programs, became New York REIT (NYSE:NYRT), the first traded REIT to acquire real estate exclusively in New York City. The portfolio consists of $2.7 billion worth of New York City properties, notably a $1.45 billion 48.9% stake in One Worldwide Plaza, a mixed use residential and commercial complex. Earlier in the year the fund managed to acquire an office building at 1440 Broadway, pushing into the Times Square sub-market, as well as the leasehold interest in the Viceroy Hotel. ARC Healthcare Trust listing and sale On April 7, 2014 Schorsch listed yet another of his companies, American Realty Capital Healthcare Trust, Inc., on the NASDAQ exchange at $10.00 per share (NASDAQ:HCT). In January 2015, this medical-related property portfolio was purchased by Ventas, Inc. (NYSE: VTR) in an approximately $2.6 billion transaction, or at $11.33 per HCT share. RCS Capital Corporation 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, Schorsch 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." On April 29, 2014, RCAP announced that it had officially completed