NEW YORK, June 13, 2012 /PRNewswire/ -- American
Realty Capital ("ARC") has engaged the due diligence services of
Duff & Phelps, a leading independent financial advisory and
investment banking firm. This reinforces ARC's demonstrated
commitment to transparency and allows current and prospective
selling group members to benefit from Duff & Phelps' team of
more than 1,000, experienced and knowledgeable due diligence
professionals working in more than 30 offices around the world.
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This engagement supports American Realty Capital's commitment to
shareholder best practices while underscoring the technical and
investigative expertise that Duff & Phelps brings to the
non-traded REIT sector. ARC's best practices include:
- Ongoing portfolio scrutiny to determine whether management is
acting consistently with the announced investment strategy;
- Transparency that enables shareholders to make the most
informed investment decisions possible; and
- Alignment of management and shareholder interests
The inclusion of Duff & Phelps' Independent Broker Dealer
Due Diligence team to the third-party review of companies
distributed by Realty Capital Securities, LLC, ARC's FINRA-member
broker dealer subsidiary, adds to the following already impressive
roster of ARC due diligence firms:
- Buttonwood Investment Services, LLC
- FactRight, LLC
- Mick & Associates, P.C., LLO
- Point Loma Investment Management, Inc.
- SLM Consulting
- Snyder Kearney, LLC
"We are pleased to expand the group of firms conducting
independent reviews of our company and offerings. Duff & Phelps
brings an enduring reputation for independence and a full suite of
capabilities, including operational and financial performance
benchmarking, investigations, asset verification, and alternative
asset advisory services to the direct investment industry at a time
when expanded and differentiated reviews of companies' structure,
performance and management teams are critical," said Nicholas S. Schorsch, chief executive officer of
American Realty Capital.
About American Realty Capital
American Realty Capital is a full-service investment management
firm providing advisory services to retail and institutional
investors. ARC is one of the most active sponsors and managers of
public and private real estate investments, including multiple
REITs, a business development company and other investment
solutions. ARC was formed by Nicholas S.
Schorsch and William M.
Kahane with the vision of building the firm into the
nation's preeminent operator and distributor for best-in-class,
non-competing, non-correlated offerings. With the departure of Mr.
Kahane in early 2012 to run ARC's publicly listed flagship REIT,
American Realty Capital Trust, Inc. (Nasdaq: ARCT), Michael Weil was appointed to continue
fulfilling this vision. Both Mr. Schorsch and Mr. Weil have
extensive backgrounds in real estate and capital markets with
expertise in transaction structure, capital raising and formation.
Collectively, ARC's executive team has acquired and managed over
$10 billion of real estate since
2001.
About Duff & Phelps
A leading global financial advisory and investment banking firm,
Duff & Phelps balances analytical skills, deep market insight
and independence to help clients make sound decisions. The firm
provides expertise in the areas of valuation, transactions,
financial restructuring, alternative assets, disputes and taxation.
With more than 1,000 employees, Duff & Phelps serves clients
from offices in North America,
Europe and Asia.
SOURCE AR Capital, LLC