NEW YORK CITY—American Realty Capital Trust V said Monday it plans to trade on the New York Stock Exchange, and to expand its platform from net lease to commercial real estate debt. It's the second American Realty Capital-sponsored non-traded REIT in as many months to announce that it was headed toward the NYSE, following American Realty Capital Global Trust in early March.

ARCT V plans to begin publicly trading during the third quarter. When it's listed, it will be under the name American Finance Trust Inc. and the stock ticker AFIN, reflecting an expanded purview into originating and acquiring first mortgages and other CRE debt securities.

The company sees commercial mortgages as an investment opportunity that has been underutilized by REITs. It plans to tap into the opportunities to complement the stable cash flows it receives from its net lease portfolio.

“Over the next three years, we anticipate a substantial volume of commercial loan maturities with insufficient refinancing options available through traditional sources,” says Don MacKinnon, ARC Trust V's newly appointed CEO and president. “We intend to leverage the company's scale, management acumen and financial resources to capitalize on these opportunities.”

Such opportunities, MacKinnon adds, will likely see “limited participation from the more traditional financial institutions given their increasing regulatory and risk-profile constraints.” A company spokesman tells Globest.com that MacKinnon was appointed as CEO and president by the board this past Sunday. SEC filings show the appointment followed the resignation of William Kahane from both positions. Currently COO at Realty Finance Trust, MacKinnon assumes his new duties effective May 4.

ARCT V also said Monday that it has engaged UBS Securities LLC as a financial advisor in connection with the listing, which will be accompanied by a tender offering for up to $125 million of its common stock. RCS Capital, the investment banking and capital markets division of Realty Capital Securities LLC, is also advising the company in connection with the listing.

Additionally, ARCT V has hired Donald R. Ramon as CFO, effective next month. Ramon previously served as CFO of Invesco Mortgage Capital Inc., and also has held senior finance positions at HomeBanc Corp., General Electric Capital Corp. and SunTrust Banks Inc. He succeeds CFO Nicholas Radesca, who also told the board Sunday that he would step down.