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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, DC 20549</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">_________________</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;8-K</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section&nbsp;13 or
15(d)&nbsp;of the</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of report (Date of earliest
event reported): <B>March 9, 2012 (March 7, 2012)</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>American Realty Capital &ndash;
Retail Centers of America, Inc.</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified
in Its Charter)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Maryland</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or Other Jurisdiction of Incorporation)</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 49%; vertical-align: top; padding-right: 3.2pt; line-height: 115%; font-weight: bold; text-align: center"><B>333-169355</B></TD>
    <TD STYLE="width: 3%; vertical-align: bottom; padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 48%; vertical-align: top; padding-right: 3.2pt; line-height: 115%; font-weight: bold; text-align: center"><B>27-3279039</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 3.2pt; line-height: 115%; text-align: center">(Commission File Number)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.2pt; line-height: 115%; text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>
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    <TD STYLE="width: 100%">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 2.4pt 0pt 0; text-align: center"><B>405 Park Avenue, 15th
        Floor</B></P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 2.4pt 0pt 0; text-align: center"><B>New York, New York 10022</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.2pt; line-height: 115%; font-size: 10pt; text-align: center">(Address, including zip code, of Principal Executive Offices)&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; line-height: 115%; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.4pt; line-height: 115%; font-size: 10pt; font-weight: bold; text-align: center"><B>(212) 415-6500</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.4pt; line-height: 115%; font-size: 10pt; text-align: center">(Registrant&rsquo;s Telephone Number, Including Area Code)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; line-height: 115%; font-size: 10pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form&nbsp;8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see
General Instruction A.2. below):</P>

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    <TD STYLE="width: 95%; padding-right: 3.2pt; padding-left: 9pt; line-height: 115%">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.2pt; padding-left: 9pt; line-height: 115%"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="padding-right: 3.2pt; padding-left: 9pt; line-height: 115%">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.2pt; padding-left: 9pt; line-height: 115%"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="padding-right: 3.2pt; padding-left: 9pt; line-height: 115%">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.2pt; padding-left: 9pt; line-height: 115%"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="padding-right: 3.2pt; padding-left: 9pt; line-height: 115%">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 1.01.</B></TD><TD STYLE="text-align: justify"><B>Entry into a Material Definitive Agreement.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On March 7, 2012, the board of directors
of American Realty Capital &ndash; Retail Centers of America, Inc. (the &ldquo;Company&rdquo;) ratified the Company&rsquo;s entry,
through its sponsor, American Realty Capital IV, LLC, into a purchase and sale agreement to acquire the fee-simple interest in
the Liberty Crossing Shopping Center, located in Rowlett, Texas. The seller of the property is NWC Liberty Grove &amp; SH 66, Ltd.
The seller does not have a material relationship with the Company and the acquisition is not an affiliated transaction.&nbsp;&nbsp;Although
the Company believes that the acquisition of the property is probable, there can be no assurance that the acquisition will be consummated.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the terms of the purchase
and sale agreement, the Company&rsquo;s obligation to close upon the acquisition is subject to the satisfactory completion of a
due diligence review of the property, in addition to other customary conditions to closing. The purchase and sale agreement contains
customary representations and warranties by the seller.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Liberty Crossing Shopping
Center contains approximately 105,861 rentable square feet and is 95% leased to 16 tenants. Three tenants, Ross Stores, Inc.
(NASDAQ: ROST), PetSmart, Inc. (NASDAQ: PETM), each of which are rated by major credit rating agencies, and Dollar Tree, Inc.
(NASDAQ: DLTR), represent 40% of the in-place net operating income of the property.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The lease to Ross Stores, Inc. commenced
in October 2008, has an 11-year term and expires in January 2019.&nbsp;&nbsp;The lease contains a rental escalation of 5% in 2014.
The lease contains four renewal options of five years each.&nbsp;&nbsp;The lease is net whereby the tenant is required to pay substantially
all operating expenses, including all costs to maintain and repair the roof and structure of the building, in addition to base
rent.&nbsp;&nbsp;The annualized rental income for the initial lease term is approximately $290,400.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The lease to PetSmart, Inc. commenced
in December 2008, has a 10-year term and expires in November 2018.&nbsp;&nbsp;The lease contains a rental escalation of 6% in 2014.
The lease contains four renewal options of five years each.&nbsp;&nbsp;The lease is net whereby the tenant is required to pay substantially
all operating expenses, including all costs to maintain and repair the roof and structure of the building, in addition to base
rent.&nbsp;&nbsp;The annualized rental income for the initial lease term is approximately $248,100.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The lease to Dollar Tree, Inc. commenced
in August 2008, has a 10-year term and expires in July 2018.&nbsp;&nbsp;The lease contains no rental escalations. The lease contains
two renewal options of five years each.&nbsp;&nbsp;The lease is net whereby the tenant is required to pay substantially all operating
expenses, including all costs to maintain and repair the roof and structure of the building, in addition to base rent.&nbsp;&nbsp;The
annualized rental income for the initial lease term is approximately $115,000.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The contract purchase price of
Liberty Crossing Shopping Center is approximately $22.2 million, exclusive of closing costs. The Company intends to fund 20%
of the purchase price with proceeds from the Company&rsquo;s ongoing initial public offering and the remainder with a first
mortgage loan at an estimated 55% loan-to-value ratio and mezzanine debt at an estimated 25% loan-to-value ratio. There is no
assurance that the Company will be able to secure financing on terms that it deems favorable or at all.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A copy of the press release announcing
the entry into a purchase and sale agreement for the Liberty Crossing Shopping Center is included as Exhibit 99.1 to this Current
Report on Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item</B> <B>5.02</B></TD><TD STYLE="text-align: justify"><B>Departure of Directors or Principal Officers;
Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Effective March 7, 2012,
William M. Kahane resigned as President and Chief Operating Officer of the Company, as a result of Mr. Kahane&rsquo;s
appointment as President and Chief Executive Officer of American Realty Capital Trust, Inc. (&ldquo;ARCT&rdquo;). On March 1,
2012, ARCT internalized the management services previously provided by its affiliates and ARCT&rsquo;s common stock was
listed on The NASDAQ Global Select Market. Mr. Kahane will remain as a member of the Board of Directors of the Company.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Simultaneous with Mr. Kahane&rsquo;s
resignation, the Board of Directors of the Company appointed Edward M. Weil, Jr., currently the Company&rsquo;s Executive Vice
President and Secretary, as President, Chief Operating Officer and Secretary, effective March 7, 2012, in accordance with the terms
of the Company&rsquo;s Bylaws. Mr. Weil has been Executive Vice President and Secretary of the Company since its formation in August
2010.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Weil, 44, was also executive
vice president of the Company&rsquo;s advisor since its formation in May 2010 and became president, chief executive officer and
secretary of the Company&rsquo;s advisor in March 2012. Mr. Weil has been the chief executive officer of Realty Capital Securities,
LLC, a broker-dealer registered with FINRA, since December 2010. Mr. Weil also was the executive vice president and secretary of
ARCT and executive vice president of the ARCT advisor and the ARCT property manager from their formation in August 2007 through
February 2012. Mr. Weil has also been executive vice president and secretary of American Realty Capital New York Recovery REIT,
Inc. (&ldquo;NYRR&rdquo;) since its formation in October 2009 and executive vice president of the NYRR property manager and the
NYRR advisor since their formation in November 2009. Mr. Weil also was executive vice president and secretary of American Realty
Capital Properties, Inc. (&ldquo;ARCP&rdquo;) from its formation in December 2010 through February 2012 and executive vice president
and secretary of its advisor from its formation in November 2010 through February 2012. Mr. Weil became president, chief operating
officer, secretary and treasurer and a director of ARCP and president, chief operating officer, secretary and treasurer of the
ARCP manager in March 2012. He also was executive vice president and secretary of American Realty Capital Healthcare Trust, Inc.
(&ldquo;ARC HC&rdquo;) since its formation in August 2010 and executive vice president and secretary of the ARC HC advisor and
property manager since their formation in August 2010. Mr. Weil became president, chief operating officer and secretary of ARC
HC and the ARC HC advisor and property manager in March 2012. Mr. Weil has served as executive vice president and secretary of
American Realty Capital III, Inc. (&ldquo;ARCT III&rdquo;) since its formation in October 2010, and has served as president, chief
operating officer, secretary, treasurer and a director of ARCT III since February 2012. Mr. Weil served as executive vice president
and secretary of the ARCT III advisor and property manager since their formation in October 2010 and has served as president, chief
operating officer, secretary and treasurer of the ARCT III advisor and property manager since March 2012. Mr. Weil also was executive
vice president and secretary of American Realty Capital Daily Net Asset Value Trust, Inc. (&ldquo;ARC DNAV&rdquo;) from its formation
in September 2010 through February 2012 and executive vice president and secretary of its advisor and property manager from their
formation in September 2010 through February 2012. Mr. Weil became president, chief operating officer, secretary, treasurer and
a director of ARC DNAV and president, chief operating officer, secretary and treasurer of the ARC DNAV advisor and property manager
in March 2012. From October 2006 to May 2007, Mr. Weil was managing director of Milestone Partners Limited. He was formerly the
senior vice president of sales and leasing for American Financial Realty Trust (as well as for its predecessor, American Realty
Financial Group) from April 2004 to October 2006, where he was responsible for the disposition and leasing activity for a 33 million
square-foot portfolio of properties. Under the direction of Mr. Weil, his department was the sole contributor in the increase of
occupancy and portfolio revenue through the sales of over 200 properties and the leasing of over 2.2 million square feet, averaging
325,000 square feet of newly executed leases per quarter. From July 1987 to April 2004, Mr. Weil was president of Plymouth Pump
&amp; Systems Co. Mr. Weil attended George Washington University. Mr. Weil holds FINRA Series 7, 24 and 63 licenses.&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 8.01.</B></TD><TD STYLE="text-align: justify"><B>Other Events.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On March 9, 2012, the Company announced
that it broke escrow and issued shares of common stock to American
Realty Capital IV, LLC, the Company&rsquo;s sponsor, which purchased $2.0 million of the Company&rsquo;s shares of common stock
at a purchase price of $9.00 per share. Subscriptions from residents of Tennessee or Pennsylvania will be held in escrow until
the Company has received aggregate subscriptions of at least $20 million and $75 million, respectively.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The board of directors previously
declared a distribution rate which will be calculated based on stockholders of record each day during the applicable period at
a rate of $0.0017534247 per day. The distributions will be payable by the 5th day following each month end to stockholders of record at the close
of business each day during the prior month. As a result of the escrow break and the potential property acquisition described above,
the Company expects that distributions will begin to accrue 30 days following the closing of the acquisition of the Liberty Crossing
Shopping Center.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A copy of the press release announcing
the escrow break and distribution information is included as Exhibit 99.1 to this Current Report on Form 8-K.&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 9.01.</B></TD><TD STYLE="text-align: justify"><B>Financial Statements and Exhibits</B></TD>
</TR></TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(d)</TD><TD STYLE="text-align: justify"><B>Exhibits</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; padding-right: 0; padding-left: 0; font-size: 10pt; font-weight: bold"><U>Exhibit No.</U></TD>
    <TD STYLE="width: 88%; padding-right: 0; padding-left: 0; font-size: 10pt; font-weight: bold"><U>Description</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 10pt">99.1</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 10pt">Press Release, dated March 9, 2012</TD></TR>
</TABLE>


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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</P>

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    <TD COLSPAN="3" STYLE="padding-right: 11.2pt; padding-left: 9pt; line-height: 115%; font-weight: bold"><B>AMERICAN REALTY CAPITAL &ndash; RETAIL CENTERS OF AMERICA, INC.</B></TD></TR>
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    <TD STYLE="padding-right: 3.2pt; line-height: 115%">Date: March 9, 2012</TD>
    <TD STYLE="padding-right: 3.2pt; padding-left: 9pt; line-height: 115%">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; padding-right: 0.1in; line-height: 115%">/s/ Nicholas S. Schorsch&nbsp;</TD></TR>
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    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.2pt; line-height: 115%">Name:</TD>
    <TD STYLE="padding-right: 3.2pt; line-height: 115%">Nicholas S. Schorsch</TD></TR>
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    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.2pt; line-height: 115%">Title:</TD>
    <TD>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 3.2pt 0pt 0">Chief Executive Officer and</P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 3.2pt 0pt 0">Chairman of the Board of Directors</P></TD></TR>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or
15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest
event reported):
March 9, 2012 (March 7, 2012)
American Realty Capital –
Retail Centers of America, Inc.
(Exact Name of Registrant as Specified
in Its Charter)
Maryland
(State or Other Jurisdiction of Incorporation)
333-169355
27-3279039
(Commission File Number)
(IRS Employer Identification No.)
405 Park Avenue, 15th
        Floor
New York, New York 10022
(Address, including zip code, of Principal Executive Offices)
(212) 415-6500
(Registrant's Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see
General Instruction A.2. below):
£
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01.
Entry into a Material Definitive Agreement.
On March 7, 2012, the board of directors
of American Realty Capital – Retail Centers of America, Inc. (the "Company") ratified the Company's entry,
through its sponsor, American Realty Capital IV, LLC, into a purchase and sale agreement to acquire the fee-simple interest in
the Liberty Crossing Shopping Center, located in Rowlett, Texas. The seller of the property is NWC Liberty Grove & SH 66, Ltd.
The seller does not have a material relationship with the Company and the acquisition is not an affiliated transaction.  Although
the Company believes that the acquisition of the property is probable, there can be no assurance that the acquisition will be consummated.
Pursuant to the terms of the purchase
and sale agreement, the Company's obligation to close upon the acquisition is subject to the satisfactory completion of a
due diligence review of the property, in addition to other customary conditions to closing. The purchase and sale agreement contains
customary representations and warranties by the seller.
The Liberty Crossing Shopping
Center contains approximately 105,861 rentable square feet and is 95% leased to 16 tenants. Three tenants, Ross Stores, Inc.
(NASDAQ: ROST), PetSmart, Inc. (NASDAQ: PETM), each of which are rated by major credit rating agencies, and Dollar Tree, Inc.
(NASDAQ: DLTR), represent 40% of the in-place net operating income of the property.
The lease to Ross Stores, Inc. commenced
in October 2008, has an 11-year term and expires in January 2019.  The lease contains a rental escalation of 5% in 2014.
The lease contains four renewal options of five years each.  The lease is net whereby the tenant is required to pay substantially
all operating expenses, including all costs to maintain and repair the roof and structure of the building, in addition to base
rent.  The annualized rental income for the initial lease term is approximately $290,400.
The lease to PetSmart, Inc. commenced
in December 2008, has a 10-year term and expires in November 2018.  The lease contains a rental escalation of 6% in 2014.
The lease contains four renewal options of five years each.  The lease is net whereby the tenant is required to pay substantially
all operating expenses, including all costs to maintain and repair the roof and structure of the building, in addition to base
rent.  The annualized rental income for the initial lease term is approximately $248,100.
The lease to Dollar Tree, Inc. commenced
in August 2008, has a 10-year term and expires in July 2018.  The lease contains no rental escalations. The lease contains
two renewal options of five years each.  The lease is net whereby the tenant is required to pay substantially all operating
expenses, including all costs to maintain and repair the roof and structure of the building, in addition to base rent.  The
annualized rental income for the initial lease term is approximately $115,000.
The contract purchase price of
Liberty Crossing Shopping Center is approximately $22.2 million, exclusive of closing costs. The Company intends to fund 20%
of the purchase price with proceeds from the Company's ongoing initial public offering and the remainder with a first
mortgage loan at an estimated 55% loan-to-value ratio and mezzanine debt at an estimated 25% loan-to-value ratio. There is no
assurance that the Company will be able to secure financing on terms that it deems favorable or at all.
A copy of the press release announcing
the entry into a purchase and sale agreement for the Liberty Crossing Shopping Center is included as Exhibit 99.1 to this Current
Report on Form 8-K.
Item
5.02
Departure of Directors or Principal Officers;
Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers
Effective March 7, 2012,
William M. Kahane resigned as President and Chief Operating Officer of the Company, as a result of Mr. Kahane's
appointment as President and Chief Executive Officer of American Realty Capital Trust, Inc. ("ARCT"). On March 1,
2012, ARCT internalized the management services previously provided by its affiliates and ARCT's common stock was
listed on The NASDAQ Global Select Market. Mr. Kahane will remain as a member of the Board of Directors of the Company.
Simultaneous with Mr. Kahane's
resignation, the Board of Directors of the Company appointed Edward M. Weil, Jr., currently the Company's Executive Vice
President and Secretary, as President, Chief Operating Officer and Secretary, effective March 7, 2012, in accordance with the terms
of the Company's Bylaws. Mr. Weil has been Executive Vice President and Secretary of the Company since its formation in August
2010.
Mr. Weil, 44, was also executive
vice president of the Company's advisor since its formation in May 2010 and became president, chief executive officer and
secretary of the Company's advisor in March 2012. Mr. Weil has been the chief executive officer of Realty Capital Securities,
LLC, a broker-dealer registered with FINRA, since December 2010. Mr. Weil also was the executive vice president and secretary of
ARCT and executive vice president of the ARCT advisor and the ARCT property manager from their formation in August 2007 through
February 2012. Mr. Weil has also been executive vice president and secretary of American Realty Capital New York Recovery REIT,
Inc. ("NYRR") since its formation in October 2009 and executive vice president of the NYRR property manager and the
NYRR advisor since their formation in November 2009. Mr. Weil also was executive vice president and secretary of American Realty
Capital Properties, Inc. ("ARCP") from its formation in December 2010 through February 2012 and executive vice president
and secretary of its advisor from its formation in November 2010 through February 2012. Mr. Weil became president, chief operating
officer, secretary and treasurer and a director of ARCP and president, chief operating officer, secretary and treasurer of the
ARCP manager in March 2012. He also was executive vice president and secretary of American Realty Capital Healthcare Trust, Inc.
("ARC HC") since its formation in August 2010 and executive vice president and secretary of the ARC HC advisor and
property manager since their formation in August 2010. Mr. Weil became president, chief operating officer and secretary of ARC
HC and the ARC HC advisor and property manager in March 2012. Mr. Weil has served as executive vice president and secretary of
American Realty Capital III, Inc. ("ARCT III") since its formation in October 2010, and has served as president, chief
operating officer, secretary, treasurer and a director of ARCT III since February 2012. Mr. Weil served as executive vice president
and secretary of the ARCT III advisor and property manager since their formation in October 2010 and has served as president, chief
operating officer, secretary and treasurer of the ARCT III advisor and property manager since March 2012. Mr. Weil also was executive
vice president and secretary of American Realty Capital Daily Net Asset Value Trust, Inc. ("ARC DNAV") from its formation
in September 2010 through February 2012 and executive vice president and secretary of its advisor and property manager from their
formation in September 2010 through February 2012. Mr. Weil became president, chief operating officer, secretary, treasurer and
a director of ARC DNAV and president, chief operating officer, secretary and treasurer of the ARC DNAV advisor and property manager
in March 2012. From October 2006 to May 2007, Mr. Weil was managing director of Milestone Partners Limited. He was formerly the
senior vice president of sales and leasing for American Financial Realty Trust (as well as for its predecessor, American Realty
Financial Group) from April 2004 to October 2006, where he was responsible for the disposition and leasing activity for a 33 million
square-foot portfolio of properties. Under the direction of Mr. Weil, his department was the sole contributor in the increase of
occupancy and portfolio revenue through the sales of over 200 properties and the leasing of over 2.2 million square feet, averaging
325,000 square feet of newly executed leases per quarter. From July 1987 to April 2004, Mr. Weil was president of Plymouth Pump
& Systems Co. Mr. Weil attended George Washington University. Mr. Weil holds FINRA Series 7, 24 and 63 licenses.
Item 8.01.
Other Events.
On March 9, 2012, the Company announced
that it broke escrow and issued shares of common stock to American
Realty Capital IV, LLC, the Company's sponsor, which purchased $2.0 million of the Company's shares of common stock
at a purchase price of $9.00 per share. Subscriptions from residents of Tennessee or Pennsylvania will be held in escrow until
the Company has received aggregate subscriptions of at least $20 million and $75 million, respectively.
The board of directors previously
declared a distribution rate which will be calculated based on stockholders of record each day during the applicable period at
a rate of $0.0017534247 per day. The distributions will be payable by the 5th day following each month end to stockholders of record at the close
of business each day during the prior month. As a result of the escrow break and the potential property acquisition described above,
the Company expects that distributions will begin to accrue 30 days following the closing of the acquisition of the Liberty Crossing
Shopping Center.
A copy of the press release announcing
the escrow break and distribution information is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01.
Financial Statements and Exhibits
(d)
Exhibits
Exhibit No.
Description
99.1
Press Release, dated March 9, 2012
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
AMERICAN REALTY CAPITAL – RETAIL CENTERS OF AMERICA, INC.
Date: March 9, 2012
By:
/s/ Nicholas S. Schorsch
Name:
Nicholas S. Schorsch
Title:
Chief Executive Officer and
Chairman of the Board of Directors