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Home > American Realty Capital > Team

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Team


Peter M. Budko

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.

Michael Weil

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.

Brian S. Block

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.

MICHAEL HAPPEL

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 jensen

Chief 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 Galloway

General 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 Jones

Managing 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 SLEAR

Managing 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. Mezzanotte

Due 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 korotkin

Vice 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 REITER

Vice 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.

carrington guy

Assistant Vice President

Mr. Guy serves as Assistant Vice President of American Realty Capital. His responsibilities include originating, modeling and evaluating potential acquisitions. Prior to joining American Realty Capital, Mr. Guy was a Director with WestRidge Realty Advisors, a boutique real estate investment management firm that specialized in investing institutional capital in grocery-anchored shopping centers. While at WestRidge, Mr. Guy was part of a team that completed over $400 million of shopping center transactions. Mr. Guy was involved in all aspects of the acquisitions process including sourcing, underwriting and due diligence. Prior to WestRidge, Mr. Guy was Marketing Manager for CheckSpring Bank, a de novo community bank serving under-banked markets. Mr. Guy has a BA in History from the University of Virginia and MBA with a Finance major from NYU Stern School of Business.


sTEVE lEATHERS

Assistant Vice President

Mr. Leathers currently serves as Vice President of Acquisitions for American Realty Capital Healthcare Trust. Mr. Leathers served as a senior member of the real estate investment management platform for Grubb & Ellis Realty Investors, specializing in healthcare. He primarily directed and structured loan modifications, property valuations, leasing/asset strategies for approximately 10.5 million square feet of office and medical office properties located within the Midwest and East Coast. Prior to Grubb & Ellis Equity Advisors, Mr. Leathers was an Associate Vice President of Acquisitions at the firm’s predecessor company, Triple Net Properties, where he was responsible for sourcing new acquisitions and debt capital sources. In these various roles, Mr. Leathers sourced six medical office and healthcare properties totaling over 800,000 square feet, one of which was sourced and acquired by Health Trust of America.



adam schorsch

Associate

Mr. Schorsch analyzes the financial viability of potential acquisitions and is responsible for closing purchases and sales with a focus on the New York City real estate market. Before joining the acquisitions team, Mr. Schorsch directed American Realty Capital’s marketing activities, including market research, sales material design and web development. Prior to joining American Realty Capital, Mr. Schorsch worked as an IT and China market consultant for the International Metals and Chemicals Group. Mr. Schorsch holds a degree in Business Management and Mandarin Chinese from Franklin & Marshall College.