AR Capital to Hire Five CapLease Executives Following Close of CapLease Merger

AR Capital to Hire Five CapLease Executives Following Close of CapLease Merger

Paul McDowell, Shawn Seale, Robert Blanz, Paul Hughes and Bill Pollert will
Bolster ARC Advisory Services' Office and Industrial Expertise

PR Newswire

NEW YORK, Sept. 27, 2013

NEW YORK, Sept. 27, 2013 /PRNewswire/ --AR Capital, LLC ("ARC") announced
today that, following the close of American Realty Capital Properties, Inc.'s
previously announced acquisition of CapLease, Inc. (NYSE: LSE) ("CapLease"),
ARC's subsidiary, ARC Advisory Services, LLC, will hire five CapLease senior
executives: Paul McDowell; Shawn Seale; Robert Blanz; Paul Hughes; and Bill
Pollert. These senior executives bring a total of nearly 100 years of combined
net lease real estate experience to ARC's advisory business, highlighted by an
in-depth knowledge of the office and industrial sectors.

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Mr. McDowell will become President – Office & Industrial Group. He will be
joined by Mr. Blanz, who will serve as Senior Vice President and Head of
Acquisitions – Office & Industrial Group. Messrs. Seale and Pollert will
become Senior Vice Presidents and Mr. Hughes joins ARC as Assistant General
Counsel.

Nicholas S. Schorsch, Chairman and Chief Executive Officer of ARC, commented,
"We could not be more pleased to add Paul McDowell, Shawn Seale, Robert Blanz,
Paul Hughes and Bill Pollert to our advisory platform. Each of these
gentlemen adds to the depth, breadth and strength of our real estate team,
importantly augmenting our office and industrial experience. These hires will
add versatility and specialized knowledge to our industry leading real estate
asset management business."

About ARC

Founded in 2006, ARC is a full-service investment management firm providing
advisory services to retail and institutional investors. ARC is an active
sponsor and manager of public and private real estate investments, a business
development company and other investment products. Collectively, ARC's senior
team of seasoned professionals has acquired and managed over $10 billion of
real estate, as well as $5 billion of corporate sale-leasebacks and net leased
properties. For more information, visit www.americanrealtycap.com.

SOURCE AR Capital, LLC

Website: http://www.americanrealtycap.com
Contact: Anthony J. DeFazio, DDCworks, tdefazio@ddcworks.com, Ph:
(484-342-3600); or Brian S. Block, EVP & CFO, AR Capital, LLC,
bblock@arlcap.com, Ph: (212-415-6500)