Realty Capital Securities Announces Record Capital Raised in First Quarter
2013 and Investment Banking Operating Milestones
More Than $2.5 Billion Raised During First Quarter 2013 Sets Direct Investment
NEW YORK, April 4, 2013
NEW YORK, April 4, 2013 /PRNewswire/ --Realty Capital Securities, a FINRA
member firm and the largest wholesale broker dealer serving the direct
investment industry ("RCS" or the "Company"), announced today several
milestones for Q1 2013, including record direct investment equity raised in a
single quarter. For the three months ended March 31, 2013, RCS raised
approximately $2.5 billion in equity for its platform of direct investment
programs, a record for any wholesale broker dealer in a single quarter. In
March alone RCS raised approximately $1.5 billion of equity, nearly exceeding
the prior record month for the entire industry of $1.6 billion, set in May
2007, according to industry expert Robert A. Stanger & Co.
(Logo: http://photos.prnewswire.com/prnh/20130404/NY89181LOGO )
"We are extremely proud of our securities sales teams composed of
approximately 150 associates and more than 300 third party selling group
members, as well as the nearly 10,000 third party financial planners and
registered investment advisors for their record sales effort in the first
quarter," commented Michael Weil, CEO of RCS, on the record-breaking equity
raising performance. "Our success reflects the vital importance of what we
believe are our industry best practices, strong financial advisor and investor
appetite for durable income from our best-in-class platform, and our
unrelenting commitment to serving our retail investor base."
RCS's investment banking division, RCS Capital, also enjoyed record
performance in Q1 2013:
oM&A Leadership: RCS Capital leads the U.S. REIT industry in mergers and
acquisitions for 2013 year to date based on deals closed, according to SNL
oAdvised on the previously announced $3.0 billion merger between
American Realty Capital Properties, Inc. and American Realty Capital
Trust III, Inc. on February 28, 2013.
oAdvised on the previously announced $3.0 billion merger of American
Realty Capital Trust, Inc. with Realty Income Corp. on January 22,
oFinancial Advisory: RCS Capital was engaged during the first quarter by
two unaffiliated companies to act as financial advisor in evaluating
strategic alternatives in transactions valued at more than $1 billion.
oUnderwritten Public Offerings: RCS Capital co-managed underwritten public
offerings of common stock totaling nearly $30 million.
oCapital Markets: RCS Capital continued the substantial pace of capital
markets activities set in 2012, where we advised on more than $1.8 billion
of debt capital commitments. In Q1, RCS Capital advised on more than $1.4
billion of debt commitments, including $1.35 billion of unsecured debt.
Brian Jones, President of Investment Banking at RCS Capital, commented, "We
continue to expand our investment banking and capital markets activities in
order to meet the growing requirements of our affiliated product platform as
well as increased demands for our specialized services from third party
companies in our industry segment. Our focus remains on the retail investor
and unlocking shareholder value on an optimum risk-adjusted basis."
Realty Capital Securities, LLC was founded by Nicholas S. Schorsch, William M.
Kahane and Michael Weil in February 2008. RCS is led by Michael Weil,
Chairman and Chief Executive Officer, Louisa Quarto, President, Alex
MacGillvray, Executive Vice President and National Sales Manager, and Richard
Arnitz, Executive Director. RCS is the dealer manager for various non-traded
REITs and business development corporations offered by American Realty
Capital, as well as other non-traded REITS offered by other sponsors.
SOURCE Realty Capital Securities, LLC
Contact: Anthony J. DeFazio, Diccicco Battista Communications,
email@example.com, 484-342-3600; or Michael Weil, CEO, Realty Capital
Securities, LLC, firstname.lastname@example.org, 212-415-6500
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