VEREIT™ Announces New Chief Financial Officer

PHOENIX, Oct. 1, 2015 /PRNewswire/ -- VEREIT, Inc. (NYSE: VER) ("VEREIT" or the "Company") announced today that Michael J. Bartolotta, CPA, has been named Executive Vice President, Chief Financial Officer and Treasurer effective October 5, 2015.

Mr. Bartolotta most recently served as Executive Vice President and CFO for global real estate services firm Cushman & Wakefield. A 35-year veteran of the commercial real estate and financial industries, Mr. Bartolotta has extensive experience in management, business leadership and working with boards of directors, financial institutions and investors, as well as an established track record of success in improving finance, IT and general business operations.

"Having worked closely with Michael Bartolotta at Cushman & Wakefield, I was consistently impressed with his ability to manage the financial operations of a company that was navigating a series of transitions. Mike is a true business leader and I am excited to again have the opportunity to work with him at VEREIT," said Glenn J. Rufrano, Chief Executive Officer of VEREIT. Rufrano noted that outgoing CFO Michael Sodo will assist with the transition, and said, "I also want to thank Mike Sodo for his contributions as he helped return the Company to financial good-standing."

Additionally, Mr. Rufrano announced management re-positioning that aligns with VEREIT's focus on being a full-service real estate operating company. Thomas W. Roberts has been named Executive Vice President and Chief Investment Officer and Paul McDowell will serve as Executive Vice President and Chief Operating Officer for the Company's real estate segment. Messrs. Roberts and McDowell had been serving as VEREIT's Co-Heads of Real Estate.

About the Company

VEREIT is a leading, full-service real estate operating company with investment management capability. VEREIT owns and actively manages a diversified portfolio of retail, restaurant, office and industrial real estate assets with a total asset book value of $19.2 billion including approximately 4,645 properties totaling 101.8 million square feet. Additionally, VEREIT manages $6.3 billion of gross real estate investments on behalf of the Cole Capital^® non-traded REITs. VEREIT is a publicly traded Maryland corporation listed on the New York Stock Exchange. Additional information about VEREIT can be found on its website at www.VEREIT.com. VEREIT may disseminate important information regarding it and its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.

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SOURCE VEREIT, Inc.

Related Links

http://www.VEREIT.com