NEW YORK CITY-Marking the second major executive move this week, Grubb & Ellis CEO Thomas D’Arcy has jumped ship to join American Realty Capital Healthcare Trust, Inc. as CEO, GlobeSt.com has learned. The move comes shortly after BGC Partners Inc. closed its acquisition of the brokerage and formed Newmark Grubb Knight Frank.
A long-time veteran of the commercial real estate industry, D’Arcy served as president and CEO of Grubb since November 2009. Prior to that, he was a principal of Bayside Realty Partners, a private real estate company focused on acquiring, renovating and developing land and income-producing real estate. He has also served as president and CEO of Equity Investment Group, a private real estate investment trust, and as chairman and CEO of Bradley Real Estate Inc., a NYSE-listed REIT.
In a statement, D’Arcy says his “considerable experience with publicly traded real estate investments” will expand the success of “an already highly regarded portfolio of healthcare related assets.”
A spokeswoman for Newmark Grubb Knight Frank was unavailable for comment, noting that the firm does not comment on personnel matters.
In addition to D'Arcy's move, yesterday Arthur J. Mirante left Cushman & Wakefield to launch Avison Young’s new Manhattan office.
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