VEREIT (NYSE:VER) is the former American Realty Capital Properties, a name that will likely live in infamy in the real estate investment trust, or REIT, world for years to come. After growing too fast and, basically, imploding, the company's board brought in a new CEO with strong credentials as a fixer, Glenn Rufrano. He's been working more quickly than I expected on a portfolio overhaul, notably on the company's Red Lobster assets, and now I'm starting to understand why.