American Realty Capital Trust III and American Realty Capital Properties Announce Election Deadline

   American Realty Capital Trust III and American Realty Capital Properties
                          Announce Election Deadline

PR Newswire

NEW YORK, Feb. 15, 2013

NEW YORK, Feb. 15, 2013 /PRNewswire/ --American Realty Capital Trust III,
Inc. ("ARCT III" or the "Company") and American Realty Capital Properties,
Inc. ("ARCP") (NASDAQ: ARCP) announced today that, in connection with their
proposed merger under which ARCP will acquire ARCT III, the deadline for ARCT
III stockholders to elect the form of consideration that they will receive
upon the close of the merger has been set for 5:00 P.M. ET on February 25,
2013.

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Elections can be made via the internet at www.proxyvote.com/tender or by
mailing a completed form of election which was previously mailed to each ARCT
III stockholder to Broadridge, Attn: Re-Organization Dept., 1981 Marcus
Avenue., Suite 100, Lake Success, NY 11042-1046. ARCT III stockholders should
note that a consideration election cannot be made by phone. If ARCT III
stockholders do not make an election, their ARCT III shares will be converted
into ARCP common stock upon the closing of the merger. If elections for cash
are made with respect to a number of shares of ARCT III common stock in excess
of 30% of the shares outstanding immediately prior to closing of the merger,
cash elections will be reduced on a pro rata basis, with the remaining
consideration paid in shares of ARCP.

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. A Special Meeting of ARCT III stockholders will be
held at 11:00am ET on February 26, 2013 at The Core Club located at 66 East
55th Street, New York, NY 10022. 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. A Special Meeting of ARCP stockholders will be held at
9:00am ET on February 26, 2013 at The Core Club located at 66 East 55th
Street, New York, NY 10022.

About ARCT 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 http://www.arct-3.com.

About ARCP

ARCP is a publicly traded Maryland corporation listed on The NASDAQ Stock
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.

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 Securities and Exchange Commission ("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 III's website at www.arct-3.com.

Participants in Solicitation

The Company, ARCP and their respective directors and executive officers may be
deemed to be participants in the solicitation of proxies from the Company's
and ARCP's stockholders in respect of the proposed merger. Information
regarding the Company's directors and executive officers can be found in the
Company's definitive proxy statement filed with the SEC on April 24, 2012.
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 and its
Current Report on Form 8-K filed with the SEC on October 16, 2012.
Stockholders may obtain additional information regarding the interests of the
Company and its directors and executive officers in the proposed merger, which
may be different than those of the Company'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 the Company or ARCP, 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 funds from operations and adjusted funds from operations, 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 Trust III, Inc.; American Realty Capital
Properties, Inc.

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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