Home > American Realty Capital > Leadership
Value is created by investing with a skilled and experienced management team deploying capital consistent with an investment strategy designed to take advantage of prevailing market opportunities. American Realty Capital is led by Nicholas S. Schorsch, Chairman & CEO and William M. Kahane, President and COO. Both Mr. Schorsch and Mr. Kahane have extensive backgrounds in Real Estate with expertise in transaction structure and execution.
Chairman of the Board and Chief Executive Officer
Mr. Schorsch founded and formerly served as President, CEO and Vice-Chairman of American Financial Realty Trust from its inception as a REIT in September 2002 until August 2006. American Financial Realty Trust ("AFRT") was a publicly traded REIT listed on the NYSE that invested exclusively in offices, operations centers, bank branches and other operationally critical real estate assets that were net leased to tenants in the financial services industry, such as banks and insurance companies. Through American Financial Resource Group and its successor corporation, American Financial Realty Trust, Mr. Schorsch executed in excess of 1,000 acquisitions with a transactional value of approximately $5 billion. In 2003, he received an Entrepreneur of the Year award from Ernst & Young. Mr. Schorsch was a board member of NAREIT from 2005 to 2006.
Mr. Kahane began his career as a real estate lawyer practicing in both the public and private sectors. From 1981-1992, he worked at Morgan Stanley & Co. (NYSE:MS) where he specialized in real estate, becoming a Managing Director. Mr. Kahane left Morgan Stanley to establish a real estate advisory and asset sales business known as Milestone Partners which continues to operate today. Mr. Kahane chaired the Finance Committee of the Board of Trustees at AFRT (2003 to 2006), during which time he worked very closely with Mr. Schorsch. Bill is currently a Managing Director of GF Capital Management & Advisors LLC, a New York based merchant banking firm, where he directs the firm's real estate investments. He also serves as a member of the Investment Committee of Aetos Capital Asia Advisors, LLC, an opportunistic investment fund managed by Aetos Capital, focused on investments in real estate and related assets primarily in Japan and China. ACA Funds I and II raised approximately $3 billion of equity capital. Mr. Kahane also served on the Board of Directors of Catellus Development Corp., an NYSE growth-oriented real estate development company.
President & Chief Operating Officer
Michael Weil was appointed President of American Realty Capital in February 2012. In his new role, Mr. Weil will continue to uphold the company’s industry best practice standards and basic principles of risk diversification specific to net lease strategies, which targets real estate triple net leased, long-term, to primarily investment grade and credit worthy tenants, thereby providing strong risk-adjusted returns to investors. Mr. Weil will maintain an active leadership role with Realty Capital Securities (“RCS”), American Realty Capital’s affiliated broker dealer, as its Chairman and CEO. In this capacity, Mr. Weil will continue to provide strategic planning, management and operational oversight for the broker dealer and its team of experienced securities professionals.
Prior to assuming the helm of RCS, Mr. Weil served as Executive Vice President of American Realty Capital, where he was integral in sourcing and originating investment opportunities for American Realty Capital sponsored investment programs.
Mr. Weil was formerly Senior Vice President of Sales and Leasing for American Financial Realty Trust (“AFRT”) where he was responsible for the disposition and leasing activity for a 37.3 million square foot portfolio. During his tenure at AFRT, his division increased occupancy and portfolio revenue through the sale of over 200 properties and leasing of over 2.2 million square feet, which greatly increased shareholder value.
Mr. Weil serves as President-elect and a member of the Board of Directors of the Real Estate Investment Securities Association (“REISA”), the leading alternative investments association providing education, networking and advocacy for members.
Executive Vice President & Chief Investment Officer
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 (NYSE: WB) from 1997-2006. The Structured Asset Finance Group structures and invests in real estate that is net leased to corporate tenants. While at Wachovia, Mr. Budko acquired over $5 billion of net leased real estate assets. From 1987-1997, he worked in the Corporate Real Estate Finance Group at NationsBank Capital Market (predecessor to Bank of America Securities) becoming head of the group in 1990.
Executive Vice President & Chief Financial Officer
Mr. Block is responsible for the accounting, finance and reporting functions at American Realty Capital ("ARC"). He has extensive experience in SEC reporting requirements as well as REIT tax compliance matters, and has been instrumental in developing ARC's infrastructure and positioning the organization for growth. Mr. Block began his career in public accounting at Ernst & Young and Arthur Andersen from 1994 to 2000. Subsequently, Brian was the Chief Financial Officer of a venture capital-backed technology company for several years prior to joining American Financial Realty Trust (AFRT) in 2002. While at AFRT, Mr. Block served as Chief Accounting Officer from 2003 to 2007 and oversaw the financial, administrative and reporting functions of the organization. He is a certified public accountant, a member of the AICPA and PICPA, and serves on the REIT Committee of the Investment Program Association.
Realty Capital Securities, LLC (Member FINRA/SIPC), is the dealer-manager for all stated proprietary offerings, an affiliate. Realty Capital Securities, LLC, Three Copley Place, Suite 3300, Boston, MA 02116, T 877-373-2522
Investors should consider a fund's investment objectives, risks, charges and expenses before investing. This sales and advertising material is neither an offer to sell nor a solicitation of an offer to buy any securities. Such an offer can only be made by the Prospectus. This material must be read in conjunction with the current Prospectus for the respective offering in order to fully understand all of the implications and risks of the offering of securities to which it relates. A copy of the Prospectus must be made available to you in connection with this offering. You must meet suitability standards in order to buy any securities described herein. Refer to the details in the applicable Prospectus. The achievement of any or all goals of any offering that may be described herein is not guaranteed. Risks for these investment program offerings typically include: no public market currently exists, and one may never exist; there is no assurance that the value of the holdings will be sufficient to return any portion of the investors original capital invested in any offering of such securities; substantial fees and expenses are typically paid to an offerings advisor, its affiliates and participating broker dealers; assets acquired with leverage have risks including loss of value and limits on flexibility needed if there are changes in the business or industry. An investment in any of these investment programs should be made only after careful review of the related prospectus. All information contained in this material is qualified by the terms of applicable Prospectus.
Other than as specifically indicated on the respective page, properties depicted in the photographs are of assets held in either American Realty Capital's current offerings or past real estate investment programs sponsored by American Realty Capital.