american realty capital global trust, inc.arcglobaltrust.com/arc-global_investorpresentation.pdf ·...

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* ARC Global intends to qualify as a REIT beginning with the taxable year ending December 31, 2012. * American Realty Capital GlobalTrust, Inc. (“ARC Global”) intends to qualify as a real estate investment trust (“REIT”) beginning with the taxable year ending December 31, 2012. THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN.AN OFFERING IS MADE ONLY BY PROSPECTUS.THIS LITERATURE MUST BE PRECEDED OR ACCOMPANIED BY A CURRENT PROSPECTUS.AS SUCH, A COPY OF THE CURRENT PROSPECTUS MUST BE MADE AVAILABLE TO YOU IN CONNECTION WITH THIS OFFERING AND SHOULD BE READ IN ORDER TO UNDERSTAND FULLY ALL OF THE IMPLICATIONS AND RISKS OF THIS OFFERING. NO OFFERING IS MADE EXCEPT BY A PROSPECTUS FILED WITH THE DEPARTMENT OF LAWOF THE STATE OF NEW YORK.NEITHER THE ATTORNEY-GENERALOF THE STATE OF NEW YORK NOR ANY OTHER STATEOR FEDERAL REGULATOR HAS PASSED ON OR ENDORSED THE MERITS OF THIS OFFERING OR THESE SECURITIES OR CONFIRMED THE ADEQUACY OR ACCURACY OF THE PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL. ALL INFORMATION CONTAINED IN THIS MATERIAL IS QUALIFIED IN ITS ENTIRETY BY THE TERMS OF THE CURRENT PROSPECTUS.THE ACHIEVEMENT OF ANY GOALS IS NOT GUARANTEED.AN INVESTMENT SHOULD ONLY BE MADE AFTER A CAREFUL REVIEW OFTHE PROSPECTUS. American Realty Capital Global Trust, Inc.

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Page 1: American Realty Capital Global Trust, Inc.arcglobaltrust.com/ARC-Global_InvestorPresentation.pdf · * ARC Global intends to qualify as a REIT beginning with the taxable year ending

* ARC Global intends to qualify as a REIT beginning with the taxable year ending December 31, 2012.

* American Realty Capital GlobalTrust, Inc. (“ARC Global”) intends to qualify as a real estate investment trust (“REIT”) beginning with the taxable yearending December 31, 2012.

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. AN OFFERING IS MADE ONLY BY PROSPECTUS. THIS LITERATUREMUST BE PRECEDED OR ACCOMPANIED BY A CURRENT PROSPECTUS. AS SUCH, A COPY OF THE CURRENT PROSPECTUS MUST BE MADE AVAILABLE TO YOU IN CONNECTION WITHTHIS OFFERING AND SHOULD BE READ IN ORDER TO UNDERSTAND FULLY ALL OF THE IMPLICATIONS AND RISKS OF THIS OFFERING. NO OFFERING IS MADE EXCEPT BY APROSPECTUS FILED WITH THE DEPARTMENT OF LAW OF THE STATE OF NEW YORK. NEITHER THE ATTORNEY-GENERAL OF THE STATE OF NEW YORK NOR ANY OTHER STATE ORFEDERAL REGULATOR HAS PASSED ON OR ENDORSED THE MERITS OF THIS OFFERING OR THESE SECURITIES OR CONFIRMED THE ADEQUACY OR ACCURACY OF THE PROSPECTUS.ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL. ALL INFORMATION CONTAINED IN THIS MATERIAL IS QUALIFIED IN ITS ENTIRETY BY THE TERMS OF THE CURRENTPROSPECTUS.THE ACHIEVEMENT OF ANY GOALS IS NOT GUARANTEED.AN INVESTMENT SHOULD ONLY BE MADE AFTER A CAREFUL REVIEW OFTHE PROSPECTUS.

American Realty Capital Global Trust, Inc.

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* ARC Global intends to qualify as a REIT beginning with the taxable year ending December 31, 2012.

“Our continuing goal is to redefine the meaning of ‘best practices’ in the non-traded REIT industry. This means constantly urging on the industry greater transparency and a better alignment of interests between management and investors. ARC Global is a shining example of our commitment to these important principles.”

− Nicholas S. SchorschChairman and Chief Executive Officer

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•Distributions are not guaranteed. Due to the risks involved in the ownership of real estate, there is no guarantee of anyreturn on your investment, and you may lose all or a portion of your investment.

•We are a “blind pool” offering because we currently do not own any investment properties and we have not identifiedany properties to acquire. Therefore, you will not have the opportunity to evaluate our investments before we makethem, which makes an investment in us more speculative.

•Adverse changes in the financial condition of our advisor or any service provider or our relationship with our advisoror any service provider could adversely affect us.

•There are unique risks associated with investing in foreign real estate. Because of these unique risks, we may sufferunexpected losses due to currency risks and changes in the European markets that differ from the U.S. markets.

•Recharacterization of sale-leaseback transactions for U.S. federal tax purposes may prevent us from qualifying orremaining qualified as a REIT.

Risk FactorsInvesting in our common stock involves a high degree of risk. You should purchase these securities only if you canafford a complete loss of your investment. See the section entitled “Risk Factors” beginning on page 29 of theprospectus for a discussion of the risks which should be considered in connection with your investment in ourcommon stock, including:

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* ARC Global intends to qualify as a REIT beginning with the taxable year ending December 31, 2012.

Risk Factors (Continued)•There are substantial conflicts among the interests of our investors, our interests and the interests of our advisor,sponsor, dealer manager and our and their respective affiliates regarding compensation, investment opportunities andmanagement resources. For example, we will pay substantial fees to our advisor and its affiliates, including fees based onNAV, which the advisor will be responsible for calculating. Because these fees are based on NAV, the advisor and itsaffiliates will benefit from our shares having higher NAV and therefore they have an incentive to cause the NAV to behigher.

•Our organizational documents permit us to pay distributions from unlimited amounts of any source. Until substantiallyall the proceeds from this offering are invested, we may use proceeds from this offering and financings to funddistributions until we have sufficient cash flow, which could constitute a return of capital to you.

•Any of these distributions may reduce the amount of capital we ultimately invest in properties and other permittedinvestments and negatively impact the value of your investment.

•Our failure to qualify, or remain qualified, as a REIT would result in higher taxes, may adversely affect our operations,and would reduce our NAV and cash available for distributions.

•Under our Charter, we may borrow up to 300% of our total net assets. Due to this indebtedness, we may be affected byvarious business risks.

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* ARC Global intends to qualify as a REIT beginning with the taxable year ending December 31, 2012.

Risk Factors (Continued)•Since our sponsor manages other real estate programs, it faces competing demands related to its time, which may causeour operating results to suffer.

•After the fiscal quarter in which we acquire at least $1.2 billion in total portfolio assets, the purchase price and redemption price for our shares, including shares sold pursuant to our distribution reinvestment plan, will be based on NAV, which may not accurately reflect the value of our assets. No public market exists for our shares of common stock, no may a public market ever exist.

•Our quarterly NAV will be based upon subjective judgments, assumptions and opinions about future events, and may not be accurate. As a result, our quarterly NAV per share may not reflect the amount that you might receive for your shares in a market transaction and if you purchase shares on the day that we calculate NAV, you will not know the NAV per share at the time of purchase. It may be difficult to accurately reflect material events that may impact our quarterly NAV between valuations and accordingly we may be selling and repurchasing shares at too high or too low a price.

•There are limitations on ownership and transferability of our shares. Please see “Description of Securities —Restrictions on Ownership andTransfer.”

•The management of multiple REITs by our executive officers of our Adviser may significantly reduce the amount oftime spent on activities related to us and cause other conflicts of interest, which may cause operating results to suffer.

•We will compete for investors with other programs of our sponsor.

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ARC Global – The Opportunity

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American Realty Capital Global Trust, Inc. (“ARC

Global”) is a global sale-leaseback focused real estate investment trust which intends to qualify as a REIT beginning with the taxable year ending December 31, 2012.

• The company is designed to purchase commercial properties with the objective of building a diversified pool of assets, emphasizing corporate sale-leaseback transactions involving single tenant properties.

• Our primary geographic targets will be the United States (with a targeted 50% portfolio weighting) and Europe (with a targeted 40% portfolio weighting), with the balance, approximately 10% of our portfolio purchased elsewhere internationally.1

• The team executing the investment strategy includes Moor Park (our European service provider) a firm whose members manage $2 billion of real estate assets and have structured and executed €22 billion (approx. $28.5 billion) of real estate transactions to date.2

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1 Investments in Europe and other foreign territories come with unique risks. We may incur losses from changes in foreign markets that do not affect domestic U.S. markets.

2 Source: American Realty Capital Global Trust, Inc., prospectus dated August 17, 2012, as filed with the Securities and Exchange Commission on August 24, 2012.

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Investment Opportunity► In management’s view, corporations in the

U.S. and Europe are seeking to use real estate to recapitalize their balance sheets

Opportunity to construct fixed-income returns backed by assets, which ARC Global aims to purchase at discounts to replacement cost

► The United States Federal Reserve announces low interest rates through 20151

We believe that the anticipated lower cost of financing in the current cycle augments the buying opportunity in the U.S. sale-leaseback sector in the current cycle

► American Realty Capital partners with Moor Park

Experience and successful track records in sale-leaseback transactions2 in U.S. and European markets3

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(1) CBRE U.S. Viewpoint, 2012 Shifting Landscape. February, 2012. (2) Recharacterization of a sale-leaseback for tax purposes may prevent us from obtaining or maintaining our REIT status. Non-payment of rent(s) by any single tenant will reduce our revenues. (3) Investments in Europe and other foreign territories come with unique risks. We may incur losses from changes in foreign markets that do not affect domestic U.S. markets.

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Corporations continue to seek the lowest cost of capital in order to operate efficiently and profitably. Options may include:

► Equity Capital Markets: Initial and secondary offerings are time consuming and costly, with many unknown variables and unpredictable outcomes

► Debt Capital Markets: Availability and pricing is subject to market demand; corporate covenants may restrict increasing capacity

► Corporate Sale-Leaseback:2 With this strategy, a company can get its real property assets off its balance sheet and turn non-earning real estate assets into cash proceeds for deployment into the business, with potential favorable accounting treatment3

Overview: Corporate Cost of Capital1

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(1) Equity Capital is subject to supply-demand constraints and is the most expensive form of capital as providers expect the highest return for the highest amount of risk. Debt Capital, while potentially the cheapest form of capital, is often highly constrained in terms of availability, size or leverage, relative to a company and is often the most restrictive. Corporate Sale Leasebacks are an alternative way for companies to raise funds. (2) Recharacterization of a sale-leaseback for tax purposes may prevent us from obtaining or maintaining our REIT status. Non-payment of rent(s) by any single tenant will reduce our revenues. (3) Corporate Sale Leasebacks can, at times, cost more than Debt Capital. However, funds available within the Corporate Sale Leaseback market are less dependent on macroeconomic events and provide more proceeds than the Debt Markets for similar levels of corporate income.

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►Transaction volume increased in 2011: Volume totaled $216 billion, significantly higher than 2010.1

►Net absorption2 forecasted to trend substantially higher than completions: Net absorption totaled 60 million square feet in 2011, nearly double the record low of 35 million square feet completed.3

►Overall vacancy rates declining: 2011 vacancy rates declined to 9.7%.4

Overview of the U.S. Real Estate Market

(1) Real Capital Analytics, CBRE US Viewpoint. February 2012. (2) Net Absorption is a figure quantifying a specific rate at which the market can absorb supply. In this case, the rate at which the supply of commercial real estate can be met by the demand in the market place. (3)The Retail Outlook. Marcus Millichap. 2012. (4) The Retail Outlook. Marcus Millichap. 2012.

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Overview of the European Real Estate Market1

► 3rd Largest Global Economy: If the European Union (“EU”) were considered a single economy, it would be the third largest in the world, after China and India.

► 26% of the World’s GDP: The EU, collectively, had GDP in 2010 of $16.3 trillion, representing approximately 26% of the world’s GDP.

► Investment in European Properties is Growing: Commercial real estate investment in Europe totaled €118 billion (approx. $153 billion) in 2011, a 7% increase over 2010.

► High Concentration of European Commercial Real Estate: 65% of overall investment value located in UK, Germany, France and Spain.

► High Corporate Real Estate Ownership: 75% of commercial real estate in Germany is owned by corporations operating from these buildings. The same figures are 50% and 31% in the U.K. and U.S., respectively.

1 Sources: CBRE Moor Park Proprietary Research. BRE “MarketView: European Capital Markets.” Q4 2011. ©2012, CBRE Ltd.

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US, 34%European

Union, 66%

► EU corporate sale-leaseback market is 2X larger than US

► Based on recent market reports by CBRE, the trend in EU sale-leaseback transactions has been expanding and diversifying by country over time, formerly dominated by just the UK and Germany.

Overview of the European Real Estate Market1

Estimated Sale-Leaseback market (EU and US)

Sources: CBRE European Sale And Leasebacks. A Viable Alternative For Raising Capital? 2009; CBRE Corporate Sale And Leasebacks. An Opportunity In Today’s More Challenging Market. 2008; CBRE 2012 Special Report. U.S. Sale/Leasebacks: Unlocking Value. 2012.

(1) Investments in Europe and other foreign territories come with unique risks. We may incur losses from changes in foreign markets that do not affect domestic U.S. markets.

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$5 trillion of corporate owned real estate

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ARC Global – The Investment

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Sale-Leaseback Illustrated► Long term corporate sale-leaseback transactions1

► Properties are expected to be mainly triple net leased to corporate tenants

Triple Net Lease—Tenant pays:

• Operating expenses, real estate taxes, insurance, repair and maintenance and capital costs

Company sells its property to ARC Global and then occupies the property as a tenant: (A) Company receives proceeds to invest in its business; (B) ARC Global receives lease income.

Sale – Leaseback Illustrated

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1 Recharacterization of a sale-leaseback for tax purposes may prevent us from obtaining or maintaining our REIT status. Non-payment of rent(s) by any single tenant will reduce our revenues.

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Investment Execution+ Corporate Sale-Leaseback Focus1: Acquire properties primarily through long-term corporate sale-leaseback transactions.

• A corporate sale-leaseback allows a company to sell its non-earning property and simultaneously lease it back from the buyer.

+ Global Diversification2: We intend to assemble a portfolio not less than 50% from within the United States, up to 40% in Europe, and up to 10% elsewhere internationally (as measured by net operating income or, “NOI”)

• A significant focus on European markets should allow investors the ability to participate in the recapitalization of corporate Europe.

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(1) Recharacterization of a sale-leaseback for tax purposes may prevent us from obtaining or maintaining our REIT status. Non-payment of rent(s) by any single tenant will reduce our revenues. (2) Investments in Europe and other foreign territories come with unique risks. We may incur losses from changes in foreign markets that do not affect domestic U.S. markets. (3) Percentage estimates reflect targeted geographic diversification as a percentage of the Company’s annual net operating income or, “NOI.”

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► Buy single-tenant commercial properties primarily sourced from corporate sale-leaseback transactions1

► Create asset diversification focusing on investment grade tenants2

► Focus acquisitions on mission-critical real estate

► Structure long-term leases with contractual rent growth

► Utilize prudent leverage

► Diversify the portfolio across the United States and Europe3

► Create a portfolio backed by real estate, designed to provide dependable cash-flow and potential for growth4

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Investment Strategy

(1) Recharacterization of a sale-leaseback for tax purposes may prevent us from obtaining or maintaining our REIT status. Non-payment of rent(s) by any single tenant will reduce our revenues. (2) “Investment grade” is a determination made by major credit rating agencies. (3) Investments in Europe and other foreign territories come with unique risks. We may incur losses from changes in foreign markets that do not affect domestic U.S. markets. (4) There is no guarantee that any investment will achieve its objectives, generate profits or avoid losses.

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(1) If we do not begin the process of achieving a liquidity event by the sixth anniversary of the termination of this offering, our charter requires, unless extended by a majority of the board of directors and a majority of the independent directors, that we hold a stockholders meeting to vote on a proposal for our orderly liquidation of our portfolio. If the adoption of a plan of liquidation is postponed, our board of directors will reconsider whether liquidation is in the best interests of our stockholders at least annually. If the board does not decide to pursue a liquidity event, or the stockholders do not approve a liquidity event, we could continue to operate indefinitely.

List on Public Exchange

Sale of Property Portfolio to Strategic Buyer

Sale of Individual Assets

Defined Exit Strategy1

OR

OR

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Offering DetailsOffering Size: $1.5 billion The aggregate offering amount and price per share are not fixed and will fluctuate after we

begin to calculate NAV.

Share Price: $10.00 per share, then at net asset value (calculated quarterly, plus applicable selling costs) beginning the first calendar quarter following the acquisition of $1.2 billion in assets.1

Minimum Investment: $2,500Minimum investments may differ in certain states. See Prospectus for details.

Distribution Reinvestment Plan: Greater of $9.50, or 95% of NAV2

1. Our independent valuer, Duff & Phelps, LLC, will appraise our properties at least annually and appraisals will be scheduled over the course of a year so that approximately 25% of all of our properties are appraised each quarter. The independent valuer will then use those appraisals to make an estimate of our property portfolio along with other material information and other data. Our advisor then will calculate our NAV per share quarterly by calculating the net value of our operating partnership’s real estate and real estate-related assets, which will include the consideration of appraisals and estimates provided by our independent valuer, minus liabilities, including accrued fees and accrued distributions, divided by our shares outstanding. Our advisor is responsible for the ultimate calculation of the quarterly NAV, subject to board approval. The board will oversee the advisor’s NAV calculation and review the process used by our advisor to estimate accrued liabilities and calculate NAV on a quarterly basis. Our independent valuer will use methodologies based on judgments, assumptions and opinions about future events that may or may not prove to be correct, and if different judgments, assumptions or opinions were used, a different estimate would likely result. Furthermore, our published NAV per share may not fully reflect certain extraordinary events, including, without limitation, the unexpected renewal or termination of a material lease, or unanticipated structural or environmental events affecting the value of a property, because we may not be able to quantify the financial impact of such events on our portfolio right away.

2. Until we calculate NAV, shares sold pursuant to our distribution reinvestment plan (“DRIP”) will be sold at the greater of $9.50 or 95% of the estimated value per share. After we calculate NAV, shares will be sold pursuant to the DRIP at NAV.

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Offering Details (Continued)

Investor Suitability:$70,000 gross income and $70,000 net worth; or $250,000 net worthSuitability requirements may differ in certain states, including: AL, CA, IA, KS, KY, MA, ME, MI, MO, MS, ND, NE, NJ, NM, OH, OR, PA, TN and WA — For more information, please consult the current prospectus.

Share Repurchase Plan:1

1 Our board of directors may choose to terminate, suspend or modify our share repurchase program with 30 days notice. More detailed information on the terms, conditions and limitations can be found in the prospectus.

Prior to our calculation of NAV, repurchases for continuously held shares will proceed as follows:2 One Year – The lower of $9.25 or 92.5% of purchase price;Two Years – The lower of $9.50 or 95.0% of purchase price;Three Years – The lower of $9.75 or 97.5% of purchase price; and Four Years – The lower of $10.00 or 100% of purchase price.

After the first quarter following the acquisition of at least $1.2 billion in total portfolio assets, repurchases will be priced at that quarter’s NAV price per share, minus applicable fees.3

___________________________________

2 Prior to our calculation of NAV, no share repurchases will be made in excess of (for any given year) 5% of the weighted average number of shares of common stock outstanding as of December 31st of the prior year. 3 After NAV is calculated, share redemptions will be limited during any calendar quarter to 1.25% of our NAV as of the last day of the previous calendar quarter, or approximately 5% of our NAV in any 12 month period.

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American Realty Capital and Moor Park

The Right Experience

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Team – Global Real Estate, Local Experience

• Founded in 2006• Currently sponsors eight publicly registered, real estate investment trusts1 and

one business development company • Completed full-cycle liquidity event for American Realty Capital Trust, Inc.,

ARC’s flagship offering, in March 2012 at a 40% profit for full-term investors• Senior team of seasoned professionals acquired and managed over $8 billion

of real estate, including $5 billion of corporate sale-leasebacks (56.5 million Sq. Ft.)

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(1) All of the eight real estate investment trusts (“REIT”) referred to herein have either qualified or intend to qualify as a REIT. If a company does not qualify as a REIT, it may incur increased tax costs which could reduce distributions.

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Experienced Management Team

Mr. Schorsch founded and formerly servedas President, CEO and Vice-Chairman ofAmerican Financial Realty Trust from itsinception as a REIT in September 2002until August 2006. American FinancialRealty Trust (“AFRT”) was a publiclytraded REIT listed on the NYSE thatinvested exclusively in offices, operationscenters, bank branches and otheroperationally critical real estate assets thatwere net leased to tenants in the financialservices industry, such as banks andinsurance companies. Through AmericanFinancial Resource Group and its successorcorporation, American Financial RealtyTrust, Mr. Schorsch executed in excess of1,000 acquisitions with a transactionalvalue of approximately $5 billion. In 2003,Mr. Schorsch received an Entrepreneur ofthe Year award from Ernst & Young. Mr.Schorsch was a board member of NAREITfrom 2005 to 2006.

Nicholas S. SchorschChairman & CEO

Michael WeilPresident & COO

In addition to his role with ARC Global,Mr. Weil has been the chief executiveofficer of RCS since March 2010. Mr. Weilhas also been an executive officer of theAdvisor and Property Manager since theirformation in November 2009. He wasformerly the Senior Vice President of Salesand Leasing for AFRT and its predecessorcompany, where he was responsible for thedisposition and leasing activity for a 33million square foot portfolio. Under thedirection of Mr. Weil, his department wasthe sole contributor in the increase ofoccupancy and portfolio revenue throughthe sales of over 200 properties and theleasing of over 2.2 million square feet,averaging 325,000 square feet of newlyexecuted leases per quarter. After workingat AFR, from October 2006 to May 2007,Mr. Weil was managing director ofMilestone Partners Limited and prior tojoining AFR, from July 1987 to April 2004,Mr. Weil was president of Plymouth Pump& Systems Co.

Mr. Andrew Winer has been appointedChief Investment Officer of ARC Global.Mr. Winer joined American Realty Capitalin January 2012 as Senior Vice President –Head of Debt Capital Markets. AndrewWiner has worked in commercial real estatefinance for 20 years (17 years at CreditSuisse and its predecessors). At CreditSuisse, Mr. Winer most recently hadoversight responsibility for the pricing,hedging and execution of commercialsecuritized real estate debt along with thecontinued asset management of legacy loanand warehouse positions. From 2004 to2008, Mr. Winer headed the CRE CDOGroup and warehouse lending team withadditional responsibilities for distributingnew issue CMBS, hedging loan portfoliosand price quoting loans for the productionfacility of the overall securitization business.

Andrew WinerChief Investment Officer

Mr. Block is responsible for the accounting,finance and reporting functions at AmericanRealty Capital ("ARC"). He has extensiveexperience in SEC reporting requirements aswell as REIT tax compliance matters, andhas been instrumental in developing ARC'sinfrastructure and positioning the organ-ization for growth. Mr. Block began hiscareer in public accounting at Ernst & Youngand Arthur Andersen from 1994 to 2000.Subsequently, Brian was the Chief FinancialOfficer of a venture capital-backed tech-nology company for several years prior tojoining American Financial Realty Trust(AFRT) in 2002. While at AFRT, Mr. Blockserved as Chief Accounting Officer from2003 to 2007 and oversaw the financial,administrative and reporting functions of theorganization. He is a certified publicaccountant, a member of the AICPA andPICPA, and serves on the REIT Committeeof the Investment Program Association.

Brian S. BlockChief Financial Officer

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Team – Global Real Estate, Local Experience

• Acts as exclusive European service provider • Founded in 2006 and headquartered in London • Concentrates on commercial property investment in Europe• Manages $2 billion of real estate assets • Structured and executed €22 billion (approx. $28.5 billion) of real estate

transactions to date• An executive management team with a combined experience of 55 years• Seasoned track record of in-house asset and property management

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Experienced Management TeamGary Wilder – Partner, Executive ChairmanPrior to founding Moor Park,Gary was a Managing Partnerand Co-Head of European FundsGroup within Nomura. Previouslyhe was a Managing Director anHead of the Asset Finance Group

at Nomura International PLC. Prior to that, he hasover 22 years of real estate investment experience inEurope and has been involved in all phases of the realestate investment process, including equity capitalraising, fund structuring, debt financing, propertyacquisitions, asset management and sales. Gary hasbeen directly involved in real estate investmentsvalued in excess of €20 billion (approximately $26billion). He joined Nomura in July 2002 from CSFB,where he was a Managing Director and Co-Head ofReal Estate Investment Banking based in London.Previously, Gary was a Managing Director in the RealEstate Group at Bankers Trust (now Deutsche Bank)and was actively involved in real estate debt capitalmarket products, global securitization and structuredfinance. Gary graduated in 1983 with a Bachelor ofScience degree (Honours) from Cass Business School(London) and qualified in 1985 as a CharteredAccountant with Arthur Andersen in London wherehe specialized in international taxation. Gary is aBritish Citizen.

Shemeel Khan –Partner, Chief Executive OfficerPrior to founding Moor Park,Shemeel was a partner in theEuropean Funds Group atNomura. Previously he hasworked at Bankers Trust, where

he spent 6 years primarily in the Real EstateInvestment Banking team originating and executingtransactions spanning real estate investment andadvisory and structured bond issues. Shameel hasalso structured and managed a number ofinvestment/development trans-actions since leavingBankers Trust. He also served as a non-executivedirector of Northacre Plc. Shemeel has beendirectly involved in real estate investments valuedin excess of €3 billion (approximately $3.9 billion),and has more than 16 years of relevant experiencein real estate markets. Shemeel graduated in 1986with a Master of Science from Cass BusinessSchool and in 1992 with a Master of BusinessAdministration (with commendation) also fromCass Business School. He is a British Citizen.

Jagdeep Kapoor –PartnerPrior to founding Moor Park,Jagdeep was a partner in theEuropean Funds Group and waspreviously Head of StrategicPlatforms in the Asset FinanceGroup at Nomura. He joined

Nomura in September 2002. Whilst at Nomura,Jagdeep was involved in the origination andexecution of transactions spanning real estateinvestment and advisory and structured bondissues. Before joining Nomura, Jagdeep was part ofthe Real Estate Investment Banking group at CreditSuisse First Boston. Jagdeep also worked in theInterest Rate Swaps division at JP Morgan,London. Jagdeep has been directly involved in realestate investments valued in excess of €11 billion(approximately $14.2 billion), and has wideranging experience with 8 years in the real estatemarkets. Jagdeep has a Masters Degree inManagement (Specialisation in Finance) from HEC(Hautes Etudes Commerciales), Paris, France and aBSc (Hons) Production Engineering from PunjabEngineering College, India. Jagdeep is a BritishCitizen and speaks English and French.

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Scott J. BowmanScott J. Bowman has over 20 years of experiencein global brand and retail management inaddition to retail store development. Mr.Bowman founded Scott Bowman Associates inMay 2009 and has served as its CEO since such

time. Scott Bowman Associates provides global management,business development, retail market and network strategies,licensing, strategic planning and international strategy andoperations support to leading retailers and consumer brands. FromMay 2005 until September 2008, Mr. Bowman served as Presidentof Polo Ralph Lauren International Business Development where hewas also a member of the Executive Committee and CapitalCommittees. From June 2007 until September 2008, Mr. Bowmanserved as Chairman of Polo Ralph Lauren Japan. During his timewith Polo Ralph Lauren, Mr. Bowman led the effort to transform thecompany’s business in Asia from a licensed structure to a direct,integrated subsidiary of Polo Ralph Lauren. From 2003 to 2005, Mr.Bowman served as Founder and CEO of Scott Bowman AssociatesInternational Retail Consultancy. From May 1998 until January2003, Mr. Bowman served as an Executive Officer of twosubsidiaries of LVMH Moet Hennessy Louis Vuitton. FromFebruary 2001 until January 2003, Mr. Bowman served as the CEOof Marc Jacobs Int’l. From May 1998 until January 2001, he was theRegion President of Duty Free Shoppers. Mr. Bowman has been theChairman of the Board of Colin Cowie Enterprises, a multi-platformdigital events and lifestyle company, since its formation in March2011. He was also a member of the boards of directors of StewartWeitzman from February 2009 until April 2010 and The HealthBack, a specialty and e-commerce retailer, from May 2004 untilSeptember 2007. Mr. Bowman received his B.A. from the StateUniversity of New York at Albany. We believe that Mr. Bowman’sextensive experience in global brand and retail management andretail store development make him well qualified to serve as amember of our board of directors.

Edward G. RendellEdward G. Rendell was appointed as anindependent director in March 2012.Governor Rendell served as the 45th

Governor of the Commonwealth ofPennsylvania from January 2003 throughJanuary 2011. As the Governor of theCommonwealth of Pennsylvania, he served

as the chief executive of the nation’s 6th most populous state andoversaw a budget of $28.3 billion. He also served as the Mayorof Philadelphia from January 1992 through January 2000. As theMayor of Philadelphia, he eliminated a $250 million deficit,balanced the city's budget and generated five consecutive budgetsurpluses. He was also the General Chairperson of the NationalDemocratic Committee from November 1999 through February2001. Governor Rendell served as the District Attorney ofPhiladelphia from January 1978 through January 1986. In 1986he was a candidate for governor of the Commonwealth ofPennsylvania. In 1987, he was a candidate for the mayor ofPhiladelphia. From 1988 through 1991, Governor Rendell wasan attorney at the law firm of Mesirov, Gelman and Jaffe. From2000 through 2002, Governor Rendell was an attorney at the lawfirm of Ballard Sphar. Governor Rendell worked on several realestate transactions as an attorney in private practice. An Armyveteran, Governor Rendell holds a B.A. from the University ofPennsylvania and a J.D. from Villanova Law School. We believethat Governor Rendell’s over thirty years of legal, political andmanagement experience gained from serving in his capacities asthe Governor of Pennsylvania and as the Mayor and DistrictAttorney of Philadelphia, including his experience in overseeingthe acquisition and management of Pennsylvania’s real estatedevelopment transactions, including various state hospitals,make him well qualified to serve as a member of our Board ofDirectors.

Independent Board of Directors

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Abby M. WenzelAbby M. Wenzel was appointedas an independent director of ourcompany in March 2012. Ms.Wenzel has been a member of thelaw firm of Cozen O’Connor,resident in the New York officesince April 2009, as a member in

the Business Law Department. Ms. Wenzel practicesin the Real Estate Group and the capital marketspractice area, focusing on capital markets, financeand sale leaseback transactions. She has representedcommercial banks, investment banks, insurancecompanies, and other financial institutions, as well asthe equity, in connection with permanent, bridge, andconstruction loans, as well as senior preferred equityinvestments, interim financings and mezzaninefinancings. She has also represented lenders inconnection with complex multi property/multistatecorporate sale. Prior to joining Cozen O’Connor, Ms.Wenzel was a partner with Wolf Block LLP,managing partner of its New York office and chair ofits structured finance practice from October 1999until April 2009. Ms. Wenzel currently serves as atrustee on the board of Community Service Society, a160-year-old institution with a primary focus onidentifying and supporting public policy innovationsto support the working poor in New York City torealize social, economic, and political opportunities.Ms. Wenzel received her law degree from New YorkUniversity School of Law and her undergraduatedegree from Emory University. Ms. Wenzel has alsoserved as an independent director of ARCT IV sinceMay 2012.

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Notes

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Notes

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For more information on American Realty Capital Global Trust, Inc., please call your financial professional.

RIA and/or Broker Dealer InquiriesRealty Capital Securities, LLCThree Copley Place, Suite 3300, Boston, MA 02116 | 877-373-2522 | www.rcsecurities.com

Realty Capital Securities, LLC (Member FINRA/SIPC), is the dealer manager for American Realty Capital Global Trust, Inc., an affiliate.

www.arcglobaltrust.com

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