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Home > American Realty Capital > Team
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.
Chief Executive Officer, Realty Capital Securities & Executive Vice President, American Realty Capital
As CEO of RC Securities, Mr. Weil provides strategic planning, management and operational oversight for RC Securities, American Realty Capital’s related broker dealer. Mr. Weil is also an Executive Vice President of American Realty Capital, the sponsor and advisor to multiple direct investment programs. Prior to assuming the helm of RC Securities, Mr. Weil was integral in 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 sales of over 200 properties and the leasing
of over 2.2 million square feet.
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.
Chief Investment Officer, American Realty Capital New York Recovery REIT
Mr. Happel has over 20 years of experience investing in real estate including acquisitions of office, retail, multifamily, industrial and hotel properties as well as acquisitions of real estate companies and real estate debt. From 1988-2002, he worked at Morgan Stanley & Co., specializing in real estate and becoming co-head of acquisitions for the Morgan Stanley Real Estate Funds, or MSREF, in 1994. While at MSREF, he was involved in acquiring over $10 billion of real estate and related assets in MSREF I and MSREF II. As stated in a report prepared by Wurts & Associates for the Fresno County Employees’ Retirement Association for the period ending September 30, 2008, MSREF I generated approximately a 48% gross IRR for investors and MSREF II generated approximately a 27% gross IRR for investors. In 2002, Mr. Happel left Morgan Stanley & Co. to join Westbrook Partners, a large real estate private equity firm with over $5 billion of real estate assets under management at the time. In 2004, he joined Atticus Capital, a multi-billion dollar hedge fund, as the head of real estate with responsibility for investing primarily in REITs and other publicly traded real estate securities.
todd jensenChief Investment Officer, American Realty Capital Healthcare Trust
Mr. Jensen currently serves as Chief Investment Officer of ARC-Healthcare Trust. He has been in the real estate industry for 20 years, specializing primarily in healthcare properties. Most recently he helped build the healthcare real estate development and acquisition business at DASCO, a national leader in the development, financing, leasing and management of medical office buildings and outpatient facilities. There he established relationships with hospitals and health systems representing $300 million in potential development. Prior to that, Mr. Jensen was a Healthcare Partner at Lauth Property Group, where he led and managed the national Healthcare Group with complete financial responsibility for the business. He grew the business from start-up to the 8th largest medical development business in the nation with more than $150 million of annual sales. Mr. Jensen established six regional offices and recruited, developed and led a staff of 42 professionals. At the Hammes Company, a recognized leader in the health care industry, he was a partner and established the Mid-Atlantic office. He also initiated and managed relationships with senior management of client organizations and investment/capital partners.
Jesse GallowayGeneral Counsel
Mr. Galloway, now General Counsel for American Realty Capital, comes to the firm from Cadwalader Wickersham & Taft, LLP, where he represented investment banks, major financial institutions and commercial banks in commercial real estate finance transactions. Mr. Galloway received his BA from John Carroll University and his law degree from the University of Richmond. He began his career at Harris Beach, LLP, in the commercial real estate development and finance practice group, based in Rochester, New York. While at Cadwalader, he was seconded with Credit Suisse real estate finance and securitization group for a four month special project.
Brian JonesManaging Director and Head of Investment Banking
Mr. Jones leads the company’s capital markets, transaction structuring and strategic initiatives. He has more than 17 years of experience advising public and private real estate companies and executing a broad range of complex strategic and capital markets transactions. Mr. Jones has been an advisor in mergers and acquisitions transactions valued at more than $40 billion and has completed more than 70 corporate finance transactions, including IPOs, follow-on equity, preferred stock and unsecured notes offering totaling more than $8 billion. Prior to American Realty Capital, Mr. Jones was a Director in the real estate investment banking group at Robert W. Baird & Co. He previously worked in the real estate investment banking teams at Morgan Stanley & Co., RBC Capital Markets and PaineWebber. Mr. Jones began his career at PricewaterhouseCoopers, where he was a manager in the real estate tax advisory group focused on REIT and partnership tax structuring. He is a Certified Public Accountant, licensed in California, and a member of the CSCPA, ULI and NAREIT. Mr. Jones received a B.S. degree with honors in Agricultural and Managerial Economics from the University of California at Davis and a Masters of Science in Taxation from Golden Gate University.
JASON SLEARManaging Director, Acquisitions/Dispositions
Mr. Slear is integral in originating investment opportunities by building partnerships with corporate tenants, financial institutions, developers and brokers. Jason has the senior responsibility for sourcing, negotiating and closing ARC's real estate acquisitions. In this role Jason interfaces directly with the senior management team. Mr. Slear was formerly East Coast Territory Director for American Financial Realty Trust (AFRT) where he was responsible for the disposition and leasing activity for a portion of AFRT’s 37.3 million square foot portfolio. During his tenure at AFRT, he increased occupancy and portfolio revenue through the sales of more than 100 properties and the leasing of more than 1 million square feet. Jason’s entire career has revolved around commercial real estate, tenant representation, landlord representation, acquisitions, disposition and principal.
James A. MezzanotteDue Diligence Coordinator
Mr. Mezzanotte is responsible for coordinating the firm's due diligence and closing functions. He is also responsible for coordinating the project management and portfolio management processes, reporting directly to Nicholas Schorsch and William Kahane. Prior to joining American Realty Capital, Mr. Mezzanotte was engaged as a consultant by American Financial Realty Trust. In this capacity, he managed process mapping for all departments as they related to the company's leases and tenants. The results were then applied to the preparation of playbooks for the company's three largest tenants. Mr. Mezzanotte previously served as a consultant to Bank of America for a period of three years. His primary responsibility was managing, structuring, negotiating and coordinating a series of sale/leasebacks designed to substantially reduce the Bank's vacancies. He also had oversight of all closing and post closing items including surveys, lease supplements, measured drawings, environmental issues and demising work for over 500 buildings. Mr. Mezzanotte has been engaged in the real estate business for over 20 years as an owner, contractor, developer and consultant. He practiced law for over 20 years, specializing in tax and corporate matters.
Boris korotkinVice President
As Vice President of American Realty Capital, Mr. Korotkin is responsible for structuring and underwriting real estate acquisitions, working with debt lenders and is actively involved in all stages of the investment process. Prior to joining American Realty Capital, Mr. Korotkin served as Vice President – Transaction Structuring and Analysis for American Financial Realty Trust where he led the analysis team that was responsible for underwriting complex and highly structured real estate acquisitions and financing transactions in the United States and Europe. Prior to American Financial Realty Trust, Mr. Korotkin was Controller for Universal Packaging Corp. and Auditor for Ford Motor Credit Company.
MICHAEL REITERVice President
Mr. Reiter serves as Vice President responsible for the financial and real estate analysis of potential acquisitions, taking an active role in all stages of the investment process. Prior to joining American Realty Capital, he was a Director with BTR Capital Group, a private real estate fund sponsored by Studley, Inc. At BTR, Mr. Reiter was involved in originations, financial analysis and underwriting. Prior to BTR, Michael was a Manager in Ernst & Young's Real Estate Advisory Services practice, where he performed various underwriting, due diligence and valuation services for major real estate companies. Previously, he worked in Ernst & Young's Assurance Advisory practice, where he performed financial statement audits for real estate clients. Mr. Reiter is a Certified Public Accountant.
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sTEVE lEATHERS
adam schorschRealty 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.
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