American Realty Capital Properties and American Realty Capital Trust III File Definitive Proxy Materials for Proposed

American Realty Capital Properties and American Realty Capital Trust III File
             Definitive Proxy Materials for Proposed Transactions

Special Meetings of Stockholders Scheduled for February 26, 2013

PR Newswire

NEW YORK, Jan. 22, 2013

NEW YORK, Jan.22, 2013 /PRNewswire/ --American Realty Capital Properties,
Inc. ("ARCP") (NASDAQ: ARCP) and American Realty Capital Trust III, Inc.
("ARCT III") announced today that they have filed with the Securities and
Exchange Commission ("SEC"), and commenced mailing to all their respective
stockholders, a definitive joint Proxy Statement / Prospectus regarding the
previously announced acquisition of ARCT III by ARCP.

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A special meeting of ARCP stockholders to consider and vote on a proposal to
approve the issuance of shares of ARCP common stock to the stockholders of
ARCT III pursuant to the merger agreement has been scheduled for 9:00am ET on
February 26, 2013 at The Core Club located at 66 East 55^th Street, New York,
NY 10022. A special meeting of ARCT III stockholders to consider and vote on
the proposal to approve the merger and the other transactions contemplated by
the merger agreement has been scheduled for 11:00am ET on February 26, 2013 at
The Core Club located at 66 East 55^th Street, New York, NY 10022.
Stockholders of record as of January 4, 2013 will be entitled to vote at the
special meetings and will receive the definitive proxy materials to register
their vote.

The board of directors of ARCP unanimously recommends that ARCP stockholders
vote FOR the proposal to approve the issuance of shares of ARCP common stock
to ARCT III stockholders pursuant to the merger agreement and the board of
directors of ARCT III unanimously recommends that ARCT III stockholders vote
FOR the proposal to approve the merger and the other transactions contemplated
by the merger agreement on the proxy card provided in the proxy materials.
The affirmative vote of holders of a majority of ARCP's votes cast on the
proposal, provided that the total votes cast on the proposal represent at
least a majority of the outstanding shares of ARCP common stock, is required
to approve the issuance of shares of ARCP common stock to the stockholders of
ARCT III pursuant to the merger agreement. The affirmative vote of holders of
a majority of ARCT III's outstanding shares entitled to vote is required to
approve the merger and the other transactions contemplated by the merger
agreement.

Stockholders are encouraged to read the definitive proxy materials in their
entirety as they provide, among other things, a detailed discussion of the
process that led to the merger agreement and the reasons behind the ARCP board
of directors' unanimous recommendation that ARCP stockholders vote FOR the
proposal to approve the issuance of shares of ARCP common stock to the
stockholders of ARCT III and the ARCT III board of directors' unanimous
recommendation that ARCT III stockholders vote FOR the proposal to approve the
merger.

Stockholders that need assistance in voting their shares should call Innisfree
M&A Incorporated toll-free at (877) 800-5187.

About American Realty Capital Properties

American Realty Capital Properties, Inc. is a publicly traded Maryland
corporation listed on The NASDAQ Capital Market that qualified as a real
estate investment trust for the year ended December 31, 2011, focused on
acquiring and owning single tenant freestanding commercial properties subject
to net leases with high credit quality tenants. Additional information about
ARCP can be found on ARCP's website at
www.americanrealtycapitalproperties.com.

About American Realty Capital Trust III

ARCT III is a publicly registered, non-traded real estate investment program
that elected to qualify as a real estate investment trust for tax purposes
with the taxable year ended December 31, 2011, focused on acquiring primarily
free-standing single-tenant retail properties net leased to investment grade
and other creditworthy tenants with long-term lease durations that contain
non-cancelable lease terms of ten or more years. Additional information about
ARCT III can be found on ARCT III's website at www.arct-3.com.

Additional Information and Where to Find It

In connection with the proposed merger, ARCP and ARCT III have filed a
definitive proxy statement with the SEC on January 22, 2013 and commenced
mailing the definitive proxy statement and a form of proxy to the stockholders
of ARCP and ARCT III. These materials are not a substitute for the definitive
proxy statement or the Registration Statement on Form S-4 (File No. 333-
185935) that ARCP filed with the SEC in connection with the proposed merger
with ARCT III. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY
HOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT REGARDING THE
PROPOSED MERGER CAREFULLY AND IN ITS ENTIRETY BECAUSE THE PROXY STATEMENT
CONTAINS IMPORTANT INFORMATION ABOUT ARCP, ARCT III AND THE PROPOSED MERGER.

Investors and security holders will be able to obtain, without charge, a copy
of the definitive proxy statement and other relevant documents filed with the
SEC from the SEC's website at http://www.sec.gov. Copies of the documents
filed by ARCP with the SEC are also available on ARCP's website at
www.americanrealtycapitalproperties.com, and copies of the documents filed by
ARCT III with the SEC are available on ARCT's website at www.arct-3.com.

Participants in Solicitation

ARCP, ARCT III, AR Capital, LLC and their respective directors and executive
officers may be deemed to be participants in the solicitation of proxies from
ARCP's and ARCT III's stockholders in respect of the proposed transaction.
Information regarding ARCP's directors and executive officers can be found in
ARCP's definitive proxy statement filed with the SEC on May 4, 2012, as
modified by ARCP's current report on Form 8-K filed with the SEC on October
17, 2012. Information regarding ARCT III's directors and executive officers
can be found in ARCT III's definitive proxy statement filed with the SEC on
April25, 2012, as modified by ARCT III's current report on Form 8-K filed
with the SEC on July 13, 2012. Stockholders may obtain additional information
regarding the interests of such potential participants in the proposed merger,
which may be different than those of ARCP's and ARCT III's stockholders
generally, by reading the definitive proxy statement filed in connection with
the proposed merger with the SEC on January 22, 2013 and other relevant
documents regarding the proposed merger filed with the SEC. These documents
are available free of charge on the SEC's website and from ARCP or ARCT III,
as applicable, using the sources indicated above.

Forward-Looking Statements

Information set forth herein (including information included or incorporated
by reference herein) contains "forward-looking statements" (as defined in
Section 21E of the Securities Exchange Act of 1934, as amended), which reflect
ARCP's and ARCT III's expectations regarding future events. The
forward-looking statements involve a number of risks, uncertainties and other
factors that could cause actual results to differ materially from those
contained in the forward-looking statements. Such forward-looking statements
include, but are not limited to whether and when the transactions contemplated
by the merger agreement will be consummated, the new combined company's plans,
market and other expectations, objectives, intentions, as well as any
expectations or projections with respect to the combined company, including
regarding future dividends and market valuations, and estimates of growth,
including FFO and AFFO, and other statements that are not historical facts.

The following additional factors, among others, could cause actual results to
differ from those set forth in the forward-looking statements: the ability of
ARCP and ARCT III to obtain the stockholder approvals required to consummate
the proposed merger; market volatility, unexpected costs or unexpected
liabilities that may arise from the transaction, whether or not consummated;
the inability to retain key personnel; continuation or deterioration of
current market conditions; whether or not ARCP common stock will be included
in REIT and public exchange indices; uncertainty regarding the level of demand
for ARCP common stock that inclusion in such indices would generate; future
regulatory or legislative actions that could adversely affect the companies;
and the business plans of the tenants of the respective parties. Additional
factors that may affect future results are contained in ARCP's and ARCT III's
filings with the SEC, which are available at the SEC's website at www.sec.gov.
ARCP and ARCT III disclaim any obligation to update and revise statements
contained in these materials based on new information or otherwise.



SOURCE American Realty Capital Properties, Inc.; American Realty Capital Trust
III, Inc.

Website: http://www.americanrealtycapitalproperties.com
Website: http://www.arct-3.com
Contact: Investors: Scott Winter / Jennifer Shotwell, Innisfree M&A
Incorporated, +1-212-750-5833, Brian S. Block, AR Capital, LLC,
+1-212-415-6500; Media: Michael Freitag / Jonathan Keehner, Joele Frank,
Wilkinson Brimmer Katcher, +1-212-355-4449
 
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