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

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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">Date of report (Date of earliest event
reported): <B>March 1, 2012</B></P>

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

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

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

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

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

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<TR>
    <TD STYLE="width: 48%; vertical-align: top; line-height: 115%; font-weight: bold; text-align: center"><B>333-169355</B></TD>
    <TD STYLE="width: 4%; vertical-align: bottom; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 48%; vertical-align: top; line-height: 115%; font-weight: bold; text-align: center"><B>27-3279039</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; line-height: 115%; text-align: center">(Commission File Number)</TD>
    <TD STYLE="vertical-align: bottom; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; line-height: 115%; text-align: center">(IRS Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</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: 100%">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>405 Park Avenue, 15th Floor</B></P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>New York, New York 10022</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="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="line-height: 115%; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="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="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="line-height: 115%; font-size: 10pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 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: 5%; padding: 0; line-height: 115%; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="width: 95%; padding: 0; line-height: 115%; text-indent: 0">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; padding: 0; text-align: center">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; line-height: 115%; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0">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="line-height: 115%; padding: 0; text-align: center">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; line-height: 115%; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0">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="line-height: 115%; padding: 0; text-align: center">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; line-height: 115%; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 5.02</B></TD><TD><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: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Effective March 1, 2012, Edward G. Rendell
resigned as a member of the Board of Directors of American Realty Capital &ndash; Retail Centers of America, Inc. (the &ldquo;Company&rdquo;).
Mr. Rendell also resigned as a member of the Board of Directors of American Realty Capital Healthcare Trust, Inc. and was appointed
to the Board of Directors of American Realty Capital Trust III, Inc. and American Realty Capital Daily Net Asset Value Trust Inc.,
which are non-traded REITs sponsored by affiliates of our sponsor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Simultaneous with Mr. Rendell&rsquo;s resignation,
the Board of Directors of the Company appointed Leslie D. Michelson as a member of the Board of Directors and Audit Committee in
accordance with the terms of the Company&rsquo;s Bylaws.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Mr. Michelson, like the Company&rsquo;s other
independent directors, will participate in the Company&rsquo;s compensation program for independent directors and the director
incentive restricted share plan. The Company pays to each of its independent directors a retainer of $30,000 per year, plus $2,000
for each board or board committee meeting the director attends in person ($2,500 for attendance by the chairperson of the audit
committee at each meeting of the audit committee), $750 for each meeting the director attends virtually and $1,500 for each meeting
the director attends by telephone. If there is a meeting of the board and one or more committees in a single day, the fees will
be limited to $2,500 per day ($3,000 for the chairperson of the audit committee if there is a meeting of such committee). Under
the restricted share plan, Mr. Michelson will be entitled to receive an award of 3,000 restricted shares of common stock on the
date of each annual stockholder&rsquo;s meeting. Restricted stock issued to independent directors vest over a five-year period
following the first anniversary of the date of grant in increments of 20% per annum.</P>



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

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

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

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

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

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

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    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding: 0; line-height: 115%; font-weight: bold; text-indent: 0"><B>AMERICAN REALTY CAPITAL &ndash; RETAIL CENTERS OF AMERICA, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 4%; line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 5%; line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 41%; line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">Date: March 1, 2012</TD>
    <TD STYLE="padding: 0; line-height: 115%; text-indent: 0">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; padding: 0; line-height: 115%; text-indent: 0">/s/ Nicholas S. Schorsch&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">Name:</TD>
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">Nicholas S. Schorsch</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding: 0; text-indent: 0">Title:</TD>
    <TD STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Chief Executive Officer and</P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Chairman of the Board of Directors</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

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{"company-data": {"conformed-name": "AMERICAN REALTY CAPITAL - RETAIL CENTERS OF AMERICA, INC.", "cik": "0001500554", "assigned-sic": "6798", "irs-number": "273279039", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-169355", "film-number": "12659178"}, "business-address": {"street1": "405 PARK AVENUE", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "212 415 6500"}, "mail-address": {"street1": "405 PARK AVENUE", "city": "NEW YORK", "state": "NY", "zip": "10022"}}
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 1, 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 5.02
Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers
Effective March 1, 2012, Edward G. Rendell
resigned as a member of the Board of Directors of American Realty Capital – Retail Centers of America, Inc. (the "Company").
Mr. Rendell also resigned as a member of the Board of Directors of American Realty Capital Healthcare Trust, Inc. and was appointed
to the Board of Directors of American Realty Capital Trust III, Inc. and American Realty Capital Daily Net Asset Value Trust Inc.,
which are non-traded REITs sponsored by affiliates of our sponsor.
Simultaneous with Mr. Rendell's resignation,
the Board of Directors of the Company appointed Leslie D. Michelson as a member of the Board of Directors and Audit Committee in
accordance with the terms of the Company's Bylaws.
Mr. Michelson, like the Company's other
independent directors, will participate in the Company's compensation program for independent directors and the director
incentive restricted share plan. The Company pays to each of its independent directors a retainer of $30,000 per year, plus $2,000
for each board or board committee meeting the director attends in person ($2,500 for attendance by the chairperson of the audit
committee at each meeting of the audit committee), $750 for each meeting the director attends virtually and $1,500 for each meeting
the director attends by telephone. If there is a meeting of the board and one or more committees in a single day, the fees will
be limited to $2,500 per day ($3,000 for the chairperson of the audit committee if there is a meeting of such committee). Under
the restricted share plan, Mr. Michelson will be entitled to receive an award of 3,000 restricted shares of common stock on the
date of each annual stockholder's meeting. Restricted stock issued to independent directors vest over a five-year period
following the first anniversary of the date of grant in increments of 20% per annum.
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 1, 2012
By:
/s/ Nicholas S. Schorsch
Name:
Nicholas S. Schorsch
Title:
Chief Executive Officer and
Chairman of the Board of Directors