David Kay

Mr. Kay is a Managing Director at Proterra and co-leads the Proterra Net Lease strategy.

Mr. Kay was the Co-Founder and Managing Partner of Jera Partners, a commercial real estate firm that sources, acquires, and manages single-tenant net leased properties on behalf of institutional clients and discretionary funds.    Jera and its affiliates manage over $800 million on behalf of its clients.

Mr. Kay was also the President and CEO American Realty Capital Properties, (renamed VEREIT (NYSE: VER) and sold to Realty Income (NYSE: O)), which was one the largest net lease real estate investment trusts in the world. As President and CEO, he oversaw more than $30 billion (103 million square feet) of net lease and multi-tenant real estate throughout the country.  During his tenure, he was responsible for the merger integration of Cole, an $11 billion transaction.  He also led the company through a transformative capital restructuring which included a $1.5 billion equity raise, a new $3.5 billion credit facility, and a $2.55 billion unsecured bond offering, ultimately resulting in achieving investment-grade ratings from Moody’s Investor Services and Standard & Poor’s.

Mr. Kay was a founder of Capital Automotive REIT (formerly NASDAQ: CARS), where he held the positions of Chief Financial Officer, Treasurer, and Chief Investment Officer during his 16+ year tenure.  Capital Automotive is the nation’s leading specialty finance company for automotive retail real estate.  Under his direction, Capital Automotive completed its $370 million initial public offering in 1998 and completed nearly $3 billion of real estate acquisitions in the following 7 years.  In 2005, David led the company through a $3.8 billion privatization and continued to serve in leadership roles for an additional eight years.

Mr. Kay received a Bachelor of Business Administration from James Madison University.