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Greg Sullivan Resigns From His Roles at New York REIT and ARC NYC REIT

Gregory W. Sullivan resigned from his positions as chief operating officer, chief financial officer, treasurer and secretary of New York REIT, Inc. He also resigned from his role as chief operating officer, chief financial officer, and treasurer of American Realty Capital New York REIT II, Inc., the companies’ 8-Ks disclosed.

In a press release issued by New York REIT, Mike Happel, chief executive officer, commented, “Greg has made important contributions to our evolution as a public company, and his public company experience and institutional relationships have been valuable to us. We are grateful for his many contributions, his ongoing assistance during this transition process, and wish him all the best.”

The company noted that Sullivan “did not resign pursuant to any disagreement and will remain available to facilitate a smooth transition.”

While the company seeks a replacement for Sullivan, Nicholas Radesca, the company’s former chief financial officer, was appointed to serve in the interim positions. Radesca briefly served as chief financial officer of New York REIT from February 2014 – April 2014. He has also served as chief financial officer, treasurer, and secretary of American Realty Capital Daily Net Asset Value Trust, Inc., since Jan. 2014, Nov. 2014, and Dec. 2014, respectively.