PHOENIX, Jan. 21, 2015 /PRNewswire/ -- Cole Capital today announced that Terrence J. Mullen has joined the Company as a senior advisor effective immediately. In his role, Mr. Mullen will work with Cole Capital leadership and the Board of Directors of American Realty Capital Properties, Inc. (NASDAQ: ARCP) to enhance the Company's sales and marketing and to strengthen its broker-dealer relationships.
"Terry is a tremendous addition to the Cole Capital team. He is a seasoned professional and his experience managing broker-dealers with large sales forces will provide us with an enhanced perspective of our broker-dealer partners and allow us to better understand their specific needs. We are pleased to have someone of his caliber on board as we work collectively to strengthen our sales, marketing and broker-dealer initiatives," said Michael Ezzell, Chief Executive Officer and President of Cole Capital. "Terry's decision to join us demonstrates confidence in Cole Capital and the long-term prospects for the business. The senior leadership team looks forward to working closely with Terry as we focus on growing the business and building a strong future for Cole Capital."
Mr. Mullen is a 25-year veteran of the financial services industry, having previously held senior leadership positions at Sun Life Financial, AIG SunAmerica and Lincoln Financial Distributors. He is a nationally recognized advisor on developing sales organizations, distribution models and strategic partnerships. Most recently, Mr. Mullen was Senior Vice President of U.S. Group Distribution at Sun Life Financial, responsible for aligning and developing the sales organizations across all employee benefit lines of business in the U.S. Prior to his tenure at Sun Life, he was President and CEO of Lincoln Financial Distributors from 2006-2008, responsible for all aspects of U.S. distribution, including external sales, internal sales, relationship management and marketing.
"I am excited to join Cole Capital, a business with a strong brand and significant potential for long-term growth," said Mr. Mullen. "Cole is already a well-known name in the industry, recognized as a leading sponsor of non-traded REITs, and I look forward to working alongside its team of highly respected, experienced professionals to further that legacy."
"Today's announcement underscores our commitment to the success of Cole Capital and our belief in the strength of the business. Terry's proven track record of increasing sales, expanding distribution networks and deepening industry relationships will enhance Cole Capital and ensure a stronger future for the Company," added William Stanley, Chairman and interim CEO of ARCP.
About Cole Capital
Cole Capital is the private capital management business of American Realty Capital Properties. As an industry leading non-listed REIT sponsor, Cole Capital creates innovative net lease real estate products that serve individual investors and financial professionals. Built on 35 years of experience and real estate acquisitions of more than $14 billion, Cole Capital's net lease strategy seeks to collect rent from industry-leading corporations and provide a stream of income to investors through non-listed REITs. Additional information about Cole Capital and its products can be found on its website at www.colecapital.com.
SOURCE Cole Capital