc. (“ARC RCA”) from July 2010 until March 2012 and from October 2012 until the present. Governor Rendell also served as an independent director of American Realty Capital Healthcare Trust, Inc. (“ARC HT”) from January 2011 until March 2012. Governor Rendell served as the 45th Governor of the Commonwealth of Pennsylvania from January 2003 through January 2011. As the Mayor of Philadelphia, he eliminated a $250 million deficit, balanced the city's budget and generated five consecutive budget surpluses. He was also the General Chairperson of the National Democratic Committee from November 1999 through February 2001. Governor Rendell served as the District Attorney of Philadelphia from January 1978 through January 1986. In 1986 he was a candidate for governor of the Commonwealth of Pennsylvania. In 1987, he was a candidate for the mayor of Philadelphia. From 1988 through 1991, Governor Rendell was an attorney at the law firm of Mesirov, Gelman and Jaffe. From 2000 through 2002, Governor Rendell was an attorney at the law firm of Ballard Spahr. Governor Rendell worked on several real estate transactions as an attorney in private practice. An Army veteran, Governor Rendell holds a B.A. from the University of Pennsylvania and a J.D. from Villanova Law School. |
Walter Lomax |
Dr. Walter P. Lomax, Jr., M.D., serves as an Independent Director of American Realty Capital Properties Inc., since July 2011. Dr. Lomax has served as a member of the board of directors of ARC HT since January 2011. From September 1958 through September 1990, Dr. Lomax was engaged as a physician in private practice in Philadelphia, Pennsylvania. During this time, he grew his practice from a private single physician office into Lomax Medical Associates, a multi-site group practice consisting of over 20 physicians located in five separate locations. Lomax Medical Associates provided high quality care in traditionally underserved areas. In July 1982, Dr. Lomax established Lomax Health Systems, a management company concentrating exclusively on healthcare. In 1984, Lomax Health Systems won a medical services contract to recruit physicians and physician assistants to supplement Philadelphia’s staff in the prison system. In January 1990, Dr. Lomax formed Correctional Healthcare Solutions, which specialized in the management and delivery of health services to correctional facilities. At the time of its sale in July 2000, Correctional Healthcare Solutions was providing health care in 60 correctional facilities in 16 states. From July 1989 through September 2002, Dr. Lomax was the co-founder and vice chairman of AmeriChoice, Inc., a Medicaid HMO with licenses in Pennsylvania, New Jersey and New York. In September 2002, AmeriChoice was sold to United Health Group Company. |
Leslie Michelson |
Mr. Leslie D. Michelson is appointed as the Independent Director of American Realty Capital Properties, Inc. He also serves as an independent director of American Realty Capital Trust, Inc. (“ARCT”) since January 2008, American Realty Capital Healthcare Trust, Inc. (“ARC HT”) since January 2011, and Business Development Corporation of America (“BDCA”) since January 2011. Mr. Michelson served as an independent director of American Realty Capital – Retail Centers of America, Inc. from March 2012 until October 2012 and American Realty Capital New York Recovery REIT, Inc. from October 2009 until August 2011. Mr. Michelson has served as the chairman and chief executive officer of Private Health Management, a retainer-based primary care medical practice management company since April 2007. Mr. Michelson is also a director of Molecular Insight Pharmaceuticals, Inc., a biotechnology company developing innovative diagnostic and therapeutic products for prostate cancer. Mr. Michelson is currently a director of Landmark Imaging, a privately held diagnostic imaging and treatment company and of Private Health Management, a retainer-based primary care medical practice management company. Also since June 2004 and through the present, he has been and is a director of ALS-TDI, a philanthropy dedicated to curing Amyotrophic Lateral Sclerosis (ALS), commonly known as Lou Gehrig’s disease. Mr. Michelson received his B.A. from The Johns Hopkins University in 1973 and a J.D. from Yale Law School in 1976. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
Nicholas Schorsch |
-- |
Edward Weil |
-- |
Brian Block |
-- |
Brian Jones |
-- |
Peter Budko |
-- |
Scott Bowman |
-- |
William Kahane |
-- |
Edward Rendell |
-- |
Walter Lomax |
-- |
Leslie Michelson |
-- |
As Of
Options Compensation
| Name | Options | Value |
|---|---|---|
Nicholas Schorsch |
0 | 0 |
Edward Weil |
0 | 0 |
Brian Block |
0 | 0 |
Brian Jones |
0 | 0 |
Peter Budko |
0 | 0 |
Scott Bowman |
0 | 0 |
William Kahane |
0 | 0 |
Edward Rendell |
0 | 0 |
Walter Lomax |
0 | 0 |
Leslie Michelson |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
MICHELSON LESLIE D |
3,000 | $0.00 |
RENDELL EDWARD G |
3,000 | $0.00 |
LOMAX WALTER P JR |
3,000 | $0.00 |
BOWMAN SCOTT J |
3,000 | $0.00 |
SCHORSCH NICHOLAS S |
30,000 | $15.69 |
JONES BRIAN D |
1,000 | $15.57 |
WEIL EDWARD M JR |
10,000 | $15.69 |
KAHANE WILLIAM M |
30,000 | $15.69 |
JONES BRIAN D |
2,000 | $15.56 |
BUDKO PETER M |
30,001 | $15.69 |
BLOCK BRIAN S |
10,000 | $15.69 |
WEIL EDWARD M JR |
7,800 | $12.82 |
JONES BRIAN D |
2,000 | $12.64 |
SCHORSCH NICHOLAS S |
50,000 | $12.56 |
KAHANE WILLIAM M |
50,000 | $12.56 |
BLOCK BRIAN S |
2,517 | $0.00 |
SCHORSCH NICHOLAS S |
53,202 | $0.00 |
WEIL EDWARD M JR |
669 | $0.00 |
FERRACONE ROBIN A |
3,000 | $0.00 |
AR CAPITAL L L C |
19,000 | $0.00 |
WEIL EDWARD M JR |
2,944 | $0.00 |
SCHORSCH NICHOLAS S |
12,076 | $0.00 |
BUDKO PETER M |
13,723 | $0.00 |
AR CAPITAL L L C |
83,700 | $0.00 |
BLOCK BRIAN S |
572 | $0.00 |

