American Realty Capital Bolsters Investment Banking and Capital Markets Team
American Realty Capital (ARC) has added several senior-level additions to its investment banking and capital markets team.
American Realty Capital currently advises $13.5 billion of registered public programs in offering. The company has arranged $1.8 billion of debt capital markets transactions and advised on $11.3 billion of mergers and capital markets activities.
The new hires join a team of approximately 300 professionals and staff members at ARC and its FINRA member broker dealer subsidiary, Realty Capital Securities. Both firms experienced significant growth in 2012, attracting senior talent from top legal, investment banking, sales and capital markets disciplines.
Soon to join the ARC companies are Jonathan Mehlman, Executive Vice President and Managing Director – Advisory and Capital Markets, Imran Ahmed, Executive Vice President and Managing Director, and, joining ARC in November 2012, Firman Leung, Executive Vice President and Managing Director.
Mr. Mehlman comes to ARC from KPMG Corporate Finance, where he was Co-Head of the Real Estate, Lodging and Gaming practice. Previously, he held similar positions with HSBC, Citigroup Global Markets and Deutsche Bank Securities.
Mr. Ahmed also joins ARC from KPMG Corporate Finance, where he was Co-Head of the Real Estate, Lodging and Gaming practice. Prior to KPMG, Mr. Ahmed was a Founding Partner and Chief Operating Officer of Ranieri Real Estate Partners LP. He was previously a Managing Director in Real Estate, Gaming and Lodging Investment Banking and Finance groups at Deutsche Bank Securities.
Mr. Leung joined ARC from Sandler O’Neill where he was a Managing Director responsible for the structuring, marketing and pricing for all equity and debt raising initiatives in both the public and private markets. Prior to Sandler, Mr. Leung served as the International Equity Syndicate manager for Salomon Smith Barney and was responsible for raising equity capital for all non-U.S. issuers in over 30 countries.
The ARC investment-banking group was formed in 2010 to provide comprehensive strategic, investment banking and capital markets advice to real estate and other alternative investment enterprises. The department also includes Senior Vice Presidents Andrew Winer, Head of Debt Capital Markets, and Michael Reiter, Senior Vice President in Investment Banking.
Mr. Winer joined ARC in 2011 from Credit Suisse where he enjoyed a 17-year career, most recently overseeing the pricing, hedging and execution of commercial securitized real estate debt.
Mr. Reiter joined ARC in early 2007. Prior to that, Michael was a Director with BTR Capital Group, a private equity real estate fund sponsored by Studley.
Mr. Reiter was previously in the real estate group at Ernst & Young, where he focused on REIT and real estate private equity and M&A transaction underwriting, due diligence and valuation services.
A seasoned research team augments the firm’s investment-banking capability. Chris Pike is currently the director of investment research at American Realty Capital. His responsibilities include equity and property research on the non-listed REITs and publicly listed REITs. He joined ARC in August 2011. Previously Mr. Pike was an equity research analyst at Merrill Lynch, UBS, and Wachovia. Additionally, he was a member of the real estate investment banking team at Goldman Sachs, focused on the origination and distribution of CMBS securities.
Alan Calderon, Co-Head of Due Diligence, has responsibilities that include performing due diligence on the firm’s registered offerings. Prior to assuming his current role in June 2011, Mr. Calderon was the Director of Investment Research at American Realty Capital where his responsibilities included writing in-depth research reports and performing financial analysis on all of the non-traded REIT offerings currently effective. In addition, he performed financial analysis on the closed non-traded REIT programs. Prior to joining American Realty Capital, Mr. Calderon conducted equity research on the publicly traded REITs since 2000, including three years on the #2 ranked Institutional Investor Morgan Stanley sell-side equity research team, specializing in the retail REITs.
The investment-banking department also recently added Ryan Tooley, as an Assistant General Counsel. Prior to joining ARC in May 2012, Mr. Tooley was an associate in the Corporate & Securities practice at Dechert LLP in New York, where he represented public and private companies, financial institutions, private equity funds, and hedge funds in financings, mergers and acquisitions, compliance, and a full range of general corporate matters. He previously worked at Ropes & Gray LLP in Boston and New York.
Also working closely with the investment-banking team will be Nick Radesca, who recently joined American Realty Capital as Senior Vice President & Chief Accounting Officer. Nick came from Solar Senior Capital Ltd. most recently where he served as the chief financial officer of publicly traded business development companies. Mr. Radesca was also the chief accounting officer at iStar Financial Inc., a publicly traded, diversified commercial real estate investment trust, where his responsibilities encompassed all aspects of accounting, tax, and SEC reporting. Mr. Radesca has previously held senior accounting and financial reporting roles at Fannie Mae, Del Monte Foods Company, Providian Financial and Bank of America.