Nicholas Schorsch Net Worth, Age, Height, Bio, Birthday, Wiki!
Explore Nicholas Schorsch net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Nicholas Schorsch? Who is Nicholas Schorsch dating now & how much money does Nicholas Schorsch have?
Nicholas Schorsch Biography
Nicholas Schorsch is one of the most popular and richest Entrepreneur who was born on March 2, 1961 in Philadelphia, Pennsylvania, United States.
He next founded Thermal Reduction Corporation, a metal product manufacturing business. Over ten years he built up the company through a series of mergers and acquisitions, eventually selling his interest in 1994.
In 1995, he and his wife Shelley co-founded the Jenkintown-based American Financial Resource Group, which originally acquired operating companies in the printing, label, and financial services sector. Within two years, the company diversified into the acquisition of commercial real estate properties. In 1998, Schorsch learned of a merger between CoreStates Financial Corporation, a bank with whom he did business, and First Union Corporation. As a result of the pending merger, 106 of CoreStates’ bank branches were set to close. Upon hearing this, Schorsch offered to buy every (vacant) bank branch building. He recalled in a 2005 interview in The New York Times, “They [the bank] thought I was a crazy man.” The $22.3 million deal was completed within 37 days, and within 12 months he sold or leased 95% of the properties.
| Name | Nicholas Schorsch |
| First Name | Nicolene |
| Last Name | Neal |
| Occupation | Entrepreneur |
| Birthday | March 2 |
| Birth Year | 1961 |
| Place of Birth | Philadelphia |
| Home Town | Pennsylvania |
| Birth Country | United States |
| Birth Sign | Pisces |
| Full/Birth Name | |
| Father | Not Available |
| Mother | Not Available |
| Siblings | Not Available |
| Spouse | Not Known |
| Children(s) | Zoey Schorsch, Sloane Lynn Schorsch |
Ethnicity, religion & political views
Many peoples want to know what is Nicholas Schorsch ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Nicholas Schorsch's ethnicity is Not Known. We will update Nicholas Schorsch's religion & political views in this article. Please check the article again after few days.
He is often characterized as a pioneer in the alternative investment sector of the financial services industry, particularly due to his influence on the commercial real estate investment space. He has received a number of honors and public recognition for his impact on the industry, including the Ernst & Young Entrepreneur of the Year Award in 2003 and the Ernst & Young Entrepreneur of the Year Lifetime Achievement Award in 2011. He is also regarded as one of the principal figures contributing to the increased appeal and accessibility of commercial real estate investments to individual investors.
Nicholas Schorsch Net Worth
Nicholas Schorsch is one of the richest Entrepreneur from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Nicholas Schorsch's net worth US$1.6 billion (August 2014). (Last Update: December 11, 2023)
Nicholas Sloan “Nick” Schorsch (born March 2, 1961) is an American entrepreneur, investor, and philanthropist. Schorsch is the Chairman, CEO, and co-founder of the investment services firm American Realty Capital.
| Net Worth | US$1.6 billion (August 2014) |
| Salary | Under Review |
| Source of Income | Entrepreneur |
| Cars | Not Available |
| House | Living in own house. |
Schorsch moved to New York City in 2007 where he, along with William M. “Bill” Kahane, founded the investment services firm American Realty Capital, later renamed AR Capital as the sponsor expanded into alternative investments vehicles other than commercial real estate. Shortly thereafter, the AR Capital partnership expanded to include Michael Weil, President and Chief Operating Officer, Peter Budko, Executive Vice President and Chief Investment Officer, and Brian Block, Executive Vice President and Chief Financial Officer. AR Capital’s flagship investment program was named American Realty Capital Trust, Inc., or ARCT. Similar to American Financial Realty Trust, ARCT would invest in single-tenant commercial real estate properties leased to corporate businesses that provided other essential goods and services, such as Walgreens, CVS, Dollar General, and Federal Express. In March 2012, American Realty Capital Trust, Inc., listed on the NASDAQ, providing liquidity for its shareholders. Schorsch served as Chairman of the company from inception until January 2013, when it merged with Realty Income Corporation (NYSE: O).
In 2008, the five partners of AR Capital used their own funds to create Realty Capital Securities, LLC, or RCS, a broker dealer seven times larger than any other broker-dealer operating in the industry at the time. Furthermore, they launched not one, but a series of investment programs simultaneously, using the broker-dealer platform to raise capital for other sponsor companies in the industry. This would save sponsors the time, cost and risk of building their own broker-dealer, as well as generate substantial profit for RCS. In June 2013 Realty Capital Securities announced that it had reached another milestone, $10 billion of raised equity since inception. This coincided with Realty Capital Securities garnering a 53% market share in the real estate managing broker-dealer sales, more than five times that of the next competitor.
Height, Weight & Body Measurements
Nicholas Schorsch height Not available right now. Nicolene weight Not Known & body measurements will update soon.
| Height | Unknown |
| Weight | Not Known |
| Body Measurements | Under Review |
| Eye Color | Not Available |
| Hair Color | Not Available |
| Feet/Shoe Size | Not Available |
In 2002, American Financial Resource Group became American Financial Realty Trust, or AFRT. Schorsch served as the company’s President, CEO, and Vice Chairman of the Board of Trustees, listing it publicly on the New York Stock Exchange in 2003. Shortly after, Schorsch was dubbed “The Bankers Landlord” by The Philadelphia Inquirer. In 2006, Schorsch left AFRT.
In 2013, Schorsch, along with the AR Capital partnership, united their broker-dealer, investment banking, transfer agency and transaction management companies under one holding company named RCS Capital Corporation. This was made available for public ownership in June 2013, when RCS Capital Corporation successfully closed its initial public offering and listed on the New York Stock Exchange (NYSE: RCAP). Shortly after RCAP’s IPO, Schorch announced the acquisition of First Allied Holdings, Inc., together with The Legend Group serving over 1,500 independent financial advisors. On October 1, 2013, RCS Capital announced the acquisition of The Hatteras Funds Group whose principal business is acting as sponsor, investment adviser and distributor of a family of mutual fund companies. On October 2, 2013, RCS Capital announced the acquisition of Investors Capital Holdings, Ltd. an independent broker-dealer and investment advisory services firm – a four-time winner of Investment Advisor’s Broker-Dealer of the Year award. On November 15, RCS Capital announced the acquisition of asset management and investment advisory services firm Summit Financial Services Group, Inc. On January 16, 2014 RCS Capital announced that it had agreed to purchase Cetera Financial Group and on January 17, 2014 announced its similar intention to acquire J.P. Turner & Company for $1.15 billion and $27 million, respectively. An article by Investment News cited that “If all his deals come to fruition…his network would have close to 9,200 registered representatives and financial advisers producing about $1.73 billion in total annual revenue, placing him in the top tier of independent broker-dealers.”
Who is Nicholas Schorsch Dating?
According to our records, Nicholas Schorsch is possibily single & has not been previously engaged. As of December 1, 2023, Nicholas Schorsch’s is not dating anyone.
Relationships Record: We have no records of past relationships for Nicholas Schorsch. You may help us to build the dating records for Nicholas Schorsch!Schorsch founded American Realty Capital Properties Inc. or ARCP, later named VEREIT, in 2010. In October 2014, the company admitted to an accounting error of $23 million, leading to significant sales of the company’s stock and a drop in its value by $3 billion. The company fired Chief Financial Officer Brian Block after an audit committee investigation, and said that financial information in its 2013 10-K and Q1 and Q2 2014 quarterly reports “should no longer be relied upon.” Lawsuits followed, with investors claiming ARCP had misstated financials in order to inflate financial results. In December Schorsch resigned as Chairman.
Facts & Trivia
Nicolene Ranked on the list of most popular Entrepreneur. Also ranked in the elit list of famous people born in United States. Nicholas Schorsch celebrates birthday on March 2 of every year.
On December 30, 2014, RCS Capital announced that Nicholas S. Schorsch notified the RCS Capital Board of his decision to step down from his position as Director and Executive Chairman of the Board. According to a press release issued by AR Capital, Schorsch has made this decision in order to focus his attention on strategic initiatives and potential liquidity events of closed programs sponsored by AR Capital, and new strategies for the future suite of AR Capital investment programs. Schorsch was succeeded by Mark Auerbach, RCS Capital’s former Lead Independent Director, to the role of Chairman, effective immediately. On January 4, 2016, the NYSE suspended trading of RCAP after RCAP announced it reached an agreement in principle to restructure its debt and intended to file Chapter 11 bankruptcy in late January 2016.
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