Nick Schorsch

One of last year's biggest REIT stories resulted in American Realty Capital Properties Inc (NASDAQ: ARCP) Executive Chairman Nick Schorsch and then-new CEO David Kay stepping down amid accounting errors and related cover-ups. Fast forward to Thursday and five weeks into his tenure, new CEO Glenn...

On March 30, Oppenheimer published a research note on $8.9 billion cap net-lease REIT American Realty Capital Properties Inc (NASDAQ: ARCP), shortly after the company's belated report of its Q4 and FY 2014 earnings and conference call presentation. ARCP shares had plummeted in late October 2014, on...

What if shareholders of American Realty Capital Properties Inc (NASDAQ: ARCP) woke up one day to find that ARCP had deleveraged its balance sheet significantly; or had received a $12 per share buy-out offer from net-lease sector stalwart Realty Income Corp (NYSE: O)? Those are two scenarios...

On Monday, American Realty Capital Properties Inc (NASDAQ: ARCP) released a statement and hosted a conference call presentation updating its progress to date regarding the review of its past accounting and other issues surrounding the departure of former Chairman Nick Schorsch late last year....

The agonizing wait for shareholders and registered investment advisors is now over. Nick Schorsch on Tuesday resigned as chairman at RCS Capital Corp (NYSE: RCAP) and New York REIT Inc (NYSE: NYRT). According to Bloomberg, Schorsch has chosen to also resign from 11 affiliates of AR Capital,...

It appears that "winter is coming," again, for battered common shareholders. American Realty Capital Properties Inc (NASDAQ: ARCP)'s corporate suite and boardroom has been in turmoil during the last quarter of 2014. For optimistic investors who were hoping to receive a...

The departure of the architect of American Realty Capital Properties, Inc. (NASDAQ: ARCP)'s "growth at any price" strategy Executive Chairman Nick Schorsch should have been a surprise to absolutely nobody who even remotely follows the REIT sector. However, David S. Kay stepping...

Who knew REITs could be so exciting? Here's what investors need to know in order to appreciate the significance of the lack of one e-mail review. First, a small accounting scandal and related cover-up was announced on October 29 by American Realty Capital Properties Inc (NASDAQ: ARCP),...

On Wednesday, October 29, 2014 American Realty Capital Properties Inc (NASDAQ: ARCP) shareholders had a gut-wrenching day as the stock gapped down at the open and plunged almost 35 percent intraday. The ugly trading and multiple analyst downgrades forced ARCP management to scramble and...

Unfortunately for American Realty Capital Properties Inc (NASDAQ: ARCP) shareholders, the stunning disclosure that greeted them prior to the October 29 opening bell is not just a bad dream. The company broadcasted, "[ARCP] Announces Non-Reliance on Previously Issued Financial Statements...