Welcome!

News Feed Item

American Realty Capital Continues to Build its Debt Capital Markets and Corporate Finance Team With Recent Hires

NEW YORK, Jan. 18, 2013 /PRNewswire/ -- American Realty Capital ("ARC" or the "Company") today announced two senior management hires for its debt capital markets and corporate finance team, Donald MacKinnon and Nicholas Radesca.  Messrs. MacKinnon and Radesca will join Peter M. Budko, Andrew Winer and Boris Korotkin, further augmenting ARC's bench of corporate finance professionals. The senior members of ARC's finance team have over 90 years of collective experience in the debt markets and join ARC's principals who have extensive backgrounds in credit underwriting in connection with the acquisition and management of real estate. 

(Logo: http://photos.prnewswire.com/prnh/20120517/NY09862LOGO

In 2012, ARC's debt capital markets group arranged $1.8 billion of debt financing in connection with ARC's publicly traded and non-traded public direct investment programs.  Already in January, this corporate finance team has arranged $850.0 million of debt financing in connection with the announced merger of American Realty Capital Properties, Inc. (NASDAQ: "ARCP") and American Realty Capital Trust III, Inc. 

Mr. MacKinnon brings to the Company over 20 years of experience.  He served as a Portfolio Manager of high yield credit sensitive commercial real estate debt products for a real estate advisory company and as a Managing Director at Nomura Securities International.  There, he managed Nomura's North American Structured Credit Trading and Asset Finance businesses with an emphasis on commercial real estate and asset backed securities. Mr. MacKinnon also was the CEO and President of REALM, Inc. and a Co-Founder of the Commercial Mortgage Group and Manager of the European Asset Securitization Group at Donaldson, Lufkin & Jenrette.

Mr. Radesca, who recently joined ARC as a Senior Vice President and Chief Accounting Officer, also brings 20 years of experience in accounting and financial reporting, largely in connection with debt products. Mr. Radesca joined ARC in December 2012 from Solar Capital Ltd. and Solar Senior Capital Ltd., where he served as the Chief Financial Officer and Corporate Secretary of both of these publicly traded business development companies specializing in corporate lending.  Prior to Solar Capital, Mr. Radesca was the Chief Accounting Officer at iStar Financial Inc., a publicly traded real estate investment trust that specializes in commercial real estate lending and corporate net lease financing.  Mr. Radesca's financial services experience also includes senior accounting and financial reporting roles at Fannie Mae, Providian Financial and Bank of America Mortgage.

"Just as we've recently expanded our investment banking capabilities, these two hires strengthen a complementary dimension of our business, allowing us to optimize the capitalization of an asset or an enterprise with equal facility using equity and debt," added Nicholas S. Schorsch, Chairman of ARC.  Mr. Schorsch continued, "Don MacKinnon and Nick Radesca will be instrumental in moving this aspect of our business forward." 

The debt capital markets and corporate finance team are fully supported by ARC's investment banking, legal, accounting and operations departments.  All of these groups work in unison to maximize shareholder value, align interests between stakeholders and management, and improve transparency.

About ARC

ARC is a full-service real estate advisory firm founded in 2006 that sponsors real estate investment programs and provides 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 solutions. Collectively, ARC's senior team of seasoned professionals has acquired and managed over $10.0 billion of real estate, as well as $5.0 billion of corporate sale-leasebacks as of 2012.

SOURCE American Realty Capital

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device. For more information, please visit https://www.mangoapps.com/.
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, will explore the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences betwee...
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...