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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">UNITED STATES</P>

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

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

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES EXCHANGE ACT OF 1934</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>January 31, 2012 (January 25, 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 Trust III,
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 Charter)</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%; border-bottom: black 1.5pt solid; padding-right: 3.2pt; line-height: 115%; font-weight: bold; text-align: center"><B>Maryland</B></TD>
    <TD STYLE="width: 1%; padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 37%; border-bottom: black 1.5pt solid; padding-right: 3.2pt; line-height: 115%; font-weight: bold; text-align: center"><B>333-170298</B></TD>
    <TD STYLE="width: 1%; padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 30%; border-bottom: black 1.5pt solid; padding-right: 3.2pt; line-height: 115%; font-weight: bold; text-align: center"><B>27-3515929</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 3.2pt 0 0; text-align: center">(State or other jurisdiction</P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 3.2pt 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: 3.2pt; line-height: 115%; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.2pt; line-height: 115%; text-align: center">(I.R.S. 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">
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    <TD STYLE="width: 100%; border-bottom: black 1.5pt solid">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 3.2pt 0 0; text-align: center"><B>405 Park Avenue, 15th Floor</B></P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 3.2pt 0 0; text-align: center"><B>New York, New York 10022</B></P></TD></TR>
<TR>
    <TD>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 3.2pt 0 0; text-align: center">(Address, including zip code,
        of Principal Executive Offices)</P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 3.2pt 0 0; text-align: center">Registrant's telephone number,
        including area code: <B>(212) 415-6500</B></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">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: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#61551; &nbsp;Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)</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">&#61551; &nbsp;Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)</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">&#61551; &nbsp;Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(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">&#61551; &nbsp;Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</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">&nbsp;</P>

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

<P STYLE="font: 10pt/1.5pt Times New Roman, Times, Serif; margin: 8.5pt 0 0; text-align: center; background-color: black">&nbsp;</P>

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Item 2.01&#9;Completion of Acquisition or Disposition
of Assets.</B></P>

<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">On January 25, 2012, American Realty
Capital Trust III, Inc. (the &ldquo;Company&rdquo;) closed its acquisition of the fee simple interest in one building located in
the Express Scripts headquarters campus in St. Louis, Missouri. The Company acquired the property though an indirect wholly owned
subsidiary of its operating partnership. The seller of the property was 4400 N. Hanley, 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/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Company funded the acquisition of
the property with net proceeds from its ongoing public offering at a contract purchase price of approximately $42.6 million, exclusive
of closing costs. On January 31, 2012, the Company entered into a $24.4 million term loan with Wells Fargo Bank, N.A. to provide
post-acquisition financing for the Express Scripts property and a previously acquired FedEx Freight distribution facility in Belmont,
New Hampshire, as described below in Item 2.03&mdash;Creation of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant.</P>

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The property contains 227,467 rentable
square feet and is 100% leased to Express Scripts, Inc. (Nasdaq: &ldquo;ESRX&rdquo;), which has an investment grade credit rating
as determined by major credit rating agencies. The original lease term is 10 years and expires in January 2022. The lease contains
annual rental escalations of 1%. The lease contains two renewals option 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 average annualized rental income for the initial lease term is approximately $3.3 million,
or $14.71 per rentable square foot.</P>

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">As of January 31, 2012, the Company owned
44 properties which it acquired for $121.3 million, exclusive of closing costs, with a weighted-average remaining lease term of
13.7 years. The portfolio includes properties leased to eight tenants in seven industries. Seventy percent of the tenants have
an investment grade credit rating as determined by major credit rating agencies.</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"><B>Item 2.03. &nbsp;&nbsp; &#9;Creation of a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</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-indent: 0.5in">On January 31, 2012, the Company,
through its indirect wholly owned subsidiaries, entered into a $24.4&nbsp;million term loan with Wells Fargo Bank, N.A. to
provide post-acquisition financing for the Express Scripts property and a previously acquired FedEx Freight distribution
facility in Belmont, New Hampshire. The loan is evidenced by a promissory note secured by a mortgage on the properties and
has a five-year term. The loan bears interest at a per annum rate of 3.75% that is fixed through the use of interest rate
hedging instruments. The loan requires monthly interest-only payments with the principal balance due on the maturity date in February
2017.</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-indent: 0.5in">After the last day of the interest
accrual period following the 36<SUP>th</SUP> month of the term of the loan, the loan may be prepaid from time to time and at
any time, in whole or in part, subject to a premium equal to 0.25% of the outstanding principal balance of the loan or, in
connection with a partial prepayment of the loan, the principal amount of the loan being prepaid. The loan is guaranteed by
the Company&rsquo;s operating partnership, American Realty Capital Operating Partnership III, L.P.</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-indent: 0.5in">Including this loan, as of January 31,
2012, the Company&rsquo;s leverage ratio, defined as secured mortgage financings as a percentage of total real estate investments,
was 37%. The weighted average interest rate on mortgage debt was 4.62%.</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-indent: 0.5in">The description of the loan in this Current
Report on Form 8-K is a summary and is qualified in its entirety by the terms of the loan agreement.</P>

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

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Item 9.01. &nbsp;&nbsp; &#9;Financial Statements and Exhibits.</B></P>

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>(a)&#9;Financial Statements of Business Acquired (Lessees)</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-indent: 0.5in">Set forth in this Item 9.01(a) are summary
financial statements of the lessor of the Express Scripts property described under Item 2.01 of this Current Report on Form 8-K.
Express Scripts, Inc. curr<FONT STYLE="color: black">ently </FONT>files its financial statements in reports filed with the U.S.
Securities and Exchange Commission, and the following summary financial data regarding Express Scripts, Inc. are taken from such
filings:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 115%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Three Months </B></P>
</TD>
    <TD NOWRAP STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="padding-bottom: 1pt">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 1.5pt solid"><B>Year
        Ended</B></P></TD>
    <TD NOWRAP STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; border-bottom: black 1.5pt solid"><B>(Amounts in Millions)</B></P></TD>
    <TD STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Ended</B></P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 1.5pt solid"><B>September&nbsp;30,
        2011<BR>
        (Unaudited)</B></P></TD>
    <TD NOWRAP STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>December&nbsp;31, 2010</B></P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 1.5pt solid"><B>(Audited)</B></P></TD>
    <TD NOWRAP STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="line-height: 115%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 1.5pt solid"><B>December&nbsp;31,
        2009<BR>
        (Audited)</B></P></TD>
    <TD NOWRAP STYLE="line-height: 115%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>December&nbsp;31, 2008</B></P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 1.5pt solid"><B>(Audited)</B></P></TD>
    <TD NOWRAP STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="line-height: 115%; font-weight: bold">Statements of Operations Data</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="line-height: 115%">&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="line-height: 115%">&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="line-height: 115%">&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="line-height: 115%">&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 52%; line-height: 115%">Revenues</TD>
    <TD STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 115%">$</TD>
    <TD STYLE="width: 9%; line-height: 115%; text-align: right">11,571.0</TD>
    <TD NOWRAP STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 115%">$</TD>
    <TD STYLE="width: 9%; line-height: 115%; text-align: right">44,973.2</TD>
    <TD NOWRAP STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 115%">$</TD>
    <TD STYLE="width: 9%; line-height: 115%; text-align: right">24,722.3</TD>
    <TD NOWRAP STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 115%">$</TD>
    <TD STYLE="width: 9%; line-height: 115%; text-align: right">21,941.2</TD>
    <TD NOWRAP STYLE="width: 1%; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="line-height: 115%">Operating income</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">605.1</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">2,070.9</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">1,497.5</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">747</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="line-height: 115%">Net income</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">324.7</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">1,452</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">1,184</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">1,274.3</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="line-height: 115%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt; line-height: 115%; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="padding-bottom: 1pt">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 1.5pt solid"><B>Year
        Ended</B></P></TD>
    <TD NOWRAP STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="line-height: 115%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 1.5pt solid"><B>September&nbsp;30,
        2011<BR>
        (Unaudited)</B></P></TD>
    <TD NOWRAP STYLE="line-height: 115%; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 1.5pt solid"><B>December
        31, 2010</B><BR>
        <B>(Audited)</B></P></TD>
    <TD NOWRAP STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 1.5pt solid"><B>December
        31, 2009</B><BR>
        <B>(Audited)</B></P></TD>
    <TD NOWRAP STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 1.5pt solid"><B>December
        31, 2008</B><BR>
        <B>(Audited)</B></P></TD>
    <TD NOWRAP STYLE="line-height: 115%; padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="line-height: 115%; font-weight: bold">Consolidated Condensed Balance Sheets</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="line-height: 115%">&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="line-height: 115%">&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="line-height: 115%">&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="line-height: 115%">&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 52%; line-height: 115%">Total assets</TD>
    <TD STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 115%">$</TD>
    <TD STYLE="width: 9%; line-height: 115%; text-align: right">10,871.7</TD>
    <TD NOWRAP STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 115%">$</TD>
    <TD STYLE="width: 9%; line-height: 115%; text-align: right">10,557.8</TD>
    <TD NOWRAP STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 115%">$</TD>
    <TD STYLE="width: 9%; line-height: 115%; text-align: right">11,931.2</TD>
    <TD NOWRAP STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 115%">$</TD>
    <TD STYLE="width: 9%; line-height: 115%; text-align: right">5,509.2&nbsp;&nbsp;</TD>
    <TD NOWRAP STYLE="width: 1%; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="line-height: 115%">Long-term debt</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">2,989.3</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">2,493.7</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">2,492.5</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">1,340.3&nbsp;&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="line-height: 115%">Total stockholders&rsquo; equity</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">2,164.7</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">3,606.6</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">3,551.8</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">1,078.2]&nbsp;&nbsp;</TD>
    <TD NOWRAP STYLE="line-height: 115%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 12pt"><B>&nbsp;</B></P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; border-bottom: black 1.5pt solid; line-height: 115%; font-weight: bold">Exhibit No.</TD>
    <TD STYLE="width: 3%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 77%; border-bottom: black 1.5pt solid; line-height: 115%; font-weight: bold">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%">99.1</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">Press Release dated January 31, 2012</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0.1in; line-height: 115%">AMERICAN REALTY CAPITAL TRUST III, INC.</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 53%; padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 6%; padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 41%; padding-right: 0.8pt; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 3.2pt; line-height: 115%">Date:&nbsp;January 31, 2012</TD>
    <TD STYLE="padding-right: 3.2pt; line-height: 115%">By:&nbsp;&nbsp;</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 3.2pt; line-height: 115%">/s/&nbsp;Nicholas S. Schorsch</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD COLSPAN="2" STYLE="padding-right: 1.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 3.2pt; line-height: 115%">Nicholas S. Schorsch</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD COLSPAN="2" STYLE="padding-right: 1.8pt; line-height: 115%">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 3.2pt 0 0">Chief Executive Officer and</P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 3.2pt 0 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">&nbsp;</P>

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

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[{"type": "8-K", "sequence": "1", "filename": "v300929_8k.htm", "secsgml_size_bytes": 32693}]
{"company-data": {"conformed-name": "American Realty Capital Trust III, Inc.", "cik": "0001503828", "assigned-sic": "6798", "irs-number": "000000000", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-170298", "film-number": "12560205"}, "business-address": {"street1": "405 PARK AVE", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "(212) 415-6500"}, "mail-address": {"street1": "405 PARK AVE", "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):
January 31, 2012 (January 25, 2012)
American Realty Capital Trust III,
Inc.
(Exact Name of Registrant as Specified
in Charter)
Maryland
333-170298
27-3515929
(State or other jurisdiction
of incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
405 Park Avenue, 15th Floor
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:
  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 2.01	Completion of Acquisition or Disposition
of Assets.
On January 25, 2012, American Realty
Capital Trust III, Inc. (the "Company") closed its acquisition of the fee simple interest in one building located in
the Express Scripts headquarters campus in St. Louis, Missouri. The Company acquired the property though an indirect wholly owned
subsidiary of its operating partnership. The seller of the property was 4400 N. Hanley, LLC. The seller does not have a material
relationship with the Company and the acquisition was not an affiliated transaction.
The Company funded the acquisition of
the property with net proceeds from its ongoing public offering at a contract purchase price of approximately $42.6 million, exclusive
of closing costs. On January 31, 2012, the Company entered into a $24.4 million term loan with Wells Fargo Bank, N.A. to provide
post-acquisition financing for the Express Scripts property and a previously acquired FedEx Freight distribution facility in Belmont,
New Hampshire, as described below in Item 2.03—Creation of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant.
The property contains 227,467 rentable
square feet and is 100% leased to Express Scripts, Inc. (Nasdaq: "ESRX"), which has an investment grade credit rating
as determined by major credit rating agencies. The original lease term is 10 years and expires in January 2022. The lease contains
annual rental escalations of 1%. The lease contains two renewals option 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 average annualized rental income for the initial lease term is approximately $3.3 million,
or $14.71 per rentable square foot.
As of January 31, 2012, the Company owned
44 properties which it acquired for $121.3 million, exclusive of closing costs, with a weighted-average remaining lease term of
13.7 years. The portfolio includes properties leased to eight tenants in seven industries. Seventy percent of the tenants have
an investment grade credit rating as determined by major credit rating agencies.
Item 2.03.    	Creation of a Direct Financial
Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On January 31, 2012, the Company,
through its indirect wholly owned subsidiaries, entered into a $24.4 million term loan with Wells Fargo Bank, N.A. to
provide post-acquisition financing for the Express Scripts property and a previously acquired FedEx Freight distribution
facility in Belmont, New Hampshire. The loan is evidenced by a promissory note secured by a mortgage on the properties and
has a five-year term. The loan bears interest at a per annum rate of 3.75% that is fixed through the use of interest rate
hedging instruments. The loan requires monthly interest-only payments with the principal balance due on the maturity date in February
2017.
After the last day of the interest
accrual period following the 36
th
month of the term of the loan, the loan may be prepaid from time to time and at
any time, in whole or in part, subject to a premium equal to 0.25% of the outstanding principal balance of the loan or, in
connection with a partial prepayment of the loan, the principal amount of the loan being prepaid. The loan is guaranteed by
the Company's operating partnership, American Realty Capital Operating Partnership III, L.P.
Including this loan, as of January 31,
2012, the Company's leverage ratio, defined as secured mortgage financings as a percentage of total real estate investments,
was 37%. The weighted average interest rate on mortgage debt was 4.62%.
The description of the loan in this Current
Report on Form 8-K is a summary and is qualified in its entirety by the terms of the loan agreement.
Item 9.01.    	Financial Statements and Exhibits.
(a)	Financial Statements of Business Acquired (Lessees)
Set forth in this Item 9.01(a) are summary
financial statements of the lessor of the Express Scripts property described under Item 2.01 of this Current Report on Form 8-K.
Express Scripts, Inc. curr
ently
files its financial statements in reports filed with the U.S.
Securities and Exchange Commission, and the following summary financial data regarding Express Scripts, Inc. are taken from such
filings:
Three Months
Year
        Ended
(Amounts in Millions)
Ended
September 30,
        2011
(Unaudited)
December 31, 2010
(Audited)
December 31,
        2009
(Audited)
December 31, 2008
(Audited)
Statements of Operations Data
Revenues
$
11,571.0
$
44,973.2
$
24,722.3
$
21,941.2
Operating income
605.1
2,070.9
1,497.5
747
Net income
324.7
1,452
1,184
1,274.3
Year
        Ended
September 30,
        2011
(Unaudited)
December
        31, 2010
(Audited)
December
        31, 2009
(Audited)
December
        31, 2008
(Audited)
Consolidated Condensed Balance Sheets
Total assets
$
10,871.7
$
10,557.8
$
11,931.2
$
5,509.2
Long-term debt
2,989.3
2,493.7
2,492.5
1,340.3
Total stockholders' equity
2,164.7
3,606.6
3,551.8
1,078.2]
(d)           Exhibits
Exhibit No.
Description
99.1
Press Release dated January 31, 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 TRUST III, INC.
Date: January 31, 2012
By:
/s/ Nicholas S. Schorsch
Nicholas S. Schorsch
Chief Executive Officer and
Chairman of the Board of Directors