American Realty Capital Continues Expansion of Executive Team with Appointment of In-House Counsel.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- American Realty Capital announced the appointment of Jesse Galloway as its Assistant General Counsel. Mr. Galloway will advise ARC's senior management team on real estate related legal issues. He will work closely with the Company's outside legal counsel in representing ARC in its commercial real estate and financial transactions, including legal activities related to American Realty Capital Trust, the non-traded, public REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). which ARC advises, ARC's financing programs, including the private placement of notes, and American Realty Capital's Growth Fund, which purchases and repositions vacant bank branches. "We are delighted to welcome Jesse to American Realty Capital," said Nicholas S. Schorsch, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Realty Capital. "His strong real estate and financing background will continue to broaden the depth of our platform and should prove advantageous in augmenting our transactional capabilities." Mr. Galloway brings extensive financial and commercial real estate experience to American Realty Capital. Most recently, while at the law firm of Cadwalader Wickersham & Taft, LLP LLP - Lower Layer Protocol , he represented investment banks, major financial institutions and commercial banks in commercial real estate finance transactions. Jesse began his career at Harris Beach, LLP, a full service law firm based in Rochester, New York This article is about the city of Rochester in Monroe County. For the town in Ulster County, see Rochester, Ulster County, New York. Rochester, once known as The Flour City, and more recently as The Flower City or , where he specialized in commercial real estate development and financial matters. After 5 years with Harris Beach, he transitioned to Credit Suisse's real estate finance and securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. group. Mr. Galloway earned a Bachelor of Arts from John Carroll University The university is organized into three schools including two undergraduate colleges: the College of Arts and Sciences and the Boler School of Business, and one graduate school, each defining its own academic programs under the auspices of the Academic Vice President. and his law degree from the University of Richmond. Jesse was an intern for the U.S. District Court for the Western District of New York as well as the United States House of Representatives. About American Realty Capital: American Realty Capital was formed by Nicholas S. Schorsch and William M. Kahane. As CEO and board member, respectively, the two were behind the growth of American Financial Realty Trust, where they acquired over 1,500 properties valued at more than $5 billion. In the last five years, ARC's executive team has collectively negotiated and closed on over $7 billion of bank branch and net leased real estate. For more information, visit www.americanrealtycap.com. This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. |
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