Mr. Morena is Vice President of Site Acquisitions for ARC Properties, Inc., and Treasurer of ARC Corporate Realty Trust. Mr. Morena was formerly Vice President and Chief Financial Officer of Tel-Save Holdings, Inc., a publicly traded telecommunications company. From 1980 to 1993, Mr. Morena was Vice President and Treasurer of Air & Water Technologies, Inc., a publicly traded international engineering and construction company. Mr. Morena has substantial experience in corporate finance, including capital raising in the public IPO market, bank loans, and the public bond and private placement markets. Mr. Morena also has significant business management experience in the area of financial statement preparation and control, as well as communication of financial performance to institutional investors. Mr. Morena is a graduate of New York University from which he received BS and MBA degrees in Banking and Finance.