March 29, 2017 7:20 AM ET

Real Estate Management and Development

Company Overview of American Realty Capital Daily Net Asset Value Trust, Inc.

Company Overview

American Realty Capital Daily Net Asset Value Trust, Inc. engages in the acquisition of a portfolio of income producing real estate properties in the United States. The company focuses primarily on acquiring freestanding, single-tenant bank branches, convenience stores, office, industrial, and retail properties that are net leased to investment grade and other creditworthy tenants. As of September 30, 2015, it owned 11 properties comprising 0.2 million rentable square feet. The company was founded in 2010 and is based in New York, New York.

405 Park Avenue

14th Floor

New York, NY 10022

United States

Founded in 2010

Phone:

212-415-6500

Key Executives for American Realty Capital Daily Net Asset Value Trust, Inc.

Chairman, Chief Executive Officer and President
Age: 49
Chief Financial Officer, Treasurer and Secretary
Age: 51
Chief Securities Counsel and Deputy General Counsel
General Counsel
Compensation as of Fiscal Year 2016.

American Realty Capital Daily Net Asset Value Trust, Inc. Key Developments

American Realty Capital Daily Net Asset Value Trust, Inc. Announces Management Changes

On December 30, 2015, the board of directors of American Realty Capital Daily Net Asset Value Trust, Inc. appointed Edward M. Weil, Jr., currently the chairman of the company’s board of directors, to serve as chief executive officer and president of the company, effective as of that same date. Mr. Weil will continue to serve in his capacity as chairman of the company’s board of directors. Mr. Weil will also serve as chief executive officer and president of the company’s advisor. Mr. Weil, 48, has served as chairman of the Company since November 2015, and previously served as an executive officer of the company, the company’s advisor and the Company’s property manager from their formation in September 2010 until November 2014. On December 30, 2015, in connection with Mr. Weil’s appointment as chief executive officer and president of the company and the company’s advisor, William M. Kahane resigned from his roles as chief executive officer and president of the company and the company’s advisor.

American Realty Capital Daily Net Asset Value Trust, Inc. Announces Board Changes

On November 20, 2015, the board of directors of American Realty Capital Daily Net Asset Value Trust, Inc. appointed Edward M. Weil, Jr. to serve as a director and as chairman of the Board, effective as of that same date. On November 20, 2015, in connection with Mr. Weil's appointment as a director and as chairman of the Board, William M. Kahane resigned from his roles as a director and as chairman of the Board of the Company.

American Realty Capital Daily Net Asset Value Trust, Inc. Suspends Monthly Distributions

American Realty Capital Daily Net Asset Value Trust Inc. announced on Aug. 5, 2015 that it intends to sell its entire portfolio of 14 assets and distribute the proceeds among the company's investors. The company suspended its monthly distributions and its distribution reinvestment plan, effective July 31.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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