William C. Miller Named President and CEO of Cole Capital®
Also named Executive Vice President, Investment Management for American Realty Capital Properties
PHOENIX, June 12, 2015 /PRNewswire/ -- American Realty Capital Properties, Inc. (NASDAQ: ARCP) ("ARCP" or the "Company") and Cole Capital, ARCP's investment management business, announced today the appointment of William C. Miller
as President and Chief Executive Officer of Cole Capital and Executive
Vice President, Investment Management for ARCP. Mr. Miller reports
directly to Glenn J. Rufrano, ARCP's Chief Executive Officer, and also serves on the Company's senior management team.
"Bill is a proven leader, a
seasoned veteran of the financial services industry and well-suited to
lead Cole Capital," explained Mr. Rufrano. "His demonstrated track
record of success, combined with the knowledge and capabilities of the
senior leadership team at Cole Capital, provides the framework for
building our investment management business. Bill has demonstrated his
passion for Cole and his knowledge of our business, sharing his
excitement and enthusiasm with those around him."
As President and CEO of Cole
Capital, Mr. Miller will provide strategic direction and oversee all
aspects of the management of the non-traded REIT sponsor's distribution
business including external and internal sales, product development, due
diligence, broker-dealer relationship management, securities operations
and capital markets. His appointment follows the resignation of Michael T. Ezzell,
Cole Capital's previous President and CEO, who stepped down for
personal reasons. The Company appreciates Mr. Ezzell's contributions to
Cole Capital during the past six years.
"Cole Capital is one of the
most respected brands in the industry and I am honored to lead the
organization," said Mr. Miller. "I look forward to working with Glenn
and the outstanding team we have in place to grow our business."
Mr. Miller joined Cole
Capital earlier this year as Senior Vice President and Chief Sales
Officer. Previously, he was with American Funds where he served as
Senior Vice President and was responsible for leading business
development, strategy and relationship management efforts for the
wire/regional broker-dealers, as well as the global banking channel. In
addition to his experience at American Funds, Mr. Miller has held REIT
product management positions, as well as sales and wholesale
distribution leadership positions, with Realty Capital Securities, AXA
Equitable Distributors and Lincoln Financial Distributors. In these
roles, his accomplishments include reorganizing and rebuilding
organizations, significantly increasing selling agreements, expanding
distribution networks and generating considerable sales increases, while
successfully leading large teams with diverse responsibilities.
About ARCPARCP is
a leading, full-service real estate operating company with investment
management capability. ARCP owns, acquires, manages, leases and finances
a diversified portfolio of retail, restaurant, office and industrial
real estate assets with a total asset book value of $20.3 billion including approximately 4,650 properties totaling 102 million square feet. Additionally, ARCP manages $6.1 billion of gross real estate investments on behalf of the Cole Capital® non-traded REITs. ARCP is a publicly traded Maryland corporation listed on The NASDAQ Global Select Market. Additional information about ARCP can be found on its website at www.arcpreit.com.
ARCP may disseminate important information regarding it and its
operations, including financial information, through social media
platforms such as Twitter, Facebook and LinkedIn.
About Cole Capital®Cole
Capital is the investment management business of American Realty
Capital Properties, Inc. 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 exceeding $20 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.
Forward Looking Statements Information
set forth herein may contain "forward-looking statements" (as defined
in Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended), which reflect
ARCP's expectations regarding future events. Forward-looking statements
involve a number of assumptions, risks, uncertainties and other factors
that could cause actual results to differ materially from those
contained in the forward-looking statements. Generally, the words
"expects," "anticipates," "targets," "goals," "projects," "intends,"
"plans," "believes," "seeks," "estimates," variations of such words and
similar expressions identify forward-looking statements, and any
statements regarding ARCP's future financial condition, results of
operations and business are also forward-looking
statements. Forward-looking statements are subject to a number of risks,
uncertainties and assumptions, most of which are difficult to predict
and many of which are beyond ARCP's control.
The following factors, among
others, could cause actual results to differ from those set forth in
forward-looking statements: ARCP's ability to build and grow its
investment management business; and the developments disclosed herein.
Additional factors that may affect future results are contained in
ARCP's filings with the U.S. Securities and Exchange Commission (the
"SEC"), which are available at the SEC's website at www.sec.gov.
The forward-looking
statements contained herein reflect ARCP's beliefs, assumptions and
expectations regarding ARCP's future performance, taking into account
all information currently available to it. These beliefs, assumptions
and expectations are subject to risks and uncertainties and can change
as a result of many possible events or factors, not all of which are
known to ARCP. If a change occurs, ARCP's business, financial condition,
liquidity and results of operations may vary materially from those
expressed in its forward-looking statements. ARCP disclaims any
obligation to publicly update or revise any forward-looking statements
to reflect changes in underlying assumptions or factors, new
information, future events or other changes, except as required by law.
SOURCE Cole Capital
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