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American Realty Capital Trust, Inc. Announces Public Follow-On Offering of $325 Million Shares of Common Stock and Secures Two Credit Facilities

The Company recently announced it had entered into an agreement with its advisor providing there would be no charge to its shareholders, i.e., no "internalization fee," in the event it were to list its shares on an exchange and the advisory functions were to be "internalized" within the Company. In the continuing spirit of "best practices," the Company intends to create a liquidity event for its shareholders as soon as reasonably practicable following the expiration of its follow on offering to its initial public offering. In no event will the Company raise in excess of $1.5 billion, excluding any funds from the distribution reinvestment plan.

On July 27th, the Company entered into a credit agreement with Capital One, N.A., providing for a secured revolving line of credit in the amount of $30,000,000. On August 5^th, the Company also entered into a credit agreement with U.S. Bank for a secured revolving line of credit in the amount of $20,000,000 which will automatically increase to $30,000,000 six months after closing. Therefore, the Company will have access to a total of $60,000,000 under both facilities once they are fully collateralized. The Company will use the funds available to make ongoing property acquisitions. The interest rate on both credit facilities floats at LIBOR + 325 (as of July 27, 2010, the rate would be 3.575%); both credit facilities are interest only. The credit facilities have initial terms of 30 months and 24 months respectively; both facilities have a onetime extension option of one year.

As part of its commitment to full disclosure, transparency in reporting and shareholder first practices, the Company offers quarterly "Scorecards" to track important portfolio metrics, invites active and ongoing reviews of its performance, and seeks meaningful and objective analysis of its ability to execute on its investment objectives. To that end, ARCT retains leading third party diligence analysts and authorities in the non-traded REIT industry to conduct thorough independent reviews of the Company's operations.

American Realty Capital is a real estate finance and investment firm founded by Nicholas S. Schorsch and William M. Kahane. The two were behind the growth of American Financial Realty Trust, where they acquired over 1,500 properties valued at more than $5 billion. In the last five years, American Realty Capital's executive team has collectively negotiated and closed on over $7 billion of net-leased real estate. American Realty Capital sponsors American Realty Capital Trust, Inc., a publicly-registered, non-traded REIT acquiring single-tenant, freestanding properties net leased long term to investment grade and creditworthy tenants. Realty Capital Securities, LLC, member FINRA, SIPC, is the dealer-manager for ARCT.

This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors.

To arrange interviews with American Realty Capital executives, please contact Tony DeFazio at 484-532-7783 or tony@defaziocommunications.com.

This material does not constitute an offer to sell nor a solicitation of an offer to buy any securities described herein or otherwise. Only a prospectus for a specific securities offering makes such an offer. In that regard, the use of this material is authorized only when it is accompanied or preceded by a prospectus. Further, all information contained in this material is qualified by the terms of a current prospectus of the offering of securities to which it relates, if any.

This material may contain forward-looking statements that involve assumptions, uncertainties and risks, some of which are set forth below. These statements are not guarantees and should not be regarded as representations that the results or conditions described in such statements, or that our objectives and/or plans, will be achieved.

A real estate investment program offering is subject to the following risks: The failure to qualify, or maintain the requirements, to be taxed as a REIT would reduce the amount of income available for distribution and limit a REIT's ability to make distributions to its stockholders. No public market initially exists for a REIT's shares of common stock, and one may never exist for this or any other such type of real estate program. Securities are being offered on a best efforts basis. These are speculative securities and as such involve a high degree of risk. There are substantial conflicts among an offering and its sponsor, advisor, dealer manager and property manager. There is no assurance that the value of the real estate will be sufficient to return any portion of investors' original capital. Operating results will be affected by economic and regulatory changes that have an adverse impact on the real estate market and we cannot assure you that there will be growth in the value of the properties.

DeFazio Communications, LLC
Tony DeFazio, 484-532-7783
tony@defaziocommunications.com
or
American Realty Capital Trust
Brian Block, EVP & CFO, 212-415-6500
bblock@arlcap.com