search

The Real Deal Logo

Trending

HGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealTrump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loan
Commercial
New York

The rise and fall of Nicholas Schorsch

How the now-ousted REIT chief went from one of real estate’s most aggressive players to unemployed

Nicholas Schorsch (RyanELight, CC BY-SA 3.0 via Wikimedia Commons)
Nicholas Schorsch (RyanELight, CC BY-SA 3.0 via Wikimedia Commons)

Sign Up for the undefined Newsletter

From the February issue: A year ago, Nicholas Schorsch was guiding American Realty Properties — part of a complex empire of publicly traded and private REITs — through a spending spree. The REIT was flying high, snapping up companies and property portfolios left and right. [more]

Tags
American Realty CapitalNicholas Schorsch