Keith Singer was invited by New York Recovery REIT (NYRT) to participate in the opening bell ceremony today at the New York Stock Exchange (NYSE). Sponsored by American Realty Capital (ARC), NYRR began publicly trading on April 15, 2014. NYRT’s appearance on the NYSE is the latest in a series of liquidity events for ARC REITs.
Mr. Singer, a radio personality and wealth manager, hosts a financial radio program called “Prosper!” that covers the risks and rewards of investment opportunities. ARC and Mr. Singer have been in close contact since late 2010, when Mr. Singer featured the REIT sponsor on his program. Over the years, Mr. Singer has extensively explored a number of ARC’s REITs, providing program listeners with insight and due diligence information. CEO of ARC, Nicholas Schorsch, has been interviewed on the program, giving listeners a better look at the world of commercial real estate.
“It’s a very rewarding feeling to know that I helped so many of my listeners acquire investments that have not only produced high levels of steady tax favored income but substantial capital gains as well.”, said Singer. “Both my listeners and I are very fortunate to have discovered American Realty Capital.”