American Realty Capital Properties Names David S. Kay as President

American Realty Capital Properties

announced today that it has appointed David S. Kay as President.  Mr. Kay will join Nicholas S. Schorsch, Executive Chairman and Chief Executive Officer, Lisa Beeson, Chief Operating Officer, and Brian S. Block, Chief Financial Officer, as part of ARCP's self-managed executive team.     Nicholas S. Schorsch, Chairman and Chief Executive Officer of ARCP, commented, "With the addition of David Kay as President of ARCP, we have successfully completed our self-management initiative.  David brings with him extensive senior management experience that will be invaluable as we work to integrate the CapLease, ARCT IV and Cole assets and work forces.  I also wish to thank Mike Weil for the integral role he has played in building ARCP to its present stature.  Mike will remain a director of the Company." Prior to his appointment, Mr. Kay, served as Chief Investment Officer and Chief Financial Officer of Capital Automotive Real Estate Services, Inc. ("Capital Automotive"), a specialty finance company for automotive retail real estate, whose predecessor, Capital Automotive REIT, Mr. Kay co-founded in October 1997.  As Chief Financial Officer, Mr. Kay directed Capital Automotive's initial public offering in 1998, raising $370