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Chief Investment Officer, American Realty Capital New York Recovery REIT
Mr. Happel has over 20 years of experience investing in real estate including acquisitions of office, retail, multifamily, industrial and hotel properties as well as acquisitions of real estate companies and real estate debt. From 1988-2002, he worked at Morgan Stanley & Co., specializing in real estate and becoming co-head of acquisitions for the Morgan Stanley Real Estate Funds, or MSREF, in 1994. While at MSREF, he was involved in acquiring over $10 billion of real estate and related assets in MSREF I and MSREF II. As stated in a report prepared by Wurts & Associates for the Fresno County Employees’ Retirement Association for the period ending September 30, 2008, MSREF I generated approximately a 48% gross IRR for investors and MSREF II generated approximately a 27% gross IRR for investors. In 2002, Mr. Happel left Morgan Stanley & Co. to join Westbrook Partners, a large real estate private equity firm with over $5 billion of real estate assets under management at the time. In 2004, he joined Atticus Capital, a multi-billion dollar hedge fund, as the head of real estate with responsibility for investing primarily in REITs and other publicly traded real estate securities.
Chief Investment Officer, American Realty Capital Healthcare Trust
Mr. Jensen currently serves as Chief Investment Officer of ARC-Healthcare Trust. He has been in the real estate industry for 20 years, specializing primarily in healthcare properties. Most recently he helped build the healthcare real estate development and acquisition business at DASCO, a national leader in the development, financing, leasing and management of medical office buildings and outpatient facilities. There he established relationships with hospitals and health systems representing $300 million in potential development. Prior to that, Mr. Jensen was a Healthcare Partner at Lauth Property Group, where he led and managed the national Healthcare Group with complete financial responsibility for the business. He grew the business from start-up to the 8th largest medical development business in the nation with more than $150 million of annual sales. Mr. Jensen established six regional offices and recruited, developed and led a staff of 42 professionals. At the Hammes Company, a recognized leader in the health care industry, he was a partner and established the Mid-Atlantic office. He also initiated and managed relationships with senior management of client organizations and investment/capital partners.
Mr. Galloway, now General Counsel for American Realty Capital, comes to the firm from Cadwalader Wickersham & Taft, LLP, where he represented investment banks, major financial institutions and commercial banks in commercial real estate finance transactions. Mr. Galloway received his BA from John Carroll University and his law degree from the University of Richmond. He began his career at Harris Beach, LLP, in the commercial real estate development and finance practice group, based in Rochester, New York. While at Cadwalader, he was seconded with Credit Suisse real estate finance and securitization group for a four month special project.
Chief Securities Counsel - Deputy General Counsel
Mr. Tanaka, now Chief Securities Counsel — Deputy General Counsel for American Realty Capital, works as securities and corporate counsel focusing on real estate securities matters involving publicly-offered traded and non-traded REIT's, general capital markets concerns, corporate governance, compliance, and SEC and blue sky regulations. He joined the company in January 2011 as Assistant General Counsel and was most recently employed by Proskauer Rose LLP as a corporate associate in real estate capital markets group, capital markets group, and Latin American practice group. He focused on capital markets, structured finance, debt restructuring, bank finance, project and lease finance, corporate securities and governance, and mergers and acquisitions. Prior to that position, he worked on the global capital markets desk at Morgan Stanley in London, UK, and with Mayer, Brown, Row & Maw LLP. He attended Columbia College of Columbia University receiving a Bachelor of Arts in history and political science, recived a Master of Arts from The University of Chicago focusing on international relations with a specialization in human rights and international law, and received his Juris Doctor from Northwestern University School of Law with a concentration in international law in 2002.
Managing Director, Acquisitions/Dispositions
Mr. Slear is integral in originating investment opportunities by building partnerships with corporate tenants, financial institutions, developers and brokers. Jason has the senior responsibility for sourcing, negotiating and closing ARC's real estate acquisitions. In this role Jason interfaces directly with the senior management team. Mr. Slear was formerly East Coast Territory Director for American Financial Realty Trust (AFRT) where he was responsible for the disposition and leasing activity for a portion of AFRT’s 37.3 million square foot portfolio. During his tenure at AFRT, he increased occupancy and portfolio revenue through the sales of more than 100 properties and the leasing of more than 1 million square feet. Jason’s entire career has revolved around commercial real estate, tenant representation, landlord representation, acquisitions, disposition and principal.
Mr. O’Malley is the managing director of NY Metro acquisitions. Prior to joining American Realty Capital, Mr. O’Malley worked in real estate acquisitions and structured finance for a high net worth family office. He has also held positions as the managing director in the real estate investment banking division at UGL Services and as a managing director of capital markets for DTZ Rockwood. Prior to Mr. O’Malley’s involvement in real estate, he worked on Wall Street as a derivatives analyst and an equity trader at Salomon Smith Barney, and Hold Brothers respectively. During that time, he acquired the following financial licenses: Series 3 (commodities), Series 4 (derivatives), Series 7 (general securities), Series 24 (regulatory compliance), Series 55 (equity trading) and Series 63 (state law and regulations). Additionally, Mr. O'Malley spent two years in the United States Peace Corps in Mali, West Africa as a small business development volunteer upon graduating from Manhattan College.
Due Diligence Coordinator
Mr. Mezzanotte is responsible for coordinating the firm's due diligence and closing functions. He is also responsible for coordinating the project management and portfolio management processes, reporting directly to Nicholas Schorsch and William Kahane. Prior to joining American Realty Capital, Mr. Mezzanotte was engaged as a consultant by American Financial Realty Trust. In this capacity, he managed process mapping for all departments as they related to the company's leases and tenants. The results were then applied to the preparation of playbooks for the company's three largest tenants. Mr. Mezzanotte previously served as a consultant to Bank of America for a period of three years. His primary responsibility was managing, structuring, negotiating and coordinating a series of sale/leasebacks designed to substantially reduce the Bank's vacancies. He also had oversight of all closing and post closing items including surveys, lease supplements, measured drawings, environmental issues and demising work for over 500 buildings. Mr. Mezzanotte has been engaged in the real estate business for over 20 years as an owner, contractor, developer and consultant. He practiced law for over 20 years, specializing in tax and corporate matters.
Senior Vice President
Mr. Reiter serves as Vice President responsible for the financial and real estate analysis of potential acquisitions, taking an active role in all stages of the investment process. Prior to joining American Realty Capital, he was a Director with BTR Capital Group, a private real estate fund sponsored by Studley, Inc. At BTR, Mr. Reiter was involved in originations, financial analysis and underwriting. Prior to BTR, Michael was a Manager in Ernst & Young's Real Estate Advisory Services practice, where he performed various underwriting, due diligence and valuation services for major real estate companies. Previously, he worked in Ernst & Young's Assurance Advisory practice, where he performed financial statement audits for real estate clients. Mr. Reiter is a Certified Public Accountant.
Senior Vice President
As Senior Vice President of American Realty Capital, Mr. Korotkin is responsible for structuring and underwriting real estate acquisitions, working with debt lenders and is actively involved in all stages of the investment process. Prior to joining American Realty Capital, Mr. Korotkin served as Vice President – Transaction Structuring and Analysis for American Financial Realty Trust where he led the analysis team that was responsible for underwriting complex and highly structured real estate acquisitions and financing transactions in the United States and Europe. Prior to American Financial Realty Trust, Mr. Korotkin was Controller for Universal Packaging Corp. and Auditor for Ford Motor Credit Company.
Mr. Schorsch analyzes the financial viability of potential acquisitions and is responsible for closing purchases and sales with a focus on the New York City real estate market. Before joining the acquisitions team, Mr. Schorsch directed American Realty Capital’s marketing activities, including market research, sales material design and web development. Prior to joining American Realty Capital, Mr. Schorsch worked as an IT and China market consultant for the International Metals and Chemicals Group. Mr. Schorsch holds a degree in Business Management and Mandarin Chinese from Franklin & Marshall College.
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