Spirit Realty Capital, Inc. Adds to Leadership Team

SCOTTSDALE, Ariz., Nov. 02, 2015 (GLOBE NEWSWIRE) -- Spirit Realty Capital, Inc. SRC ("Spirit" or the "Company"), a premier net lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today announced that it has expanded its leadership team and appointed Michelle Greenstreet as Senior Vice President, Chief Human Resources Officer, effective November 16, 2015, reporting to Chairman and CEO, Thomas H. Nolan, Jr.

"I am pleased to have Michelle join our team," stated Thomas H. Nolan, Jr., Chairman and Chief Executive Officer of Spirit Realty Capital. "She brings a wealth of practical human resource experience and will work closely with our current executives as we expand and improve our organization effectiveness, talent management and development programs."

In her capacity, Ms. Greenstreet will primarily focus on internal stakeholder engagement, strategic workforce planning, and organizational culture, utilizing more than 20 years of human resource expertise primarily in the financial services industry. Most recently, Ms. Greenstreet was Senior Director of Human Resources at Sabre, Inc., but has spent the majority of her career at Citigroup as a senior human resource advisor. Ms. Greenstreet received a Bachelor of Administration, Political Science degree from Texas A&M University-Commerce.  

Additional information on Ms. Greenstreet can be found in her bio on the Spirit's website at www.spiritrealty.com. 

Spirit retained Russell Reynolds Associates, a national executive leadership and search firm, for this search.

About Spirit Realty Capital
Spirit Realty Capital, Inc. SRC is a premier net-lease real estate investment trust (REIT) that invests in and manages a portfolio primarily of single-tenant, operationally essential real estate assets throughout the United States.  Single-tenant, operationally essential real estate generally refers to free-standing, commercial real estate facilities where our tenants conduct business activities that are essential to the generation of their sales and profits.  Our properties are frequently acquired through strategic sale-leaseback transactions and are predominantly leased on a long-term, triple-net basis to high-quality tenants.

Founded in 2003, we are an established net-lease REIT with a proven growth strategy and a seasoned management team focused on producing superior risk adjusted returns.  As of September 30, 2015, our undepreciated gross real estate investment portfolio was approximately $8.3 billion, representing investments in 2,634 properties, including 145 properties securing mortgage loans made by the Company. Our properties are leased to approximately 435 tenants who represent 27 diverse industries across 49 states.

More information about Spirit Realty Capital can be found on the investor relations section of the Company's website at www.spiritrealty.com.

Forward-Looking and Cautionary Statements
This press release contains forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward‐looking statements can be identified by the use of words such as "expects," "plans," "estimates," "projects," "intends," "believes," "guidance," and other similar expressions that do not relate to historical matters. These forward‐looking statements are subject to known and unknown risks and uncertainties that can cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, Spirit's continued ability to source new investments, risks associated with using debt to fund Spirit's business activities (including refinancing and interest rate risks, changes in interest rates and/or credit spreads and changes in the real estate markets), unknown liabilities acquired in connection with acquired properties or interests in real‐estate related entities, general risks affecting the real estate industry (including, without limitation, the market value of our properties, the inability to enter into or renew leases at favorable rates, portfolio occupancy varying from our expectations, dependence on tenants' financial condition and operating performance, and competition from other developers, owners and operators of real estate), risks associated with our failure to maintain our status as a real estate investment trust under the Internal Revenue Code of 1986, as amended, and other additional risks discussed in Spirit's most recent filings with the Securities and Exchange Commission, including its Annual Report on Form 10‐K. Spirit expressly disclaims any responsibility to update or revise forward‐looking statements, whether as a result of new information, future events or otherwise, except as required by law.