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

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

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

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of report (Date of earliest event reported):
<B>May 4, 2012 (May 3, 2012)</B></P>

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

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

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

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

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

<P STYLE="font: 10pt 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; font-weight: bold; text-align: center"><B>333-169821</B></TD>
    <TD STYLE="width: 2%; vertical-align: bottom; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 49%; vertical-align: top; padding-right: 3.2pt; font-weight: bold; text-align: center"><B>27-3441614</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 3.2pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 3.2pt; text-align: center">(IRS Employer Identification No.)</TD></TR>
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<P STYLE="font: 10pt 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 Times New Roman, Times, Serif; margin: 0pt 2.4pt 0pt 0; text-align: center"><B>New York, New York 10022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.2pt 0pt 0; text-align: center">(Address, including zip code,
of Principal Executive Offices)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.4pt 0pt 0; text-align: center"><B>(212) 415-6500</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.4pt 0pt 0; text-align: center">(Registrant&rsquo;s Telephone
Number, Including Area Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0">&nbsp;</P>

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

<P STYLE="font: 10pt 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>

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

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">o</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: times">Written communications
pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</FONT></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Wingdings; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">o</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: times">Soliciting material
pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Wingdings; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">o</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: times">Pre-commencement communications
pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD>
</TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Wingdings; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">o</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: times">Pre-commencement communications
pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt 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>Item5.02</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 Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As part of management&rsquo;s ongoing effort
to minimize potential conflicts of interests amongst American Realty Capital-sponsored net lease programs, which may compete with
American Realty Capital Daily Net Asset Value Trust, Inc. (the &ldquo;Company&rdquo;) for acquisition opportunities, Scott J. Bowman
resigned as a member of the Board of Directors of the Company, effective May 3, 2012.&nbsp;Mr. Bowman was the Chairman of the Company&rsquo;s
Audit Committee and was the Company&rsquo;s &ldquo;audit committee financial expert&rdquo; as defined by Item 407(d)(5) of Regulation
S-K. On May 3, 2012, Mr. Bowman was appointed to the board of American Realty Capital Global Daily Net Asset Value Trust, Inc.,
a non-traded, American Realty Capital-sponsored REIT.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Simultaneous with Mr. Bowman&rsquo;s resignation,
the Board of Directors of the Company appointed (i) Robin A. Ferracone as a member of the Board of Directors and Audit Committee
and (ii) Stanley R. Perla, one of the Company&rsquo;s independent directors, as Chairman of the Audit Committee, both appointments
effective May 3, 2012.&nbsp;&nbsp;The Board of Directors has determined that Mr. Perla qualifies as an &ldquo;audit committee financial
expert&rdquo; as defined in Item&nbsp;407(d)(5) of Regulation&nbsp;S-K.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Robin A. Ferracone is founder and Executive
Chair of Farient Advisors, an independent executive compensation and performance consulting firm. Prior to forming Farient in 2007,
Ms. Ferracone was President of the Human Capital business of Mercer, a business which included talent and compensation consulting,
software, and data services globally. Before that role, Ms. Ferracone was Chairman of the U.S. West Region for Mercer's parent
company, Marsh &amp; McLennan Companies, market leader and Worldwide Partner at Mercer, President and Chairman of SCA Consulting,
a firm she co&not;founded in 1985 and sold to Mercer in 2001, and strategy consultant at Booz Allen &amp; Hamilton. With more than
30 years of consulting experience, Ms. Ferracone has advised clients in the areas of business and talent strategies, executive
compensation, value management, and performance measurement. Ms. Ferracone is the author of a recently published book entitled,
&quot;Fair Pay Fair Play: Aligning Executive Performance and Pay.&quot; She is a frequent presenter for organizations such as the
Council of Institutional Investors and the National Association of Corporate Directors, and testified before a Congressional sub-committee
in Washington, D.C. regarding the salary of the President of the United States. In 2011, Ms. Ferracone was named to the NACD Director
100 as one of the most influential people in corporate governance and the boardroom. Ms. Ferracone is currently a member of the
Duke University Board of Trustees, the PayScale Board (a venture-backed company), The Committee of 200, and the World Presidents'
Organization. Ms. Ferracone received an M.B.A. from the Harvard Business School, where she was a Baker Scholar and a B.A. summa
cum laude in Management Science and Economics from Duke University, where she was elected to Phi Beta Kappa.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Ms. Ferracone, 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, Ms. Ferracone will be entitled to receive an award of 3,000 restricted shares of common stock upon joining
the board and 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: 0pt 0">&nbsp;</P>

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

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

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

<P STYLE="font: 10pt 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>

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

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    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 11.2pt; padding-left: 9pt; font-weight: bold"><B>AMERICAN REALTY CAPITAL DAILY NET ASSET VALUE TRUST, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 6%; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 6%; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 38%; padding-right: 0.8pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.2pt">Date: May 4, 2012</TD>
    <TD STYLE="padding-right: 3.2pt; padding-left: 9pt">By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; padding-right: 0.1in">/s/ Nicholas S. Schorsch&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.2pt">Name:</TD>
    <TD STYLE="padding-right: 3.2pt">Nicholas S. Schorsch</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3.2pt">Title:</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.2pt 0pt 0">Chief Executive Officer and</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.2pt 0pt 0">Chairman of the Board of Directors</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt"></P>

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{"company-data": {"conformed-name": "American Realty Capital Daily Net Asset Value Trust, Inc.", "cik": "0001501745", "assigned-sic": "6798", "irs-number": "711036971", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-169821", "film-number": "12815005"}, "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"}, "former-company": {"former-conformed-name": "American Realty Capital Trust II, Inc.", "date-changed": "20100921"}}
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):
May 4, 2012 (May 3, 2012)
American Realty Capital Daily Net Asset
Value Trust, Inc.
(Exact Name of Registrant as Specified in
Its Charter)
Maryland
(State or Other Jurisdiction of Incorporation)
333-169821
27-3441614
(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):
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))
Item5.02
Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers
As part of management's ongoing effort
to minimize potential conflicts of interests amongst American Realty Capital-sponsored net lease programs, which may compete with
American Realty Capital Daily Net Asset Value Trust, Inc. (the "Company") for acquisition opportunities, Scott J. Bowman
resigned as a member of the Board of Directors of the Company, effective May 3, 2012. Mr. Bowman was the Chairman of the Company's
Audit Committee and was the Company's "audit committee financial expert" as defined by Item 407(d)(5) of Regulation
S-K. On May 3, 2012, Mr. Bowman was appointed to the board of American Realty Capital Global Daily Net Asset Value Trust, Inc.,
a non-traded, American Realty Capital-sponsored REIT.
Simultaneous with Mr. Bowman's resignation,
the Board of Directors of the Company appointed (i) Robin A. Ferracone as a member of the Board of Directors and Audit Committee
and (ii) Stanley R. Perla, one of the Company's independent directors, as Chairman of the Audit Committee, both appointments
effective May 3, 2012.  The Board of Directors has determined that Mr. Perla qualifies as an "audit committee financial
expert" as defined in Item 407(d)(5) of Regulation S-K.
Robin A. Ferracone is founder and Executive
Chair of Farient Advisors, an independent executive compensation and performance consulting firm. Prior to forming Farient in 2007,
Ms. Ferracone was President of the Human Capital business of Mercer, a business which included talent and compensation consulting,
software, and data services globally. Before that role, Ms. Ferracone was Chairman of the U.S. West Region for Mercer's parent
company, Marsh & McLennan Companies, market leader and Worldwide Partner at Mercer, President and Chairman of SCA Consulting,
a firm she co¬founded in 1985 and sold to Mercer in 2001, and strategy consultant at Booz Allen & Hamilton. With more than
30 years of consulting experience, Ms. Ferracone has advised clients in the areas of business and talent strategies, executive
compensation, value management, and performance measurement. Ms. Ferracone is the author of a recently published book entitled,
"Fair Pay Fair Play: Aligning Executive Performance and Pay." She is a frequent presenter for organizations such as the
Council of Institutional Investors and the National Association of Corporate Directors, and testified before a Congressional sub-committee
in Washington, D.C. regarding the salary of the President of the United States. In 2011, Ms. Ferracone was named to the NACD Director
100 as one of the most influential people in corporate governance and the boardroom. Ms. Ferracone is currently a member of the
Duke University Board of Trustees, the PayScale Board (a venture-backed company), The Committee of 200, and the World Presidents'
Organization. Ms. Ferracone received an M.B.A. from the Harvard Business School, where she was a Baker Scholar and a B.A. summa
cum laude in Management Science and Economics from Duke University, where she was elected to Phi Beta Kappa.
Ms. Ferracone, 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, Ms. Ferracone will be entitled to receive an award of 3,000 restricted shares of common stock upon joining
the board and 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 DAILY NET ASSET VALUE TRUST, INC.
Date: May 4, 2012
By:
/s/ Nicholas S. Schorsch
Name:
Nicholas S. Schorsch
Title:
Chief Executive Officer and
Chairman of the Board of Directors