SOURCE: American Realty Capital Trust, Inc.

January 28, 2008 18:05 ET

American Realty Capital Announces SEC Effectiveness

JENKINTOWN, PA--(Marketwire - January 28, 2008) - American Realty Capital Trust, Inc. is pleased to announce today that the Securities and Exchange Commission declared the Company's registration statement effective, as filed on Form S-11.

American Realty Capital Trust, Inc., led by chief executive and chairman Nicholas S. Schorsch, is a newly organized Maryland corporation that will invest primarily in freestanding, single-tenant retail properties net leased to investment grade and other creditworthy tenants on a long-term basis.

American Realty Capital Trust, Inc. is offering up to $1.5 billion or 150,000,000 shares of our common stock in our primary best efforts offering for $10.00 per share.

"With public equities markets and real estate stocks taking a beating, specialized non-traded REITs are poised to capitalize on the volatility," says Nicholas S. Schorsch, chairman and chief executive of American Realty Capital Trust, Inc. "Investors are focusing on direct real estate investments, providing asset class diversification with little correlation to securities traded on the public exchanges. Our investment model provides stable income, attractive asset valuation with growth potential, and protection from market gyrations associated with publicly traded REITs. By purchasing assets at or below replacement cost and at or below current market rents, we ensure that we will not overpay for our real estate."

Our acquisitions meet the following investment criteria:

--  provide stable and predictable income, with maximum current yield;

--  are diversified across credits, industry segments, product types
    and geographies, assuring the security diversification affords;

--  offer returns comparable to equity with the security of fixed-
    income assets;

--  are purchased at or below replacement cost and at or below current
    market rents, and;

--  furnish income growth through contractual rent increases.

About American Realty Capital Trust, Inc.

American Realty Capital Trust, Inc. is an externally managed Maryland corporation that intends to qualify as a real estate investment trust beginning with the taxable year that will end December 31, 2008. The Company expects to acquire and operate a portfolio of commercial real estate primarily consisting of freestanding, single-tenant properties net leased to investment grade and other creditworthy tenants located throughout the United States and Commonwealth of Puerto Rico. Because we have not yet identified any specific properties to purchase, we are considered to be a blind pool.

Our corporate offices are located at 1725 The Fairway, Jenkintown, PA 19046. Our telephone number is 215-887-2189 and our fax number is 215-887-2585.

Our executive offices are located at 405 Park Avenue, New York, New York 10022. Our telephone number is 212-415-6500 and our fax number is 212-421-5799.

Our regional sales offices are located at Three Copley Place, Suite 3300, Boston, MA 02116. Our telephone number is 877-373-2522 and our fax number is 857-207-3399.

For more information on American Realty Capital Trust, Inc. visit the Company's website at http://www.americanrealtycap.com.

Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words "expects," "anticipates," "estimates," "intends," "believes" and similar expressions that do not relate to historical information. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks and uncertainties which are, in some cases, beyond the Company's control and could materially affect actual results, performance or achievements. These risks and uncertainties include the risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, and include, without limitation, changes in general economic conditions and the extent of any tenant bankruptcies and insolvencies; the Company's ability to maintain and increase occupancy; the Company's ability to timely lease or re-lease space at anticipated net effective rents; the cost and availability of debt and equity financing; and the Company's ability to acquire and dispose of certain of its assets from time to time on acceptable terms. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Contact Information

  • Contact:

    Brian Block
    (212) 415-6500
    405 Park Avenue, 15th Floor
    New York, NY 10022