American Realty Capital Properties Announces Appointment of Mark S. Ordan as Additional Independent Director

PHOENIX, June 17, 2015 /PRNewswire/ -- American Realty Capital Properties, Inc. (NASDAQ: ARCP) ("ARCP" or the "Company") announced the appointment of Mark S. Ordan as an Independent Director and a member of the Audit Committee and the Nominating and Corporate Governance Committee of the Company's Board of Directors (the "Board") effective today.

"I am very pleased to have Mark join the Board of Directors, establishing a diverse and experienced reconstituted Board," said Glenn J. Rufrano, Chief Executive Officer of ARCP. "His knowledge of the real estate and retail industries, coupled with his impressive track record of leading and managing highly complex workouts and restructurings of public companies, will be a tremendous asset to our Board. This appointment demonstrates the success of our efforts in building credibility through proper corporate governance by adding strong board members with appropriate backgrounds and core competencies."

Mr. Ordan currently serves as Executive Chairman of WP Glimcher, the surviving entity following the closing of Washington Prime Group's acquisition of Glimcher, and will transition to Non-Executive Chairman effective January 1, 2016. WP Glimcher is a retail real estate investment trust ("REIT") and a recognized leader in the ownership, management, acquisition and development of mixed use, open-air and enclosed regional malls as well as community centers. Additionally, Mr. Ordan has been CEO and held various senior-level positions during his 30-year career including leadership positions at Sunrise Senior Living, The Mills Corporation, Balducci's gourmet food store chain and Fresh Fields Markets. Mr. Ordan currently serves on the boards of the following nonprofit organizations: the U.S. Chamber of Commerce; the National Endowment for Democracy; the Seed School Foundation; and the Economic Club of Washington, D.C. He received his undergraduate degree from Vassar College and his MBA from Harvard University.

Korn Ferry assisted with the search and placement for Mr. Ordan's position on the Board.

About the Company
ARCP is a leading, full-service real estate operating company with investment management capability. ARCP owns, acquires, manages, leases and finances a diversified portfolio of retail, restaurant, office and industrial real estate assets with a total asset book value of $20.3 billion including approximately 4,650 properties totaling 102 million square feet. Additionally, ARCP manages $6.1 billion of gross real estate investments on behalf of the Cole Capital® non-traded REITs. ARCP is a publicly traded Maryland corporation listed on The NASDAQ Global Select Market. Additional information about ARCP can be found on its website at www.arcpreit.com. ARCP may disseminate important information regarding it and its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.

Forward Looking Statements
Information set forth herein may contain "forward-looking statements" (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), which reflect ARCP's expectations regarding future events.  Forward-looking statements involve a number of assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those contained in the forward-looking statements. Generally, the words "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions identify forward-looking statements, and any statements regarding ARCP's future financial condition, results of operations and business are also forward-looking statements.  Forward-looking statements are subject to a number of risks, uncertainties and assumptions, most of which are difficult to predict and many of which are beyond ARCP's control.

The following factors, among others, could cause actual results to differ from those set forth in forward-looking statements: ARCP's ability to realize success from the reconstitution of the Board; and the developments disclosed herein. Additional factors that may affect future results are contained in ARCP's filings with the U.S. Securities and Exchange Commission (the "SEC"), which are available at the SEC's website at www.sec.gov.

The forward-looking statements contained herein reflect ARCP's beliefs, assumptions and expectations regarding ARCP's future performance, taking into account all information currently available to it. These beliefs, assumptions and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to ARCP. If a change occurs, ARCP's business, financial condition, liquidity and results of operations may vary materially from those expressed in its forward-looking statements. ARCP disclaims any obligation to publicly update or revise any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes, except as required by law.

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SOURCE American Realty Capital Properties, Inc.

Related Links

http://www.arcpreit.com