On January 8, 2014, in light of American Realty Capital Properties, Inc.’s (“ARCP”) completed transition to self-management, in connection with which Brian S. Block now serves in the capacity of chief financial officer for ARCP on a full-time, dedicated basis, Mr. Block resigned from his roles as chief financial officer and executive vice president of American Realty Capital Daily Net Asset Value Trust, Inc. (the “Company”), effective as of that same date. Mr. Block did not resign pursuant to any disagreement with the Company. Simultaneously with Mr. Block’s resignation, the Company’s board of directors appointed Nicholas Radesca to serve as the Company’s chief financial officer. Similarly, Mr. Radesca will also replace Mr. Block as chief financial officer of the Company’s advisor and property manager. There are no related party transactions involving Mr. Radesca that are reportable under Item 404(a) of Regulation S-K.<br /><br /> <br /><br />Nicholas Radesca, 48, has served as the chief financial officer and treasurer of American Energy Capital Partners, LP’s general partner since October 2013. Mr. Radesca has served as chief financial officer of American Realty Capital Trust V, Inc. (“ARCT V”), the ARCT V advisor and the ARCT V property manager since January 2014. Mr. Radesca has served as chief financial officer and treasurer of ARC Realty Finance Trust, Inc. (“ARC RFT”) and the ARC RFT advisor since January 2013. Mr. Radesca has also served as chief financial officer and treasurer of Business Development Corporation of America (“BDCA”) and the BDCA advisor since February 2013. Mr. Radesca was appointed as secretary of BDCA in June 2013. Prior to joining American Realty Capital in December 2012, Mr. Radesca was employed by Solar Capital Management, LLC, from March 2008 to May 2012, where he served as the chief financial officer and corporate secretary for Solar Capital Ltd. and its predecessor company, and Solar Senior Capital Ltd., both of which are publicly traded business development companies. From 2006 to February 2008, Mr. Radesca served as the chief accounting officer at iStar Financial Inc. (“iStar”), a publicly traded commercial REIT, where his responsibilities included overseeing accounting, tax and SEC reporting. Prior to iStar, Mr. Radesca served in various senior accounting and financial reporting roles at Fannie Mae, Del Monte Foods Company, Providian Financial Corporation and Bank of America. Mr. Radesca has more than 20 years of experience in financial reporting and accounting and is a licensed certified public accountant in New York and Virginia. Mr. Radesca holds a B.S. in accounting from the New York Institute of Technology and an M.B.A. from the California State University, East Bay.<br /><br />(Logo: http://photos.prnewswire.com/prnh/20120529/NY15147LOGO )<br /><br />Ms. McAlister's primary focus as the Chief Accounting Officer of ARCP will be to manage the accounting and financial functions of the company and aid in the integration of ARCP's recently closed and pending transactions, including working closely with the financial and senior management teams at Cole Real Estate Investments, Inc. (NYSE: COLE) to manage the financial integration of the companies.<br /><br />Ms. McAlister held the position of Managing Director at PricewaterhouseCoopers ("PwC') in its real estate capital markets and accounting advisory services practice.  Prior to joining PwC, Ms. McAlister held the COO position and was a prior CFO of Bank of America Merrill Lynch global private equity, and she has also been a CFO of a publicly-traded healthcare real estate investment trust.  Ms. McAlister has 25 years' experience in senior financial roles in all aspects of financial and accounting operations, internal controls, information systems, treasury and investor relations for public companies in the private equity, real estate, financial services, healthcare and technology sectors.<br /><br />Brian Block, Chief Financial Officer of ARCP, commented, "We are excited to have Lisa on board as we complete our self-management initiative by year-end 2013.  Lisa's extensive financial and accounting operations and knowledge of real estate, will serve us well.  Her industry experience will provide a strong perspective on public company accounting and financial best practices as we continue to strive toward becoming not only the leading net lease REIT, but a leading public REIT."<br /><br />About ARCP<br /><br />ARCP is a publicly traded Maryland corporation listed on The NASDAQ Global Select Market, focused on acquiring and owning single tenant freestanding commercial properties subject to net leases with high credit quality tenants.  Additional information about ARCP can be found on its website at www.arcpreit.com.