William H. Lenehan
William H. Lenehan
CEO / Board of Directors
T: 415.965.8031 | Vcard

William H. Lenehan was named Chief Executive Officer of FCPT in connection with Darden Restaurant's real estate spin off transaction. Prior to assuming the CEO role, Bill was an active member of Darden Restaurants' Board of Directors, Chair of its Real Estate and Finance Committee and member of its Corporate Governance Committee.


Mr. Lenehan has a strong track record of success in real estate and has been active in assembling portfolios of triple net retail properties. In addition, he recently served two years as Special Advisor to the Board of Directors at EVOQ Properties, Inc., which at the time was the owner of a substantial portfolio of development assets in downtown Los Angeles. Prior to that, Lenehan served as Interim CEO of MI Developments, Inc., now named Granite REIT, an owner of net leased industrial and manufacturing real estate, where he was a member of their Strategic Review Committee and was a Director. He also spent approximately 10 years as an Investment Professional in the Real Estate Group of Farallon Capital Management, LLC. Mr. Lenehan is a graduate of Claremont McKenna College.

In addition, Lenehan previously served on the board of directors for Gramercy Property Trust Inc., a publicly traded net lease REIT, where he was Chairman of the Investment Committee and currently serves on the board of directors of Macy’s, Inc.


Gerry Morgan
Gerald R. Morgan
T: 415.965.8032 | Vcard

Gerald R. Morgan has more than 25 years of real estate and financial management experience across the United States and Europe. Before joining FCPT, Morgan was a managing director of Amstar Advisors, a private real estate investment manager that acquires, manages and develops industrial, office, multifamily and retail properties in select U.S. and international markets. Morgan had CFO responsibilities for the organization’s commingled funds and separate account activity and served on Amstar's Executive and Investment Committees.


Prior to that, Morgan was a managing director for Prologis, the global industrial REIT, where he was involved in the company’s capital markets and M&A activities. Prior to Prologis, Morgan was President and CFO of American Residential Communities, which at the time was one of the largest owners and operators of manufactured housing communities in the country. In addition, Morgan has served as a senior officer with Archstone, which was a leading national public apartment REIT before it was sold, and as the CFO of Francisco Partners, a technology-focused private equity fund.

Mr. Morgan obtained a B.S. in Mechanical Engineering and an MBA from Stanford University.


William H. Lenehan
James L. Brat
General Counsel
T: 415.965.8033 | Vcard

James L. Brat is the General Counsel of FCPT. Before joining FCPT, Mr. Brat was a partner in the real estate department at the law firm of Pircher, Nichols & Meeks where he has practiced since 1998.


He has been involved in all aspects of transactional real estate, with an emphasis on acquisitions and dispositions, financings, joint ventures and development. He also has extensive experience in the financing of real property, including traditional mortgage-based loans, loan participations, mezzanine financing and preferred equity. Mr. Brat received his B.A. in German from Macalester College and his Juris Doctorate from UCLA School of Law.


Evan Dunn
Associate General Counsel
T: 415.432.7200 | Vcard

Evan Dunn is the Associate General Counsel of FCPT.


Prior to joining FCPT, Mr. Dunn served as an associate in the law firms of Simpson Thacher & Bartlett LLP, Mintz Levin Cohn Ferris Glovsky and Popeo PC, and, most recently, Perkins Coie LLP. Mr. Dunn has extensive experience in all aspects of corporate law, with an emphasis on SEC compliance, corporate governance, public offerings and mergers and acquisitions. Mr. Dunn received his B.A. in Mathematics from Williams College and his Juris Doctorate from the University of Michigan Law School.


Niccole M. Stewart
Chief Accounting Officer
T: 415.965.8034 | Vcard

Niccole Stewart is the Chief Accounting Officer of FCPT.


Ms. Stewart joined FCPT in December 2015 as Controller. Prior to joining FCPT, Ms. Stewart served as Director of SEC Reporting and Technical Accounting at Raptor Pharmaceuticals, Vice President of Technical Accounting and Reporting at Redwood Trust, and as an Auditor at Deloitte. Ms. Stewart has over 14 years of experience in complex accounting matters and public company financial reporting. Ms. Stewart received a B.S. in Accounting and in Business Administration from Chapman University. She is a Certified Public Accountant in California and is a member of the American Institute of Certified Public Accountants.


William H. Lenehan
Joshua C. Zhang
Vice President
T: 415.965.8037 | Vcard

Joshua C. Zhang is a Vice President of Acquisitions at FCPT.


Prior to joining FCPT, Mr. Zhang worked at Goldman Sachs in their Real Estate Finance Group. While at Goldman Sachs, Mr. Zhang closed approximately $9 billion of commercial real estate debt transactions spanning traditional mortgage based-loans, bank loans and mezzanine financings. He has extensive underwriting experience from single-tenant/single-asset transactions to large portfolio transactions covering various asset classes across the United States for both traditional CMBS transactions as well as Goldman Sachs' bank balance sheet. Mr. Zhang received a B.A. in Economics from Harvard University.


William H. Lenehan
Patrick L. Wernig
Vice President
T: 415-965-8038 | Vcard

Patrick L. Wernig is a Vice President of Acquisitions at FCPT.


Prior to joining FCPT, Mr. Wernig spent several years at J.P. Morgan’s investment banking group focused on clients in the real estate and gaming sectors. While at J.P. Morgan, Patrick worked on Darden Restaurants’ real estate monetization effort, including the eventual creation and spin off of FCPT. Additionally, Patrick covered numerous net lease clients, assisting with advisory projects and capital raising across asset classes.

Mr. Wernig began his career as an equity research analyst at Barclays Capital based in London, U.K. Patrick hails from Akron, Ohio and received his B.S. in Business Administration and MBA from Georgetown University.


William H. Lenehan
Carol Dilts
Vice President of Operations, Kerrow Restaurants
T: 317-670-7150 | Vcard

Carol Dilts has more than 25 years of restaurant industry experience across the United States. Before joining FCPT as Vice President of Operations for Kerrow Restaurants, Dilts was a Director of Operations for LongHorn Steakhouse, overseeing restaurants in San Antonio and west Texas.


Dilts has held leadership positions with increasing responsibility within LongHorn Steakhouse. She has received many leadership and performance-based awards, including Managing Partner of the Year and Presidents club with LongHorn Steakhouse. She also has sales experience with United Airlines and Schwan’s foods.

Carol enjoys volunteering through the Women’s Foodservice Forum, Habitat for Humanity and the San Antonio Food Bank. She studied biochemistry at the University of Michigan and has earned professional certificates from Johnson & Wales University and other organizations.


Carlos A. Mosqueda
Senior Manager
T: 415.965.8035 | Vcard

Carlos A. Mosqueda is the Senior Manager of Finance and Accounting at FCPT. He assists in the management of the company’s accounting, with a focus on the restaurant operations, as well as financial analysis and reporting.


Prior to joining FCPT, Mr. Mosqueda developed and implemented the revenue recognition and inventory accounting methodology at Raptor Pharmaceuticals and coordinated the initial financial statement audit of a venture capital portfolio company. Previously, he worked with REIT and Private Equity clients during his audit tenure at KPMG. Mr. Mosqueda received a B.S. in Business Administration from the Haas School of Business, University of California, Berkeley. He also served honorably with the 1st Marine Expeditionary Force during combat operations in the Middle East.