Home Alts News ARC Global Trust Hires New CFO

ARC Global Trust Hires New CFO

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Patrick J. Goulding has been named American Realty Capital Global Trust Inc.’s (ARC Global) new Chief Financial Officer. As of July 1, 2014 Mr. Goulding succeeded the non-traded REIT’s previous CFO, Nicholas Radesca.

In his new role, Mr. Goulding, 51, will be in charge of the company’s financial operations and will report to President and Chief Operating Officer of ARC Global, Michael Weil.

“I am pleased to welcome Patrick to ARC Global,” stated Mr. Weil. “With over 25 years of experience in the real estate sector, Patrick brings a wealth of expertise managing alternative investments and implementing finance and operating structures to support global investment activities. We look forward to Patrick’s contributions as we continue to capitalize on the significant growth and investment opportunities in the global sale-leaseback market.”

Before joining ARC Global, Mr. Goulding was a managing director and global head of portfolio management for Morgan Stanley’s opportunistic real estate platform, which he joined in 2010. Prior to that, he was managing director at Strategic Value Partners.

With over 25 years of experience in real estate finance accounting and operations, Mr. Goulding is a fellow of the institute of chartered accountants in Ireland. He graduated from the Waterford Institute of Technology in Waterford, Ireland.

ARC Global seeks to diversify geographically with not less than 50% of the portfolio being in the United States, up to 40% in Europe, and up to 10% elsewhere internationally. Its focus on European markets is intended to allow investors to participate in the expected recapitalization of corporate Europe. Partnered with ARC Global is London-based Moor Park, which acts as the company’s European service provider.

“I am excited to join ARC Global and look forward to working with Mike and the entire ARC Global team,” said Mr. Weil. He continued, “I also look forward to working with ARC Global’s European partner, Moor Park, a leader in global corporate sale lease-back investing. Our partnership with Moor Park will help ARC Global expand our platform in Europe as we continue to execute our strategy to build a diversified, high-quality and value enhancing sale-leaseback structured portfolio.”