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
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data professionals...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, gave users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion with b...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...