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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>June 11, 2012 (June 8, 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 &ndash; Retail
Centers of America, 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>

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    <TD STYLE="width: 49%; vertical-align: top; padding-right: 3.2pt; font-weight: bold; text-align: center"><B>333-169355</B></TD>
    <TD STYLE="width: 3%; vertical-align: bottom; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 48%; vertical-align: top; padding-right: 3.2pt; font-weight: bold; text-align: center"><B>27-3279039</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></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3.2pt; font-size: 10pt; text-align: center">(Address, including zip code, of Principal Executive Offices)&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.4pt; font-size: 10pt; font-weight: bold; text-align: center"><B>(212) 415-6500</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 2.4pt; font-size: 10pt; text-align: center">(Registrant&rsquo;s Telephone Number, Including Area Code)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; font-size: 10pt">&nbsp;</TD></TR>
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<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; text-align: justify">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:</P>

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    <TD STYLE="width: 95%; padding-right: 3.2pt; padding-left: 9pt">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD></TR>
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    <TD STYLE="padding-right: 3.2pt; padding-left: 9pt">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
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    <TD STYLE="padding-right: 3.2pt; padding-left: 9pt">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
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    <TD STYLE="padding-right: 3.2pt; padding-left: 9pt">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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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 2.01.</B></TD><TD STYLE="text-align: justify"><B>Completion of Acquisition or Disposition of Assets.</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"><B><I>Liberty Crossing Shopping Center</I></B></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"><FONT STYLE="font-family: Times New Roman, Times, Serif">On
June 8, 2012, American Realty Capital &ndash; Retail Centers of America, Inc. (the &ldquo;Company&rdquo;) closed its
acquisition of the fee-simple interest in a retail power center known as the Liberty Crossing Shopping Center located in
Rowlett, Texas, at a contract purchase price of $21.6 million, exclusive of closing costs. The Company acquired the property
through an indirect wholly-owned subsidiary of its operating partnership. The seller of the property is NWC Liberty Grove
&amp; SH 66, Ltd. The seller does not have a material relationship with the Company and the acquisition was not an affiliated
transaction.&nbsp;&nbsp;</FONT></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">The Liberty Crossing Shopping Center contains
approximately 106,000 rentable square feet and is 95% leased to 16 tenants. Three tenants, Ross Stores, Inc. (NASDAQ: ROST), PetSmart,
Inc. (NASDAQ: PETM), each of which are rated by major credit rating agencies, and Dollar Tree, Inc. (NASDAQ: DLTR), represent 41%
of the annualized rental income of the property.</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">The Ross Stores, Inc. lease, which commenced
in October 2008, has a 10-year term and expires in January 2019.&nbsp;&nbsp;The lease contains one rental escalation of 5% in 2014.
The lease contains four renewal options of five years each.&nbsp;&nbsp;The lease is net whereby the tenant is required to pay substantially
all operating expenses, including all costs to maintain and repair the roof and structure of the building, in addition to base
rent.&nbsp;&nbsp;The annualized rental income for the initial lease term is $0.3 million.</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">The PetSmart, Inc. lease, which commenced
in December 2008, has a 10-year term and expires in December 2018.&nbsp;&nbsp;The lease contains one rental escalation of 6% in
2014. The lease contains five renewal options of five years each.&nbsp;&nbsp;The lease is net whereby the tenant is required to
pay substantially all operating expenses, including all costs to maintain and repair the roof and structure of the building, in
addition to base rent.&nbsp;&nbsp;The annualized rental income for the initial lease term is $0.3 million.</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">The Dollar Tree, Inc. lease, which commenced
in August 2008, has a 10-year term and expires in August 2018.&nbsp;&nbsp;The lease contains no rental escalation. The lease contains
three renewal options of five years each.&nbsp;&nbsp;The lease is net whereby the tenant is required to pay substantially all operating
expenses, including all costs to maintain and repair the roof and structure of the building, in addition to base rent.&nbsp;&nbsp;The
annualized rental income for the initial lease term is $0.1 million.</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">The Company funded the acquisition of the
property with (a) a $16.2 million mortgage loan, (b) a $3.0 million advance from a revolving loan facility and (c) $2.4 million
from the sale of its common stock, as described in more detail below in Item 2.03 &ndash; Creation of a Direct Financial Obligation
or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</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">The foregoing description of the purchase
and sale agreement is a summary and is qualified in its entirety by the terms of the purchase and sale agreement. The purchase
and sale agreement and amendments thereto were filed as Exhibits 10.9&mdash;10.13 to the Company&rsquo;s Quarterly Report on Form
10-Q, filed on May 8, 2012, and are incorporated herein by reference.</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">A copy of the press release announcing the
completion of the acquisition of the property is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
herein by reference.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 2.03.</B></TD><TD STYLE="text-align: justify"><B>Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant.</B></TD>
</TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On June 8, 2012, the Company entered into
a loan agreement (the &ldquo;UBS Loan&rdquo;) with UBS Real Estate Securities Inc. that funded a portion of the acquisition of
the Liberty Crossing Shopping Center in the amount of $16.2 million, as described in Item 2.01 of this Current Report on Form 8-K.</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">The UBS Loan bears interest at LIBOR plus
5.0%, with an interest rate cap of 3%. The UBS Loan matures in December 2013 and provides for monthly interest-only payments, through
June 2013.&nbsp; Beginning in July 2013, the Company will be required to pay fixed monthly principal and interest payments through
the maturity date.&nbsp;</P>

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

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<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">The description of the UBS Loan in this
Current Report on Form 8-K is a summary and is qualified in its entirety by the terms of the UBS Loan.&nbsp;</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">On June 6, 2012, the Company entered into
an unsecured $3.0 million loan with an unaffiliated third party. The loan is a draw from a revolving loan facility entered into
by an affiliate of the Company&rsquo;s sponsor and an unaffiliated third party on June 5, 2012. The revolving loan facility provides
for loans to be made available from time to time to real estate investment trusts sponsored by American Realty Capital. Any loan
made under the revolving loan facility will bear a fixed interest rate of 8.0% per annum and will mature one year from the date
of the loan. A loan made under the revolving loan facility will contain two one-year extension options and will require monthly
interest payments with the principal balance due at maturity. Any loan made under the revolving loan facility may be prepaid from
time to time and at any time, in whole or in part. The Company is also required to pay an exit fee equal to 1% of the original
loan amount upon final payment of any loan made under the revolving loan facility.</P>

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

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

<P STYLE="font: 10pt 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">On June 11, 2012, the Company also announced that its board
of directors had reaffirmed a distribution at a rate of $0.0017534247 per day based on the common stock price of $10.00 per share.&nbsp;
The board of directors also approved a change to the timing of when such distributions will accrue.&nbsp; Distributions will begin
to accrue immediately upon completion of the Company&rsquo;s initial property acquisition which occurred on June 8, 2012.&nbsp;
The distributions will be payable by the 5th day following each month end to stockholders of record at the close of business each
day during the prior month. The initial distribution will be payable on July 5, 2012.</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">A copy of the press release announcing the
distribution information is included as Exhibit 99.1 to this Current Report on Form 8-K.&nbsp;</P>

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

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 9.01.</B></TD><TD STYLE="text-align: justify"><B>Financial Statements and Exhibits.</B></TD>
</TR></TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">(a)(4)</TD>
    <TD STYLE="padding-bottom: 6pt; width: 95%">The audited and unaudited financial statements, as applicable, relating to the Liberty Crossing Shopping Center described in Item 2.01, required by Rule 3-14 of Regulation&nbsp;S-X are not included in this Current Report on Form 8-K. The Company will file such financial statements with the U.S. Securities and Exchange Commission within 71 calendar days after the date that this Current Report on Form 8-K is required to be filed, or by August 24, 2012.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in"><B>&nbsp;</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; padding-bottom: 6pt">(d)</TD>
    <TD STYLE="padding-bottom: 6pt; width: 95%">Exhibits</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%; border-bottom: black 1.5pt solid; padding-right: 0.8pt; font-weight: bold">Exhibit No.</TD>
    <TD STYLE="width: 3%; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 83%; border-bottom: black 1.5pt solid; padding-right: 0.8pt; font-weight: bold">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt">99.1</TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt">Press Release dated June 11, 2012</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.75in">&nbsp;</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0; text-align: center"><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 &ndash; RETAIL CENTERS OF AMERICA, 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: June 11, 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>
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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": "12901121"}, "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):
June 11, 2012 (June 8, 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:
£
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.
Liberty Crossing Shopping Center
On
June 8, 2012, American Realty Capital – Retail Centers of America, Inc. (the "Company") closed its
acquisition of the fee-simple interest in a retail power center known as the Liberty Crossing Shopping Center located in
Rowlett, Texas, at a contract purchase price of $21.6 million, exclusive of closing costs. The Company acquired the property
through an indirect wholly-owned subsidiary of its operating partnership. The seller of the property is NWC Liberty Grove
& SH 66, Ltd. The seller does not have a material relationship with the Company and the acquisition was not an affiliated
transaction.
The Liberty Crossing Shopping Center contains
approximately 106,000 rentable square feet and is 95% leased to 16 tenants. Three tenants, Ross Stores, Inc. (NASDAQ: ROST), PetSmart,
Inc. (NASDAQ: PETM), each of which are rated by major credit rating agencies, and Dollar Tree, Inc. (NASDAQ: DLTR), represent 41%
of the annualized rental income of the property.
The Ross Stores, Inc. lease, which commenced
in October 2008, has a 10-year term and expires in January 2019.  The lease contains one rental escalation of 5% in 2014.
The lease contains four renewal options of five years each.  The lease is net whereby the tenant is required to pay substantially
all operating expenses, including all costs to maintain and repair the roof and structure of the building, in addition to base
rent.  The annualized rental income for the initial lease term is $0.3 million.
The PetSmart, Inc. lease, which commenced
in December 2008, has a 10-year term and expires in December 2018.  The lease contains one rental escalation of 6% in
2014. The lease contains five renewal options of five years each.  The lease is net whereby the tenant is required to
pay substantially all operating expenses, including all costs to maintain and repair the roof and structure of the building, in
addition to base rent.  The annualized rental income for the initial lease term is $0.3 million.
The Dollar Tree, Inc. lease, which commenced
in August 2008, has a 10-year term and expires in August 2018.  The lease contains no rental escalation. The lease contains
three renewal options of five years each.  The lease is net whereby the tenant is required to pay substantially all operating
expenses, including all costs to maintain and repair the roof and structure of the building, in addition to base rent.  The
annualized rental income for the initial lease term is $0.1 million.
The Company funded the acquisition of the
property with (a) a $16.2 million mortgage loan, (b) a $3.0 million advance from a revolving loan facility and (c) $2.4 million
from the sale of its common stock, as described in more detail below in Item 2.03 – Creation of a Direct Financial Obligation
or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The foregoing description of the purchase
and sale agreement is a summary and is qualified in its entirety by the terms of the purchase and sale agreement. The purchase
and sale agreement and amendments thereto were filed as Exhibits 10.9—10.13 to the Company's Quarterly Report on Form
10-Q, filed on May 8, 2012, and are incorporated herein by reference.
A copy of the press release announcing the
completion of the acquisition of the property is included as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
herein by reference.
Item 2.03.
Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant.
On June 8, 2012, the Company entered into
a loan agreement (the "UBS Loan") with UBS Real Estate Securities Inc. that funded a portion of the acquisition of
the Liberty Crossing Shopping Center in the amount of $16.2 million, as described in Item 2.01 of this Current Report on Form 8-K.
The UBS Loan bears interest at LIBOR plus
5.0%, with an interest rate cap of 3%. The UBS Loan matures in December 2013 and provides for monthly interest-only payments, through
June 2013.  Beginning in July 2013, the Company will be required to pay fixed monthly principal and interest payments through
the maturity date.
The description of the UBS Loan in this
Current Report on Form 8-K is a summary and is qualified in its entirety by the terms of the UBS Loan.
On June 6, 2012, the Company entered into
an unsecured $3.0 million loan with an unaffiliated third party. The loan is a draw from a revolving loan facility entered into
by an affiliate of the Company's sponsor and an unaffiliated third party on June 5, 2012. The revolving loan facility provides
for loans to be made available from time to time to real estate investment trusts sponsored by American Realty Capital. Any loan
made under the revolving loan facility will bear a fixed interest rate of 8.0% per annum and will mature one year from the date
of the loan. A loan made under the revolving loan facility will contain two one-year extension options and will require monthly
interest payments with the principal balance due at maturity. Any loan made under the revolving loan facility may be prepaid from
time to time and at any time, in whole or in part. The Company is also required to pay an exit fee equal to 1% of the original
loan amount upon final payment of any loan made under the revolving loan facility.
Item 8.01.
Other Events.
On June 11, 2012, the Company also announced that its board
of directors had reaffirmed a distribution at a rate of $0.0017534247 per day based on the common stock price of $10.00 per share. 
The board of directors also approved a change to the timing of when such distributions will accrue.  Distributions will begin
to accrue immediately upon completion of the Company's initial property acquisition which occurred on June 8, 2012. 
The distributions will be payable by the 5th day following each month end to stockholders of record at the close of business each
day during the prior month. The initial distribution will be payable on July 5, 2012.
A copy of the press release announcing the
distribution information is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01.
Financial Statements and Exhibits.
(a)(4)
The audited and unaudited financial statements, as applicable, relating to the Liberty Crossing Shopping Center described in Item 2.01, required by Rule 3-14 of Regulation S-X are not included in this Current Report on Form 8-K. The Company will file such financial statements with the U.S. Securities and Exchange Commission within 71 calendar days after the date that this Current Report on Form 8-K is required to be filed, or by August 24, 2012.
(d)
Exhibits
Exhibit No.
Description
99.1
Press Release dated June 11, 2012
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AMERICAN REALTY CAPITAL – RETAIL CENTERS OF AMERICA, INC.
Date: June 11, 2012
By:
/s/ Nicholas S. Schorsch
Name:
Nicholas S. Schorsch
Title:
Chief Executive Officer and
Chairman of the Board of Directors