NEW YORK, June 13, 2012 /PRNewswire/ -- American Realty Capital ("ARC") has engaged the due diligence services of Duff & Phelps, a leading independent financial advisory and investment banking firm. This reinforces ARC's demonstrated commitment to transparency and allows current and prospective selling group members to benefit from Duff & Phelps' team of more than 1,000, experienced and knowledgeable due diligence professionals working in more than 30 offices around the world.
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This engagement supports American Realty Capital's commitment to shareholder best practices while underscoring the technical and investigative expertise that Duff & Phelps brings to the non-traded REIT sector. ARC's best practices include:
- Ongoing portfolio scrutiny to determine whether management is acting consistently with the announced investment strategy;
- Transparency that enables shareholders to make the most informed investment decisions possible; and
- Alignment of management and shareholder interests
The inclusion of Duff & Phelps' Independent Broker Dealer Due Diligence team to the third-party review of companies distributed by Realty Capital Securities, LLC, ARC's FINRA-member broker dealer subsidiary, adds to the following already impressive roster of ARC due diligence firms:
- Buttonwood Investment Services, LLC
- FactRight, LLC
- Mick & Associates, P.C., LLO
- Point Loma Investment Management, Inc.
- SLM Consulting
- Snyder Kearney, LLC
"We are pleased to expand the group of firms conducting independent reviews of our company and offerings. Duff & Phelps brings an enduring reputation for independence and a full suite of capabilities, including operational and financial performance benchmarking, investigations, asset verification, and alternative asset advisory services to the direct investment industry at a time when expanded and differentiated reviews of companies' structure, performance and management teams are critical," said Nicholas S. Schorsch, chief executive officer of American Realty Capital.
About American Realty Capital
American Realty Capital is a full-service investment management firm providing advisory services to retail and institutional investors. ARC is one of the most active sponsors and managers of public and private real estate investments, including multiple REITs, a business development company and other investment solutions. ARC was formed by Nicholas S. Schorsch and William M. Kahane with the vision of building the firm into the nation's preeminent operator and distributor for best-in-class, non-competing, non-correlated offerings. With the departure of Mr. Kahane in early 2012 to run ARC's publicly listed flagship REIT, American Realty Capital Trust, Inc. (Nasdaq: ARCT), Michael Weil was appointed to continue fulfilling this vision. Both Mr. Schorsch and Mr. Weil have extensive backgrounds in real estate and capital markets with expertise in transaction structure, capital raising and formation. Collectively, ARC's executive team has acquired and managed over $10 billion of real estate since 2001.
About Duff & Phelps
A leading global financial advisory and investment banking firm, Duff & Phelps balances analytical skills, deep market insight and independence to help clients make sound decisions. The firm provides expertise in the areas of valuation, transactions, financial restructuring, alternative assets, disputes and taxation. With more than 1,000 employees, Duff & Phelps serves clients from offices in North America, Europe and Asia.
SOURCE AR Capital, LLC
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