Mr. David Kay serves as Chief Executive Officer & Board Member at American Realty Capital Properties. He is also a Co-Founder at Mercury Trust. Mr. Kay joined the company as President in December 2013. Under his leadership, ARCP has grown to become the largest net lease REIT and 15th largest REIT overall in the United States. Mr. Kay is an Avisor and Board Member of TaxToken. In addition to completing the acquisitions of Cole Real Estate Investments, American Realty Capital Trust IV and Cole Credit Property Trust, he has led the company's transition to self-management, implemented a proactive investor communications program and worked closely with Mr. Schorsch on strategic corporate governance initiatives. Under his leadership, ARCP has created the most diverse net lease portfolio in the industry, enhanced its balance sheet flexibility with nearly $12 billion in unencumbered assets, taken successful steps toward de-levering to targeted debt levels and received an investment-grade rating from S&P.