New York Recovery REIT Appoints Michael Happel President and Gregory Sullivan CFO and COO

by Nate Hunter

New York – Happel will become president immediately, while Sullivan’s appointment is effective April 21.

New York  – American Realty Capital New York Recovery REIT, Inc. has promoted Executive Vice President and Chief Investment Officer Michael Happel to president and appointed Gregory Sullivan as its chief financial officer and chief operating officer. Sullivan joins NYRR from STAG Industrial, Inc., where he has been chief financial officer since their IPO in April 2011. “We have repeatedly underscored the importance of identifying the right intellectual capital to lead each of our investment strategies so as to maximize value to our shareholders,” Nicholas S. Schorsch, chairman and chief executive officer of NYRR, says. “By elevating Michael’s role to that of president, and attracting a strong chief financial officer of the caliber of Greg Sullivan, we have placed New York Recovery in able hands.”

— Scott Reid



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