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NEW YORK CITY-American Realty Capital Properties Inc., which recently announced a switch to self-management, has brought in David S. Kay as its new president. Kay is joining CEO and executive chairman Nicholas Schorsch, COO Lisa Beeson and CFO Brian S. Block as part of ARCP’s self-managed executive team.

Previously, Kay served as CIO and CFO at Capital Automotive Real Estate Services Inc., a specialty finance company for automotive retail real estate. He had co-founded its predecessor, Capital Automotive REIT, in October 1997, and directed its IPO the following year.  Kay completed nearly $3 billion of real estate acquisitions in the following seven years, and in December 2005, he led Capital Automotive through a nearly $4-billion privatization transaction.

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