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<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

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

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

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

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

<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

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

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

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

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

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

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (Date of earliest
event reported): March 19, 2012</B></P>

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

<P STYLE="font: 18pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMERICAN REALTY CAPITAL PROPERTIES,
INC.</B></P>

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

<P STYLE="font: 10pt/normal 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/normal Times New Roman, Times, Serif; margin: 0pt 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: 33%; padding-right: 4pt; line-height: 115%; font-size: 10pt; font-weight: bold; text-align: center"><B>Maryland</B></TD>
    <TD STYLE="width: 34%; padding-right: 4pt; line-height: 115%; font-size: 10pt; font-weight: bold; text-align: center"><B>001-35263</B></TD>
    <TD STYLE="width: 33%; padding-right: 4pt; line-height: 115%; font-size: 10pt; font-weight: bold; text-align: center"><B>45-2482685</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-align: center">(State or other jurisdiction
        of</P>
        <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 4pt 0pt 0; text-align: center">incorporation or organization)</P></TD>
    <TD STYLE="padding-right: 4pt; line-height: 115%; font-size: 10pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="padding-right: 4pt; line-height: 115%; font-size: 10pt; text-align: center">(I.R.S. Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 2.4pt 0pt 0; text-align: center"><B>405 Park Avenue</B></P>

<P STYLE="font: 10pt/normal 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/normal Times New Roman, Times, Serif; margin: 0pt 2.4pt 0pt 0; text-align: center">(Address, including zip
code, of principal executive offices)</P>

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0.8pt 0pt 0; text-align: center"><B>(212) 415-6500</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 2.4pt 0pt 0; text-align: center">Registrant&rsquo;s telephone
number, including area code:&nbsp;</P>

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

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

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 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 (see General
Instruction A.2. below):</P>

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

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/normal 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: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/normal 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: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD>
</TR></TABLE>

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

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

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

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On February 8, 2012, American Realty
Capital Properties, Inc. (the &ldquo;Company&rdquo;), through its sponsor, AR Capital, LLC, entered into a purchase and sale agreement,
as amended on February 28, 2012 and March 12, 2012, to acquire a fee simple interest in a John Deere distribution facility located
in Davenport, Iowa. The sellers of the property are Davenport 1031, L.L.C. and 36 of its joint venture partners. None of the sellers
has a material relationship with the Company and the acquisition is not an affiliated transaction. The Company completed its due
diligence review as of March 12, 2012, however, there remain other conditions precedent to the Company&rsquo;s obligation
to close on the acquisition of the property, including sellers&rsquo; delivery of clean title to the property. Accordingly, as
of the date of this report, and until the closing of the purchase of the property, there can be no assurance that the Company will
acquire the property. The purchase and sale agreement contains customary representations and warranties by the sellers.</P>

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The property contains approximately
553,000 rentable square feet and is 100% leased to Quad City Consolidation and Distribution, a wholly owned subsidiary of Deere
&amp; Company (NYSE: DE). The lease is guaranteed by Deere &amp; Company, which has an investment grade credit rating as determined
by major credit rating agencies. The net lease has a 15-year term, with approximately 6.0 years remaining. The lease contains a
fixed rental increase of 10.4% in March 2013. The lease is net, whereby the tenant is to pay substantially all operating expenses,
including all costs to maintain and repair the roof and structure of the building, and the cost of all capital expenditures, in
addition to base rent. The annualized rental income for the property will be approximately $2.2 million, or approximately $3.90
per rentable square foot.</P>

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The contract purchase price of the
property is approximately $26.1 million, exclusive of closing costs. In connection with the acquisition of the property, the Company
deposited $500,000 in escrow. Such deposit will be credited towards the purchase price of the property. The Company intends to
fund the purchase price with working capital and proceeds from the sale of its common stock pursuant to its follow-on offering
completed in 2011. The Company may seek to obtain financing on the property post-closing. However, there is no guarantee that it
will be able to obtain financing on terms it believes are favorable, or at all.</P>

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 8.01. &nbsp;&nbsp; Other Events.</B></P>

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On March 16, 2012, the Company&rsquo;s
board of directors authorized and the Company declared an increase to the Company&rsquo;s annual dividend. The Company will increase
its annual distribution by $0.005, from $0.880 to $0.885 per annum. The new annual distribution rate will accrue commencing on
May 9, 2012. Distributions will continue to be paid on the 15<SUP>th</SUP> day of each month to stockholders of record at the close
of business on the 8<SUP>th</SUP> day of such month.</P>

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

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

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

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

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

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

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 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">
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 9pt; line-height: 115%; font-weight: bold"><B>AMERICAN REALTY CAPITAL PROPERTIES, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 42%; padding-right: 0.8pt; line-height: 115%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt; line-height: 115%">March 19, 2012</TD>
    <TD STYLE="padding-right: 4pt; line-height: 115%">By:</TD>
    <TD STYLE="border-bottom: black 1.5pt solid; padding-right: 4pt; line-height: 115%">/s/ Nicholas S. Schorsch</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; line-height: 115%">Name:</TD>
    <TD STYLE="padding-right: 4pt; line-height: 115%">Nicholas S. Schorsch</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; line-height: 115%">Title:</TD>
    <TD STYLE="padding-right: 4pt; line-height: 115%">Chief Executive Officer and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; line-height: 115%">Chairman of the Board of Directors</TD></TR>
</TABLE>
<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

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{"company-data": {"conformed-name": "American Realty Capital Properties, Inc.", "cik": "0001507385", "assigned-sic": "6798", "irs-number": "000000000", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-35263", "film-number": "12700501"}, "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 19, 2012
AMERICAN REALTY CAPITAL PROPERTIES,
INC.
(Exact name of Registrant as specified
in its charter)
Maryland
001-35263
45-2482685
(State or other jurisdiction
        of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
405 Park Avenue
New York, New York 10022
(Address, including zip
code, of principal executive offices)
(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))
Item 1.01. Entry into a Material Definitive Agreement.
On February 8, 2012, American Realty
Capital Properties, Inc. (the "Company"), through its sponsor, AR Capital, LLC, entered into a purchase and sale agreement,
as amended on February 28, 2012 and March 12, 2012, to acquire a fee simple interest in a John Deere distribution facility located
in Davenport, Iowa. The sellers of the property are Davenport 1031, L.L.C. and 36 of its joint venture partners. None of the sellers
has a material relationship with the Company and the acquisition is not an affiliated transaction. The Company completed its due
diligence review as of March 12, 2012, however, there remain other conditions precedent to the Company's obligation
to close on the acquisition of the property, including sellers' delivery of clean title to the property. Accordingly, as
of the date of this report, and until the closing of the purchase of the property, there can be no assurance that the Company will
acquire the property. The purchase and sale agreement contains customary representations and warranties by the sellers.
The property contains approximately
553,000 rentable square feet and is 100% leased to Quad City Consolidation and Distribution, a wholly owned subsidiary of Deere
& Company (NYSE: DE). The lease is guaranteed by Deere & Company, which has an investment grade credit rating as determined
by major credit rating agencies. The net lease has a 15-year term, with approximately 6.0 years remaining. The lease contains a
fixed rental increase of 10.4% in March 2013. The lease is net, whereby the tenant is to pay substantially all operating expenses,
including all costs to maintain and repair the roof and structure of the building, and the cost of all capital expenditures, in
addition to base rent. The annualized rental income for the property will be approximately $2.2 million, or approximately $3.90
per rentable square foot.
The contract purchase price of the
property is approximately $26.1 million, exclusive of closing costs. In connection with the acquisition of the property, the Company
deposited $500,000 in escrow. Such deposit will be credited towards the purchase price of the property. The Company intends to
fund the purchase price with working capital and proceeds from the sale of its common stock pursuant to its follow-on offering
completed in 2011. The Company may seek to obtain financing on the property post-closing. However, there is no guarantee that it
will be able to obtain financing on terms it believes are favorable, or at all.
Item 8.01.    Other Events.
On March 16, 2012, the Company's
board of directors authorized and the Company declared an increase to the Company's annual dividend. The Company will increase
its annual distribution by $0.005, from $0.880 to $0.885 per annum. The new annual distribution rate will accrue commencing on
May 9, 2012. Distributions will continue to be paid on the 15
th
day of each month to stockholders of record at the close
of business on the 8
th
day of such month.
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, thereunto duly authorized.
AMERICAN REALTY CAPITAL PROPERTIES, INC.
March 19, 2012
By:
/s/ Nicholas S. Schorsch
Name:
Nicholas S. Schorsch
Title:
Chief Executive Officer and
Chairman of the Board of Directors