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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">PURSUANT TO SECTION 13 OR 15(d) OF THE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported):
<B>November 10, 2011</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>American Realty Capital Healthcare Trust,
Inc.</B></P>

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

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

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    <TD STYLE="width: 34%; border-bottom: black 1.5pt solid; padding-right: 2.4pt; line-height: 115%; font-weight: bold; text-align: center"><B>Maryland</B></TD>
    <TD STYLE="width: 2%; padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 31%; border-bottom: black 1.5pt solid; padding-right: 2.4pt; line-height: 115%; font-weight: bold; text-align: center"><B>333-169075</B></TD>
    <TD STYLE="width: 2%; padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 31%; border-bottom: black 1.5pt solid; padding-right: 2.4pt; line-height: 115%; font-weight: bold; text-align: center"><B>27-3306391</B></TD></TR>
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    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.4pt 0 0; text-align: center">(State or other jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.4pt 0 0; text-align: center">of incorporation or organization)</P></TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 2.4pt; line-height: 115%; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.4pt 0 0; text-align: center">(I.R.S. Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.4pt 0 0; text-align: center">Identification No.)</P></TD></TR>
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    <TD STYLE="width: 100%; border-bottom: black 1.5pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.4pt 0 0; text-align: center"><B>405 Park Avenue</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.4pt 0 0; text-align: center"><B>New York, New York 10022</B></P></TD></TR>
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    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.4pt 0 0; text-align: center">(Address, including zip code, of Principal
        Executive Offices)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.4pt 0 0; text-align: center">Registrant's telephone number, including
        area code: (212) 415-6500</P></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Halvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Halvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

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<P STYLE="font: 10pt Calibri, Halvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Halvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">
&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 1.01. Entry into a Material Definitive Agreement</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Methodist North Medical Office Building</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On November 10, 2011, the board of directors of American Realty
Capital Healthcare Trust, Inc. (the &ldquo;Company&rdquo;) ratified the Company&rsquo;s entry, through its sponsor, American Realty
Capital V, LLC, into a purchase and sale agreement to acquire a ground leasehold interest in a three-story outpatient center leased
to Methodist Services, Inc., an Illinois not for profit corporation (&ldquo;Methodist&rdquo;), and located in Peoria, Illinois.
Methodist is a subsidiary of the ground lease guarantor, Methodist Health Services Corporation. The seller of the ground leasehold
interest is Peoria MOB Owners LLC. The seller does not have a material relationship with the Company and the acquisition was not
an affiliated transaction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to the purchase and sale agreement, with an effective date
of August 11, 2011, as amended on September 12, 2011, September 20, 2011 and September 23, 2011, the Company&rsquo;s obligation
to close upon the acquisition of the ground leasehold interest is subject to customary conditions to closing. Accordingly, as of
the date of this report, and until the closing of the purchase of the ground leasehold interest, there can be no assurance that
the Company will acquire the ground leasehold interest. The purchase and sale agreement contains customary representations and
warranties by the seller.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The contract purchase price of the ground leasehold interest is
approximately $24.6 million, exclusive of closing costs, at a capitalization rate of 7.95% (calculated by dividing annualized rental
income on a straight-line basis less estimated property operating costs by the purchase price). The Company intends to fund 45%
of the purchase price with proceeds from its ongoing initial public offering and the remaining 55% with a first mortgage loan from
a lender yet to be identified at an estimated 55% 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: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The property was completed in January 2010 and contains approximately
73,000 rentable square feet. The property is 100% leased to Methodist pursuant to two tenant leases. The tenant leases require
annualized straight-line rental income of approximately $1.2 million and expire in December 2024 and January 2025, respectively.
The tenant leases have no renewal options and contain annual contractual rental escalations of 2%. The tenant leases are double
net whereby Methodist is required to pay substantially all operating expenses, excluding any costs to maintain and repair the roof
and structure of the building, in addition to base rent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The ground lease, which commenced in July 2008, has an initial term
of 50 years that expires in July 2058. The ground lease contains annual contractual rental escalations of 2%. The ground lease
contains two 25-year renewal options. The ground lease is full service gross whereby the tenant of the ground leasehold interest
is required to pay substantially all operating expenses, including any costs to maintain and repair the roof and structure of the
building, in addition to base rent. The annualized straight-line rent for the ground lease term will be approximately $13,000.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><I>Odessa Regional Medical Center</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On November 10, 2011, the board of directors of American Realty
Capital Healthcare Trust, Inc. (the &ldquo;Company&rdquo;) ratified the Company&rsquo;s entry, through its sponsor, American Realty
Capital V, LLC, into a purchase and sale agreement to acquire a ground leasehold interest in an on-campus medical office building
leased to Odessa Regional Hospital, LP (&ldquo;Odessa Regional&rdquo;) and located in Odessa, Texas. Odessa Regional is a subsidiary
of the guarantor, IASIS Healthcare Corporation. The seller of the ground leasehold interest is Odessa MOB Owners LLC. The seller
does not have a material relationship with the Company and the acquisition was not an affiliated transaction.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Pursuant to the purchase and sale agreement, with an effective date
of August 11, 2011, as amended on September 12, 2011, September 20, 2011 and September 23, 2011, the Company&rsquo;s obligation
to close upon the acquisition of the ground leasehold interest is subject to customary conditions to closing. Accordingly, as of
the date of this report, and until the closing of the purchase of the ground leasehold interest, there can be no assurance that
the Company will acquire the ground leasehold interest. The purchase and sale agreement contains customary representations and
warranties by the seller.</P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The contract purchase price of the ground leasehold interest is
approximately $7.4 million, exclusive of closing costs, at a capitalization rate of 8.12% (calculated by dividing annualized rental
income on a straight-line basis less estimated property operating costs by the purchase price). The Company intends to fund 45%
of the purchase price with proceeds from its ongoing initial public offering and the remaining 55% with a first mortgage loan from
a lender yet to be identified at an estimated 55% 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: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The property was completed in June 2008 and contains approximately
39,000 rentable square feet. The property is 100% leased to Odessa Regional. The tenant lease requires annualized straight-line
rental income of approximately $0.6 million and expires in May 2023. The tenant lease has no renewal options and contains annual
contractual rental escalations of 2%. The tenant lease is double net whereby Odessa Regional is required to pay substantially all
operating expenses, excluding any costs to maintain and repair the roof and structure of the building, in addition to base rent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The ground lease, which commenced in July 2007, has an initial term
of 50 years that expires in June 2057. The ground lease contains contractual rental escalations of 10% every five years. The ground
lease contains two 25-year renewal options. The ground lease is full service gross whereby the tenant of the ground leasehold interest
is required to pay substantially all operating expenses, including any costs to maintain and repair the roof and structure of the
building, in addition to base rent. The annualized straight-line rent for the ground lease term will be approximately $1,900.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

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

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    <TD STYLE="padding-right: 0.8pt; line-height: 115%; font-size: 11pt">&nbsp;</TD>
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 5.4pt 0 0"><B>AMERICAN REALTY CAPITAL HEALTHCARE TRUST, INC.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 51%; padding-right: 0.8pt; line-height: 115%; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="width: 3%; padding-right: 0.8pt; line-height: 115%; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="width: 34%; padding-right: 0.8pt; line-height: 115%; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 0.8pt; line-height: 115%; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.8pt; line-height: 115%; font-size: 11pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%; font-size: 11pt">By:</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; font-size: 11pt">/s/&nbsp;Nicholas S. Schorsch&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%; font-size: 11pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 2.4pt; line-height: 115%; font-size: 11pt">Date:&nbsp;November 17, 2011</TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%; font-size: 11pt">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.4pt 0 0">Nicholas S. Schorsch</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.4pt 0 0">Chief Executive Officer and</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 2.4pt 0 0">Chairman of the Board of Directors</P></TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%; font-size: 11pt">&nbsp;</TD></TR>
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{"company-data": {"conformed-name": "AMERICAN REALTY CAPITAL HEALTHCARE TRUST INC", "cik": "0001499875", "assigned-sic": "6798", "irs-number": "273306391", "state-of-incorporation": "MD"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-169075", "film-number": "111212477"}, "business-address": {"street1": "405 PARK AVENUE", "street2": "15TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "212 415 6500"}, "mail-address": {"street1": "405 PARK AVENUE", "street2": "15TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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):
November 10, 2011
American Realty Capital Healthcare Trust,
Inc.
(Exact Name of Registrant as Specified in Charter)
Maryland
333-169075
27-3306391
(State or other jurisdiction
of incorporation or organization)
(Commission File Number)
(I.R.S. Employer
Identification No.)
405 Park Avenue
New York, New York 10022
(Address, including zip code, of Principal
        Executive Offices)
Registrant's telephone number, including
        area code: (212) 415-6500
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:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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
Methodist North Medical Office Building
On November 10, 2011, the board of directors of American Realty
Capital Healthcare Trust, Inc. (the "Company") ratified the Company's entry, through its sponsor, American Realty
Capital V, LLC, into a purchase and sale agreement to acquire a ground leasehold interest in a three-story outpatient center leased
to Methodist Services, Inc., an Illinois not for profit corporation ("Methodist"), and located in Peoria, Illinois.
Methodist is a subsidiary of the ground lease guarantor, Methodist Health Services Corporation. The seller of the ground leasehold
interest is Peoria MOB Owners LLC. The seller does not have a material relationship with the Company and the acquisition was not
an affiliated transaction.
Pursuant to the purchase and sale agreement, with an effective date
of August 11, 2011, as amended on September 12, 2011, September 20, 2011 and September 23, 2011, the Company's obligation
to close upon the acquisition of the ground leasehold interest is subject to customary conditions to closing. Accordingly, as of
the date of this report, and until the closing of the purchase of the ground leasehold interest, there can be no assurance that
the Company will acquire the ground leasehold interest. The purchase and sale agreement contains customary representations and
warranties by the seller.
The contract purchase price of the ground leasehold interest is
approximately $24.6 million, exclusive of closing costs, at a capitalization rate of 7.95% (calculated by dividing annualized rental
income on a straight-line basis less estimated property operating costs by the purchase price). The Company intends to fund 45%
of the purchase price with proceeds from its ongoing initial public offering and the remaining 55% with a first mortgage loan from
a lender yet to be identified at an estimated 55% 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.
The property was completed in January 2010 and contains approximately
73,000 rentable square feet. The property is 100% leased to Methodist pursuant to two tenant leases. The tenant leases require
annualized straight-line rental income of approximately $1.2 million and expire in December 2024 and January 2025, respectively.
The tenant leases have no renewal options and contain annual contractual rental escalations of 2%. The tenant leases are double
net whereby Methodist is required to pay substantially all operating expenses, excluding any costs to maintain and repair the roof
and structure of the building, in addition to base rent.
The ground lease, which commenced in July 2008, has an initial term
of 50 years that expires in July 2058. The ground lease contains annual contractual rental escalations of 2%. The ground lease
contains two 25-year renewal options. The ground lease is full service gross whereby the tenant of the ground leasehold interest
is required to pay substantially all operating expenses, including any costs to maintain and repair the roof and structure of the
building, in addition to base rent. The annualized straight-line rent for the ground lease term will be approximately $13,000.
Odessa Regional Medical Center
On November 10, 2011, the board of directors of American Realty
Capital Healthcare Trust, Inc. (the "Company") ratified the Company's entry, through its sponsor, American Realty
Capital V, LLC, into a purchase and sale agreement to acquire a ground leasehold interest in an on-campus medical office building
leased to Odessa Regional Hospital, LP ("Odessa Regional") and located in Odessa, Texas. Odessa Regional is a subsidiary
of the guarantor, IASIS Healthcare Corporation. The seller of the ground leasehold interest is Odessa MOB Owners LLC. The seller
does not have a material relationship with the Company and the acquisition was not an affiliated transaction.
Pursuant to the purchase and sale agreement, with an effective date
of August 11, 2011, as amended on September 12, 2011, September 20, 2011 and September 23, 2011, the Company's obligation
to close upon the acquisition of the ground leasehold interest is subject to customary conditions to closing. Accordingly, as of
the date of this report, and until the closing of the purchase of the ground leasehold interest, there can be no assurance that
the Company will acquire the ground leasehold interest. The purchase and sale agreement contains customary representations and
warranties by the seller.
The contract purchase price of the ground leasehold interest is
approximately $7.4 million, exclusive of closing costs, at a capitalization rate of 8.12% (calculated by dividing annualized rental
income on a straight-line basis less estimated property operating costs by the purchase price). The Company intends to fund 45%
of the purchase price with proceeds from its ongoing initial public offering and the remaining 55% with a first mortgage loan from
a lender yet to be identified at an estimated 55% 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.
The property was completed in June 2008 and contains approximately
39,000 rentable square feet. The property is 100% leased to Odessa Regional. The tenant lease requires annualized straight-line
rental income of approximately $0.6 million and expires in May 2023. The tenant lease has no renewal options and contains annual
contractual rental escalations of 2%. The tenant lease is double net whereby Odessa Regional is required to pay substantially all
operating expenses, excluding any costs to maintain and repair the roof and structure of the building, in addition to base rent.
The ground lease, which commenced in July 2007, has an initial term
of 50 years that expires in June 2057. The ground lease contains contractual rental escalations of 10% every five years. The ground
lease contains two 25-year renewal options. The ground lease is full service gross whereby the tenant of the ground leasehold interest
is required to pay substantially all operating expenses, including any costs to maintain and repair the roof and structure of the
building, in addition to base rent. The annualized straight-line rent for the ground lease term will be approximately $1,900.
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 HEALTHCARE TRUST, INC.
By:
/s/ Nicholas S. Schorsch
Date: November 17, 2011
Nicholas S. Schorsch
Chief Executive Officer and
Chairman of the Board of Directors