The DI Wire has learned that Nicholas Radesca, chief financial officer of AR Global and a number of its sponsored REITs, is stepping down from all of his positions following his decision to retire. His resignation will be effective on November 15th, or the day after the company files its third quarter financial results with the SEC, whichever is later.
Radesca served as executive vice president and CFO of AR Global, formerly AR Capital, which he joined in December 2012. He also served as interim CFO and treasurer of non-traded REIT American Realty Capital New York City REIT, as well as CFO, secretary, and treasurer of non-traded REIT American Finance Trust, publicly traded REIT Global Net Lease (NYSE: GNL), and the respective companies’ advisors and property managers.
Katie Kurtz will replace Radesca in all capacities at both ARC NYC REIT and American Finance Trust, while Christopher Masterson will take over his role at Global Net Lease.
Kurtz serves as the CFO, treasurer, and secretary of affiliated non-traded REITs American Realty Capital Healthcare Trust III and Healthcare Trust, as well as their related advisors and property managers. She previously served in similar capacities at non-traded REIT American Realty Capital-Retail Centers of America and non-traded business development company Business Development Corporation of America II.
Prior to joining AR Global, Kurtz served as chief accounting officer for Carlyle GMS Finance, The Carlyle Group’s business development company, and as director of finance and controller for New Mountain Finance Corporation, an exchange-traded business development company.
Masterson, who was promoted from GNL’s chief accounting officer, has served as chief accounting officer for both American Finance Trust and American Realty Capital – Retail Centers of America, and as controller for Business Development Corporation of America and affiliated non-traded REIT Realty Finance Trust.
Prior to his work with AR Global, he held accounting positions with Goldman Sachs and KPMG. In his new role, Masterson will focus exclusively on GNL, the company said.