The Real Deal New York

Can Glenn Rufrano turn American Realty Capital around?

Inside CEO's plan to save scandal-plagued firm

August 05, 2015 11:30AM
By Konrad Putzier

Glenn Rufrano

Glenn Rufrano

From the August issue: Glenn Rufrano has a long to-do list. Rufrano, who was tapped to take over the scandal-plagued American Realty Capital Properties – now renamed VEREIT – in April, is now in the thick of trying to turn the real estate investment trust around.

The industry is waiting with bated breath to find out exactly what his game plan is. The CEO — who announced that he would be changing the company’s name when it moves its stock to the New York Stock Exchange from Nasdaq early this month — is expected to reveal his strategy in an earnings call on August 6.

While Rufrano, the former CEO of Cushman & Wakefield, declined to comment in advance of that big reveal, industry observers say he has several key issues to tackle immediately. [more]