NEW YORK CITY—American Realty Capital Healthcare Trust on Friday said it had promoted Thomas D'Arcy, who has led its advisor since May 2012, to CEO of the REIT. The move, which precedes ARC Healthcare's planned public listing, is part of a revamping of the management team structure that also includes the appointment of Edward F. Lange Jr. as the non-traded REIT's CFO and COO. Nicholas Schorsch will continue to serve the company as executive chairman of the board.

“We have repeatedly underscored the importance of identifying the right intellectual capital to lead each of our investment strategies so as to maximize value to our shareholders,” Schorsch says. In elevating D'Arcy to the CEO position and attracting a CFO and COO of Lange's caliber, “we have placed ARC Healthcare in able hands as it seeks to become a listed company.”

ARC Healthcare had previously announced that it had retained BofA Merrill Lynch and RCS Capital, a division of Realty Capital Securities LLC, as financial advisors to help evaluate strategic options to create liquidity for its shareholders. The company held a $1.5 billion IPO in 2011.

D'Arcy has served as CEO of American Realty Capital Healthcare Advisors since April 2012, and as CEO of American Realty Capital Healthcare Trust II. Before joining American Realty Capital, he had been president and CEO of Grubb & Ellis since November 2009.

Lange most recently served as CEO at HRC Investors Corp. during 2013. Prior to HRC, he was CFO and director at Americold Realty Trust from June 2011 until May 2012, and was CFO and COO at BRE Properties Inc. between July 2000 and July 2010.