BOSTON, June 4, 2012 /PRNewswire/ -- Realty Capital Securities, LLC ("RCS"), American Realty Capital's FINRA member broker dealer subsidiary, announced today that year-to-date through May 31, 2012, it had raised $1 billion in equity proceeds across the nine real estate and business development company investment programs it currently distributes.
"We are thrilled that the distinct strategies pursued by each of the companies for which we currently serve as distributor resonate with both financial advisors and their clients," commented Michael Weil, Chief Executive Officer of RCS. "Our intent in building the RCS platform has always been to deliver complimentary, sector-specific, publicly registered, non-traded investment choices. This focus and resolute commitment to a set of industry best practices which serve to align shareholder and management interests underscore our long-term commitment to being a leader in the financial services community."
About Realty Capital Securities
Realty Capital Securities, LLC was founded by Nicholas S. Schorsch, William M. Kahane and Michael Weil in February 2008. RCS is led by Michael Weil, Chairman and Chief Executive Officer, Louisa Quarto, President, Alex MacGillvray, Executive Vice President and National Sales Manager, and Richard Arnitz, Executive Director. RCS is the managing broker-dealer for various non-traded REITs and business development corporations offered by American Realty Capital, as well as other non-traded REITs offered by other sponsors.
SOURCE Realty Capital Securities, LLC