- A check of other Nick Schorsch companies in wake of the accounting scandal at American Realty Capital (now off 32.5%), finds RCS Capital (RCAP -16.5%) also plunging. RCS recently agreed to purchase Cole Capital from American Realty for at least $700M.
- New York REIT (NYRT -4%) - which is currently on the block - is touched, as is American Realty Capital Healthcare Trust (HCT -1.2%), which is under agreement to be sold to Ventas (VTR +0.3%) in a cash and stock deal.
- Previously: American Realty Capital down more than 30% as downgrades roll in
- Previously: Accounting issues at American Realty Capital; heads roll