NEW YORK CITY—A little more than a week after the back-to-back departures of its executive chairman, CEO and president/COO were made public, American Realty Capital Properties said its board has devised strategic priorities for the ARCP and Cole Capital businesses. These include: evaluating the capital structure and allocation of capital to drive stockholder returns; actively managing the real estate assets in ARCP’s 99.1-million-square-foot portfolio; stabilizing and growing Cole’s non-traded REIT business; enhancing financial and operating information systems; reviewing and optimizing organizational structure and G&A expenses; and managing liabilities and cash flow during the review.

The net lease REIT said Wednesday that its lenders have granted it more time to report third-quarter and full-year 2014 results, and the company will suspend dividend payments on its common stock until the financial statements are filed. However, it’s planning a payment to holders of its Series F preferred shares on Jan. 15.

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