American Realty Capital Continues Expansion of Executive Team with Appointment of...

American Realty Capital Continues Expansion of Executive Team with Appointment of In-House Counsel

NEW YORK--(Business Wire)--
American Realty Capital announced the appointment of Jesse
Galloway as its Assistant General Counsel. Mr. Galloway will advise
ARC's senior management team on real estate related legal issues. He
will work closely with the Company's outside legal counsel in
representing ARC in its commercial real estate and financial
transactions, including legal activities related to American Realty
Capital Trust, the non-traded, public REIT which ARC advises, ARC's
financing programs, including the private placement of notes, and
American Realty Capital's Growth Fund, which purchases and repositions
vacant bank branches.

"We are delighted to welcome Jesse to American Realty Capital,"
said Nicholas S. Schorsch, CEO of American Realty Capital. "His strong
real estate and financing background will continue to broaden the
depth of our platform and should prove advantageous in augmenting our
transactional capabilities."

Mr. Galloway brings extensive financial and commercial real estate
experience to American Realty Capital. Most recently, while at the law
firm of Cadwalader Wickersham & Taft, LLP, he represented investment
banks, major financial institutions and commercial banks in commercial
real estate finance transactions.

Jesse began his career at Harris Beach, LLP, a full service law
firm based in Rochester, New York, where he specialized in commercial
real estate development and financial matters. After 5 years with
Harris Beach, he transitioned to Credit Suisse's real estate finance
and securitization group.

Mr. Galloway earned a Bachelor of Arts from John Carroll
University and his law degree from the University of Richmond. Jesse
was an intern for the U.S. District Court for the Western District of
New York as well as the United States House of Representatives.

About American Realty Capital:

American Realty Capital was formed by Nicholas S. Schorsch and
William M. Kahane. As CEO and board member, respectively, the two were
behind the growth of American Financial Realty Trust, where they
acquired over 1,500 properties valued at more than $5 billion. In the
last five years, ARC's executive team has collectively negotiated and
closed on over $7 billion of bank branch and net leased real estate.

For more information, visit www.americanrealtycap.com.

This press release may contain forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995.
Actual results and trends could differ materially from those set forth
in such statements due to various factors.

American Realty Capital
Sarah Fisher, 857-350-9521
sfisher@rcsecurities.com

Copyright Business Wire 2008