Unassociated Document
 

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): December 5, 2011

American Realty Capital Trust, Inc.
(Exact Name of Registrant as Specified in Its Charter)

Maryland
(State or Other Jurisdiction of Incorporation)

333-145949
 
71-1036989
(Commission File Number)
 
(IRS Employer Identification No.)
     
106 Old York Road
Jenkintown, PA
 
19046
(Address of Principal Executive Offices)
 
(Zip Code)
 
(215) 887-2189 (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 8.01    Other Events.

On December 5, 2011, American Realty Capital Trust, Inc. (the “Company”) issued a press release reporting the completion of acquisitions for its portfolio of properties. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

As of December 6, 2011, the Company owned interests in 478 real estate properties acquired from third parties unaffiliated with the Company or its advisor. All properties are commercial properties that are 100% leased to investment grade or other credit worthy tenants. The following is a summary of the Company’s real estate properties as of December 6, 2011 (dollars in thousands):
 
   
Acquisition/
                 
Remaining
   
Base
         
Annualized
 
   
Disposal
 
No. of
 
Square
   
Ownership
   
Lease
   
Purchase
   
Capitalization
   
Rental
 
Property
 
Date
 
Buildings
 
Feet
   
Percentage
   
Term(1)
   
Price(2)
   
Rate(3)
   
Income/NOI(4)
 
                                             
2008 Acquisitions
                                           
FedEx
 
Mar. 2008
 
1
 
55,440
   
51
%
 
             7.0
 
$
            9,694
   
7.53
%
$
730
 
First Niagara
 
Mar. 2008
 
15
 
177,774
   
100
%
 
           11.1
   
40,976
   
7.48
%
 
3,099
 
Rockland Trust
 
May-08
 
18
 
121,057
   
100
%
 
             9.7
   
32,188
   
7.86
%
 
2,530
 
PNC Bank (5)
 
Sep. &
 
2
 
8,403
   
59
%
 
           17.2
   
6,664
   
8.21
%
 
547
 
   
Oct. 2008
                                       
Rite Aid
 
Sep. 2008
 
6
 
74,919
   
100
%
 
           11.6
   
18,576
   
7.79
%
 
1,447
 
PNC
 
Nov. 2008
 
48
 
264,196
   
100
%
 
             7.0
   
40,925
   
7.36
%
 
3,013
 
       
90
 
701,789
               
149,023
         
11,366
 
                                             
2009 Acquisitions
                                           
FedEx II
 
Jul. 2009
 
1
 
152,640
   
100
%
 
           11.9
   
31,692
   
8.84
%
 
2,803
 
Walgreens
 
Jul. 2009
 
1
 
14,820
   
56
%
 
           20.6
   
3,818
   
8.12
%
 
310
 
CVS (6) (7)
 
Sep. 2009 &
 
10
 
131,105
   
86
%
 
           22.3
   
44,371
   
8.37
%
 
3,713
 
   
Sep. 2010
                                       
CVS II
 
Nov. 2009
 
15
 
198,729
   
100
%
 
           22.6
   
59,788
   
8.48
%
 
5,071
 
Home Depot
 
Dec. 2009
 
1
 
465,600
   
100
%
 
           18.1
   
23,532
   
9.31
%
 
2,192
 
BSFS
 
Dec. 2009
 
6
 
57,336
   
100
%
 
           12.5
   
15,041
   
9.24
%
 
1,390
 
   
& Jan. 2010
                                       
Advance Auto
 
Dec. 2009
 
1
 
7,000
   
100
%
 
           10.0
   
1,730
   
9.25
%
 
160
 
       
35
 
1,027,230
               
179,972
         
15,639
 
                                             
2010 Acquisitions
                                           
Fresenius
 
Jan. 2010
 
2
 
140,000
   
100
%
 
           10.7
   
12,183
   
9.3
%
 
1,159
 
Reckitt Benckiser
 
Feb. 2010
 
1
 
574,106
   
85
%
 
           10.2
   
31,100
   
8.41
%
 
2,668
 
Jack in the Box
 
Feb. 2010
 
5
 
12,253
   
100
%
 
           18.3
   
9,755
   
7.8
%
 
781
 
   
& Apr. 2010
                                       
BSFS II (8)
 
Feb. &
 
12
 
93,599
   
74
%
 
           12.1
   
25,902
   
8.7
%
 
2,299
 
   
Mar. 2010
                                       
FedEx III
 
Apr. 2010
 
1
 
118,796
   
85
%
 
             9.6
   
33,500
   
9.03
%
 
3,087
 
Jared Jewelry
 
May 2010
 
3
 
19,534
   
90
%
 
          17.2
   
5,342
   
12.44
%
 
679
 
Walgreens II
 
May 2010
 
1
 
14,820
   
100
%
 
          21.4
   
5,593
   
7.97
%
 
453
 
IHOP
 
May 2010
 
1
 
5,172
   
100
%
 
          14.3
   
2,398
   
8.22
%
 
201
 
Advance Auto II
 
Jun. 2010
 
3
 
19,253
   
100
%
 
          11.6
   
3,583
   
8.38
%
 
308
 
Super Stop &
 
Jun. 2010
 
1
 
59,032
   
100
%
 
           11.3
   
23,350
   
8.18
%
 
1,946
 
Shop
                                           
IHOP II
 
Jun. 2010
 
1
 
4,139
   
100
%
 
           10.3
   
2,255
   
8.87
%
 
204
 
IHOP III
 
Jun. 2010
 
1
 
5,111
   
100
%
 
           19.7
   
3,254
   
9.13
%
 
303
 
Jared Jewelry II
 
Jun. 2010
 
1
 
6,157
   
100
%
 
           15.2
   
1,589
   
12.78
%
 
209
 
Jack in the Box II
 
Jun. 2010
 
6
 
14,975
   
100
%
 
           18.6
   
11,150
   
7.83
%
 
892
 
Walgreens III
 
Jun. 2010
 
1
 
13,386
   
100
%
 
           22.4
   
4,968
   
7.61
%
 
385
 
Dollar General
 
Jul. 2010
 
1
 
8,988
   
100
%
 
           13.0
   
1,200
   
9.61
%
 
118
 
Tractor Supply
 
Jul. &
 
4
 
76,038
   
100
%
 
           13.5
   
10,892
   
8.98
%
 
978
 
   
Aug. 2010
                                       
Advance Auto III
 
Jul. 2010
 
3
 
19,752
   
100
%
 
           11.7
   
4,287
   
8.35
%
 
358
 
CSAA/CVS
 
Aug. 2010
 
1
 
15,214
   
100
%
 
           21.2
   
4,859
   
7.24
%
 
352
 
                                             
 
 
 

 
   
Acquisition/
                 
Remaining
 
Base
         
Annualized
 
   
Disposal
 
No. of
 
Square
   
Ownership
   
Lease
   
Purchase
   
Capitalization
   
Rental
 
Property
 
Date
 
Buildings
 
Feet
   
Percentage
   
Term(1)
   
Price(2)
   
Rate(3)
   
Income/NOI(4)
 
2010 Acquisitions (continued)
                                       
CSAA/First Fifth Bank (9)
 
Aug. 2010
 
2
 
8,252
   
100
%
 
           16.3
   
6,199
   
8.39
%
 
520
 
CSAA/Walgreens
 
Aug. 2010
 
5
 
84,263
   
100
%
 
           21.2
   
26,864
   
7.3
%
 
1,961
 
CSAA/Chase Bank (9)
 
Aug. 2010
 
2
 
8,030
   
100
%
 
           25.4
   
6,496
   
9.3
%
 
604
 
CSAA/Home Depot (9)
 
Sep. 2010
 
1
 
107,965
   
100
%
 
           16.2
   
8,720
   
7.12
%
 
621
 
IHOP IV
 
Sep. 2010
 
19
 
87,009
   
100
%
 
           13.0
   
30,000
   
9.44
%
 
2,833
 
O’Reilly Auto
 
Sep. 2010
 
1
 
9,500
   
100
%
 
             8.3
   
2,450
   
8.73
%
 
214
 
Walgreens IV
 
Sep. 2010
 
1
 
14,477
   
100
%
 
           23.4
   
6,439
   
7.75
%
 
499
 
Walgreens V
 
Sep. 2010
 
1
 
13,580
   
100
%
 
           22.2
   
4,767
   
7.95
%
 
379
 
Kum & Go
 
Sep. 2010
 
14
 
67,310
   
100
%
 
           13.4
   
22,515
   
9.21
%
 
2,074
 
FedEx IV
 
Sep. 2010
 
1
 
43,762
   
100
%
 
             8.7
   
3,576
   
8.28
%
 
296
 
AutoZone
 
Sep. 2010
 
4
 
28,880
   
100
%
 
           14.7
   
10,228
   
8.4
%
 
859
 
Brownshoe
 
Oct. 2010
 
1
 
351,723
   
100
%
 
           18.1
   
23,849
   
9.89
%
 
2,358
 
Payless
 
Oct. 2010
 
1
 
801,651
   
100
%
 
           13.4
   
44,924
   
9.37
%
 
4,211
 
Saint Joseph’s Mercy Medical
Oct. 2010
 
3
 
46,706
   
100
%
 
           12.3
   
9,838
   
7.79
%
 
766
 
Advance Auto IV
 
Nov. 2010
 
1
 
6,124
   
100
%
 
           13.8
   
1,270
   
8.35
%
 
106
 
Kum and Go II
 
Nov. 2010
 
2
 
8,008
   
100
%
 
           19.0
   
2,895
   
9.5
%
 
275
 
Tractor Supply II
 
Nov. 2010
 
3
 
57,368
   
100
%
 
           13.9
   
2,388
   
9.09
%
 
218
 
FedEx V
 
Nov. 2010
 
1
 
29,410
   
100
%
 
             8.8
   
2,800
   
8.29
%
 
232
 
Walgreens VI
 
Dec. 2010
 
7
 
102,930
   
100
%
 
           22.5
   
40,071
   
7
%
 
2,805
 
FedEx VI
 
Dec. 2010
 
1
 
142,160
   
100
%
 
           12.1
   
28,600
   
7.92
%
 
2,264
 
Dollar General II
 
Dec. 2010
 
1
 
9,100
   
100
%
 
           14.3
   
1,281
   
8.98
%
 
115
 
FedEx VII
 
Dec. 2010
 
1
 
101,350
   
100
%
 
           12.7
   
18,800
   
7.41
%
 
1,393
 
FedEx VIII
 
Dec. 2010
 
4
 
116,689
   
100
%
 
             6.7
   
10,891
   
8.2
%
 
893
 
BB&T
 
Dec. 2010
 
1
 
3,635
   
100
%
 
             8.1
   
3,781
   
7.88
%
 
298
 
Walgreens VII
 
Dec. 2010
 
1
 
14,490
   
100
%
 
           11.4
   
2,950
   
8.85
%
 
261
 
FedEx IX
 
Dec. 2010
 
1
 
64,556
   
100
%
 
             8.5
   
6,012
   
8.28
%
 
498
 
Dollar General III
 
Dec. 2010
 
3
 
27,128
   
100
%
 
           13.9
   
2,867
   
8.72
%
 
250
 
Tractor Supply III
 
Dec. 2010
 
1
 
18,860
   
100
%
 
           13.3
   
4,825
   
8.87
%
 
428
 
DaVita Dialysis
 
Dec. 2010
 
1
 
12,990
   
100
%
 
             7.7
   
2,848
   
8.15
%
 
232
 
Dollar General IV
 
Dec. 2010
 
1
 
9,167
   
100
%
 
           13.6
   
1,236
   
8.98
%
 
111
 
       
133
 
3,579,204
               
537,540
         
45,954
 
                                             
2011 Acquisitions
                                           
Lowes (9)
 
Jan. 2011
 
1
 
141,393
   
100
%
 
           14.6
   
10,018
   
6.74
%
 
675
 
Citizens
 
Jan. 2011
 
2
 
14,307
   
100
%
 
             7.2
   
3,811
   
9.11
%
 
347
 
QuickTrip
 
Jan. 2011
 
1
 
4,555
   
100
%
 
           12.3
   
3,330
   
8.74
%
 
291
 
Dillons
 
Jan. 2011
 
1
 
56,451
   
100
%
 
             7.9
   
5,075
   
7.8
%
 
396
 
Wawa
 
Jan. 2011
 
2
 
12,433
   
100
%
 
           15.4
   
17,209
   
7
%
 
1,205
 
Walgreens VIII
 
Jan. 2011
 
9
 
122,963
   
100
%
 
           23.3
   
54,569
   
6.86
%
 
3,742
 
DaVita Dialysis II
 
Feb. 2011
 
4
 
23,154
   
100
%
 
           10.5
   
8,013
   
8.9
%
 
713
 
CVS III
 
Feb. 2011
 
1
 
13,338
   
100
%
 
           25.2
   
5,199
   
7.25
%
 
377
 
Citigroup, Inc.
 
Feb. 2011
 
1
 
64,036
   
100
%
 
           13.8
   
27,275
   
7
%
 
1,910
 
Coats &  Clark
 
Feb. 2011
 
1
 
401,512
   
100
%
 
             9.1
   
9,523
   
9.84
%
 
937
 
Walgreens IX
 
Feb. 2011
 
1
 
13,569
   
100
%
 
           21.9
   
5,460
   
7.34
%
 
401
 
Express Scripts
 
Mar. 2011
 
2
 
416,141
   
100
%
 
             7.5
   
51,281
   
9.02
%
 
4,623
 
DaVita Dialysis III
 
Mar. 2011
 
1
 
18,185
   
100
%
 
           11.5
   
6,565
   
7.72
%
 
507
 
                                             
 
 
 

 
   
Acquisition/
                 
Remaining
 
Base
         
Annualized
 
   
Disposal
 
No. of
 
Square
   
Ownership
   
Lease
   
Purchase
   
Capitalization
   
Rental
 
Property
 
Date
 
Buildings
 
Feet
   
Percentage
   
Term(1)
   
Price(2)
   
Rate(3)
   
Income/NOI(4)
 
2011Acquisitions (continued)
                                       
Dollar General V
 
Mar. 2011
 
6
 
55,363
   
100
%
 
           14.2
   
5,195
   
8.84
%
 
459
 
Wal-Mart
 
Mar. 2011
 
1
 
183,442
   
100
%
 
             7.4
   
12,633
   
7.15
%
 
903
 
Kohl’s
 
Mar. 2011
 
1
 
88,408
   
100
%
 
           14.2
   
10,182
   
7.15
%
 
728
 
Texas Instruments
 
Mar. 2011
 
1
 
125,000
   
100
%
 
             9.0
   
32,000
   
7.88
%
 
2,522
 
Sam’s Club (9)
 
Mar. 2011
 
1
 
141,583
   
100
%
 
           13.8
   
12,821
   
6.64
%
 
851
 
CVS IV
 
Mar. 2011
 
1
 
13,225
   
100
%
 
           23.2
   
5,330
   
7.95
%
 
424
 
Walgreens X
 
Mar. 2011
 
2
 
27,760
   
100
%
 
           18.7
   
9,000
   
7.46
%
 
671
 
CVS V
 
Mar. 2011
 
1
 
12,900
   
100
%
 
           22.2
   
5,759
   
7.29
%
 
420
 
Provident Bank
 
Mar. 2011
 
1
 
2,950
   
100
%
 
           22.2
   
2,589
   
9.15
%
 
237
 
Dillons II
 
Mar. 2011
 
1
 
63,858
   
100
%
 
             9.8
   
6,420
   
7.49
%
 
481
 
FedEx X
 
Mar. & May 2011
2
 
204,157
   
100
%
 
           13.7
   
32,200
   
7.98
%
 
2,570
 
3M
 
Mar. 2011
 
1
 
650,760
   
100
%
 
             9.4
   
44,800
   
7.35
%
 
3,294
 
Bojangles
 
Mar. 2011
 
13
 
47,865
   
100
%
 
           11.5
   
24,789
   
8.85
%
 
2,193
 
Tractor Supply II
 
Mar. 2011
 
2
 
38,194
   
100
%
 
           14.2
   
5,103
   
9.07
%
 
463
 
Dollar General VI
 
Apr. 2011
 
2
 
18,428
   
100
%
 
           14.4
   
1,856
   
9
%
 
167
 
Dollar General VII
 
Apr. 2011
 
2
 
18,340
   
100
%
 
           14.4
   
2,093
   
8.98
%
 
188
 
O'Reilly Auto II
 
Apr. 2011
 
1
 
8,154
   
100
%
 
           11.2
   
1,894
   
8.92
%
 
169
 
Walgreens XI
 
Apr. 2011
 
1
 
14,550
   
100
%
 
           23.6
   
4,993
   
7.35
%
 
367
 
DaVita Dialysis IV
 
Apr. 2011
 
1
 
6,020
   
100
%
 
             8.0
   
2,061
   
8.88
%
 
183
 
Whirlpool
 
Apr. 2011
 
1
 
750,000
   
100
%
 
             9.3
   
19,837
   
8.1
%
 
1,606
 
Wrangler
 
Apr. 2011
 
1
 
316,800
   
100
%
 
             9.1
   
17,286
   
8.2
%
 
1,417
 
Walgreens XII
 
Apr. 2011
 
1
 
13,605
   
100
%
 
           22.2
   
4,380
   
8.2
%
 
359
 
7-Eleven
 
May 2011
 
1
 
3,074
   
100
%
 
             8.9
   
2,950
   
8.24
%
 
243
 
BSFS III
 
May 2011
 
1
 
7,864
   
100
%
 
           14.1
   
2,661
   
8.53
%
 
227
 
Kohls II
 
May 2011
 
1
 
64,250
   
100
%
 
           19.2
   
6,398
   
7.5
%
 
480
 
National Tire & Battery
 
May 2011
 
3
 
33,920
   
100
%
 
           13.8
   
5,921
   
8.16
%
 
483
 
CVS VI
 
May 2011
 
1
 
13,224
   
100
%
 
           23.2
   
9,110
   
7.21
%
 
657
 
BSFS IV
 
May 2011
 
3
 
22,904
   
100
%
 
           13.0
   
8,539
   
8.6
%
 
734
 
FedEx XI
 
May 2011
 
1
 
125,502
   
100
%
 
           10.3
   
39,000
   
7.94
%
 
3,095
 
Pep Boys
 
May 2011
 
3
 
60,140
   
100
%
 
           11.7
   
12,951
   
8.68
%
 
1,124
 
Tops Market
 
May 2011
 
1
 
57,833
   
100
%
 
           11.3
   
10,956
   
7.61
%
 
834
 
7-Eleven II
 
May 2011
 
1
 
2,940
   
100
%
 
             9.1
   
2,105
   
7.55
%
 
159
 
General Electric
 
May 2011
 
1
 
484,348
   
100
%
 
             7.3
   
23,688
   
7.62
%
 
1,806
 
Wal-Mart II
 
May 2011
 
1
 
151,925
   
100
%
 
             7.2
   
12,415
   
8.01
%
 
995
 
USPS
 
May 2011
 
1
 
39,297
   
100
%
 
           13.4
   
7,260
   
6.79
%
 
493
 
Walgreens XIII
 
May 2011
 
2
 
27,195
   
100
%
 
           16.7
   
9,819
   
7.25
%
 
712
 
Walgreens XIV
 
Jun. 2011
 
1
 
14,820
   
100
%
 
           21.5
   
3,986
   
7.15
%
 
285
 
Mrs. Bairds
 
Jun. 2011
 
2
 
30,120
   
100
%
 
             7.8
   
3,169
   
8.36
%
 
265
 
Walgreens XV
 
Jun. 2011
 
1
 
14,480
   
100
%
 
           21.5
   
4,912
   
7.13
%
 
350
 
O'Reilly’s III
 
Jun. 2011
 
1
 
8,160
   
100
%
 
           11.4
   
2,000
   
8.7
%
 
174
 
FedEx XII
 
Jun. 2011
 
1
 
182,326
   
100
%
 
           11.4
   
35,000
   
7.79
%
 
2,726
 
Walgreens XVI
 
Jun. 2011
 
6
 
52,400
   
100
%
 
           22.2
   
51,160
   
6.63
%
 
3,392
 
VA Clinic (10)
 
Jun. 2011
 
1
 
10,768
   
100
%
 
             9.2
   
3,190
   
8.31
%
 
265
 
BSFS V
 
Jun. 2011
 
1
 
159,797
   
100
%
 
           10.4
   
9,040
   
8.53
%
 
771
 
Tractor Supply IV
 
Jun. 2011
 
1
 
19,097
   
100
%
 
           11.5
   
1,750
   
13.94
%
 
244
 
O'Reilly's IV
 
Jun. 2011
 
2
 
16,000
   
100
%
 
           11.3
   
3,724
   
8.75
%
 
326
 
Trader Joe's
 
Jun. 2011
 
1
 
31,920
   
100
%
 
           10.1
   
5,550
   
12.16
%
 
675
 
Dollar General VIII
 
Jul. & Aug. 2011
 
3
 
27,152
   
100
%
 
           14.7
   
2,850
   
8.74
%
 
249
 
Dollar General IX
 
Jul. 2011
 
1
 
9,348
   
100
%
 
           14.7
   
885
   
9.04
%
 
80
 
                                             
 
 
 

 
   
Acquisition/
                 
Remaining
 
Base
         
Annualized
 
   
Disposal
 
No. of
 
Square
   
Ownership
   
Lease
   
Purchase
   
Capitalization
   
Rental
 
Property
 
Date
 
Buildings
 
Feet
   
Percentage
   
Term(1)
   
Price(2)
   
Rate(3)
   
Income/NOI(4)
 
2011Acquisitions (continued)
                                       
GSA I (10)
 
Jul. 2011
 
1
 
10,784
   
100
%
 
             7.2
   
6,025
   
8.28
%
 
499
 
Lockheed Martin
 
Jul. 2011
 
1
 
102,466
   
100
%
 
             8.1
   
13,048
   
8.05
%
 
1,050
 
FedEx XIII
 
Jul. 2011
 
4
 
274,602
   
100
%
 
             8.2
   
27,615
   
7.96
%
 
2,199
 
GSA II (10)
 
Aug. 2011
 
1
 
10,803
   
100
%
 
             8.8
   
4,546
   
7.81
%
 
355
 
Dollar General X
 
Aug. & Sep. 2011
6
 
55,200
   
100
%
 
           14.7
   
5,418
   
8.84
%
 
479
 
PetSmart
 
Aug. 2011
 
1
 
1,000,375
   
100
%
 
           10.6
   
48,648
   
7.55
%
 
3,672
 
GSA III (10)
 
Aug. 2011
 
1
 
11,190
   
100
%
 
           14.7
   
4,355
   
7.94
%
 
346
 
Verizon
 
Aug. 2011
 
1
 
40,000
   
100
%
 
           10.0
   
12,600
   
8.27
%
 
1,042
 
CVS VI
 
Aug. 2011
 
1
 
11,945
   
100
%
 
           17.2
   
2,805
   
7.45
%
 
209
 
Renal Advantage
 
Aug. 2011
 
9
 
74,457
   
100
%
 
           11.6
   
19,010
   
9.65
%
 
1,834
 
GSA IV (10)
 
Aug. 2011
 
1
 
23,485
   
100
%
 
             9.4
   
7,424
   
8.45
%
 
627
 
Lowes II
 
Aug. 2011
 
1
 
135,197
   
100
%
 
             9.3
   
15,000
   
7.33
%
 
1,099
 
GSA V (10)
 
Aug. 2011
 
1
 
64,455
   
100
%
 
             7.1
   
7,250
   
8.08
%
 
586
 
CVS VII
 
Sep. 2011
 
1
 
10,885
   
100
%
 
           10.2
   
2,820
   
8.19
%
 
231
 
Sealy
 
Sep. 2011
 
1
 
257,000
   
100
%
 
           12.0
   
17,944
   
8.95
%
 
1,606
 
GSA VI (10)
 
Sep. 2011
 
1
 
34,285
   
100
%
 
           14.7
   
8,590
   
8.07
%
 
693
 
GSA VII (10)
 
Sep. 2011
 
1
 
25,508
   
100
%
 
           14.7
   
6,642
   
8.6
%
 
571
 
GSA VIII (10)
 
Oct. 2011
 
1
 
29,150
   
100
%
 
             9.3
   
4,775
   
8.06
%
 
                  385
 
GSA IX (10)
 
Oct. 2011
 
1
 
17,629
   
100
%
 
             9.9
   
6,750
   
8.22
%
 
                  555
 
GSA X (10)
 
Oct. 2011
 
1
 
43,596
   
100
%
 
           11.9
   
13,000
   
7.75
%
 
               1,007
 
 Reliant Rehab Hospital
 
Oct. 2011
 
1
 
65,141
   
100
%
 
           18.9
   
32,300
   
10.28
%
 
               3,322
 
 ConAgra Data Center
 
Oct. 2011
 
1
 
65,000
   
100
%
 
           13.7
   
20,000
   
8.24
%
 
               1,648
 
GSA XI (10)
 
Oct. 2011
 
1
 
30,762
   
100
%
 
           14.6
   
9,000
   
7.99
%
 
                  719
 
 Dollar General XI
 
Oct. 2011
 
2
 
18,225
   
100
%
 
           14.8
   
1,926
   
8.31
%
 
                  160
 
 Dollar General XII
 
Oct. & Nov. 11
 
41
 
377,991
   
100
%
 
           14.5
   
41,881
   
8.23
%
 
               3,447
 
 Whirlpool II
 
Nov. 2011
 
1
 
700,350
   
100
%
 
             9.9
   
23,148
   
7.5
%
 
               1,736
 
 Dollar General XIII
 
Nov. 2011
 
1
 
9,234
   
100
%
 
           14.8
   
932
   
8.8
%
 
                    82
 
FedEx XIV
 
Nov. 2011
 
1
 
81,612
   
100
%
 
           10.3
   
4,592
   
9.49
%
 
                  436
 
 FedEx XV
 
Nov. 2011
 
1
 
252,505
   
100
%
 
           15.1
   
56,000
   
7.49
%
 
               4,194
 
 FedEx Ground XVI
 
Nov. 2011
 
1
 
194,262
   
100
%
 
           10.1
   
20,000
   
7.6
%
 
               1,520
 
 Autozone II
 
Nov. 2011
 
1
 
6,813
   
100
%
 
           14.5
   
1,325
   
7.62
%
 
                  101
 
 Aaron’s 18-Pack
 
Dec. 2011
 
18
 
214,739
   
100
%
 
10.9
   
25836
   
8.45
%
 
2,184
 
       
220
 
   10,023,849
               
     1,222,743
         
             97,234
 
                                             
Other investments (11)
                           
29,625
             
Total investment portfolio
 
478
 
15,332,072
         
13.7
 
$
     2,118,903
    8.15  
$
170,193
 
                                             
 
 
 
 

 
_________
 
(1)  
Remaining lease term as of November 30, 2011, in years. If the portfolio has multiple locations with varying lease expirations, remaining lease term is calculated on a weighted-average basis. Total remaining lease term is an average of the remaining lease term of the total portfolio.
   
(2)  
Contract purchase price excluding acquisition and transaction-related costs. Acquisition and transaction-related costs include legal costs, acquisition fees paid to the Advisor and closing costs on the property.
   
(3)  
Annualized rental income on a straight-line basis or annualized net operating income (“NOI”) as applicable, divided by base purchase price. Total capitalization rate is an average of the capitalization rate of the total portfolio.
   
(4)  
Annualized rental income/NOI for net leases is rental income on a straight-line basis as of November 30, 2011, which includes the effect of tenant concessions such as free rent, as applicable. For gross leased properties amount is rental income on a straight-line basis as of November 30, 2011, which includes the effect of tenant concessions such as free rent, as applicable, plus operating expense reimbursement revenue less property operating expenses.
   
(5)
Ownership percentage is 51% of one property and 65% of one property.
   
(6)
Ownership percentage of three properties is 51% and 100% of the remaining seven properties.
   
(7)
Ownership percentage of six properties is 51% and 100% of the remaining six properties.
   
(8)
Includes the September 2010 purchase of a parcel of land with a ground lease which contains a previously purchased CVS pharmacy.
   
(9)
Property is a parcel of land with a ground lease which contains a building that will be conveyed to the Company at the end of the ground lease. Square footage and number of buildings refers to the building that is constructed on the parcel of land.
   
(10)
Lease on the property is a gross lease. As such, annualized rental income/NOI for this property is rental income on a straight-line basis as of November 30, 2011, which includes the effect of tenant concessions such as free rent, as applicable, plus operating expense reimbursement revenue less property operating expenses.
   
(11)
Includes a $12.0 million investment in a joint venture and $17.6 million in investments in the common stock of other real estate investment trusts.


Item 9.01    Financial Statements and Exhibits.

(d) Exhibits.

99.1
Press Release dated December 5, 2011

 
 

 

 

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, INC.
 
         
         
Date: December 8, 2011
By:
/s/ Nicholas S. Schorsch 
 
   
Name:
Nicholas S. Schorsch
 
   
Title:
Chief Executive Officer and
Chairman of the Board of Directors