- About three days after the closing of its acquisition of American Realty Capital Trust IV, American Realty Capital (ARCP) will terminate its existing management agreement with ARC Properties Advisors and become self-managed. ARCP will continue to use certain services of the external manager through the completion of the Cole Real Estate purchase.
- The company will continue to be led by CEO Nicholas Schorsch and CFO Brian Block.
- Press release
American Realty to become self-managed by Jan. 8
Dec 30 2013, 09:38 ET