AR Capital Issues Statement Regarding Complaint Filed in New

FOR IMMEDIATE RELEASE
AR Capital Issues Statement Regarding Complaint
Filed in New York Supreme Court
New York, New York, December 18, 2014 – AR Capital, LLC (“AR Capital”) today in
response to the complaint filed in the Supreme Court of the State of New York, issued the
following statement:
“AR Capital’s principals believe this defamation lawsuit is without merit. Mr. Schorsch
denies the allegations and intends to defend against the claims vigorously. We are
confident that Mr. Schorsch has engaged in no unlawful conduct. We note that a lawyer
for Ms. McAlister, the plaintiff in this matter, raised similar allegations in a letter sent to
Mr. Schorsch in November that sought an “opportunity” to “resolve” them. Mr. Schorsch
received the letter on November 14 and immediately arranged for the letter to be
forwarded to the appropriate government authorities. Although the ARCP Audit
Committee investigation is continuing, we understand that to date there has not been any
conclusion of unlawful conduct by Mr. Schorsch. Both AR Capital and Mr. Schorsch will
have no further comment on the lawsuit at this time.”
About AR Capital
Founded in 2006, AR Capital is a full-service investment management firm providing
advisory services to retail and institutional investors. AR Capital is an active sponsor and
manager of numerous alternative investment programs, including multiple REITs, openend mutual funds, a business development company and a closed–end fund. Additional
information can be found at www.americanrealtycap.com.
Important Notice
The statements in this press release that are not historical facts may be forward-looking
statements. These forward-looking statements involve risks and uncertainties that could
cause the outcome to be materially different. In addition, words such as “will,” “should,”
“may,” “anticipate,” “believe,” “expect” and “intend” indicate a forward-looking
statement, although not all forward-looking statements include these words.
Investor Inquiries:
Andrew G. Backman
Anthony J. DeFazio
SVP of Public Relations [email protected]
(917) 475-2135
DDCworks
[email protected]
(484) 342-3600
Nicholas A. Radesca
Chief Financial Officer
AR Capital, LLC
[email protected]
(212) 415-6559

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