NEW YORK, Sept. 27, 2013 /PRNewswire/ -- AR Capital,
LLC ("ARC") announced today that, following the close of American
Realty Capital Properties, Inc.'s previously announced acquisition
of CapLease, Inc. (NYSE: LSE) ("CapLease"), ARC's subsidiary, ARC
Advisory Services, LLC, will hire five CapLease senior executives:
Paul McDowell; Shawn Seale; Robert
Blanz; Paul Hughes; and
Bill Pollert. These senior
executives bring a total of nearly 100 years of combined net lease
real estate experience to ARC's advisory business, highlighted by
an in-depth knowledge of the office and industrial sectors.
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Mr. McDowell will become President – Office & Industrial
Group. He will be joined by Mr. Blanz, who will serve as
Senior Vice President and Head of Acquisitions – Office &
Industrial Group. Messrs. Seale and Pollert will become
Senior Vice Presidents and Mr. Hughes joins ARC as Assistant
General Counsel.
Nicholas S. Schorsch, Chairman
and Chief Executive Officer of ARC, commented, "We could not be
more pleased to add Paul McDowell,
Shawn Seale, Robert Blanz, Paul
Hughes and Bill Pollert to
our advisory platform. Each of these gentlemen adds to the
depth, breadth and strength of our real estate team, importantly
augmenting our office and industrial experience. These hires will
add versatility and specialized knowledge to our industry leading
real estate asset management business."
About ARC
Founded in 2006, ARC is a full-service investment management
firm providing advisory services to retail and institutional
investors. ARC is an active sponsor and manager of public and
private real estate investments, a business development company and
other investment products. Collectively, ARC's senior team of
seasoned professionals has acquired and managed over $10 billion of real estate, as well as
$5 billion of corporate
sale-leasebacks and net leased properties. For more information,
visit www.americanrealtycap.com.
SOURCE AR Capital, LLC