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.

Nicholas S. Schorsch

Chairman 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.

William M. Kahane

President, Chief Operating Officer

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.