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American Realty CapitalNew York Recovery REIT, Inc.

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. AN OFFERING ISMADE ONLY BY THE PROSPECTUS. THIS SALES AND ADVERTISING LITERATURE MUST BE READ IN CONJUNCTION WITH THE PROSPECTUSIN ORDER TO UNDERSTAND FULLY ALL OF THE IMPLICATIONS AND RISKS OF THE OFFERING OF SECURITIES TO WHICH IT RELATES. ACOPY Of THE CURRENT PROSPECTUS MUST BE MADE AVAILABLE TO YOU IN CONNECTIONS WITH THIS OFFERING. American Realty CapitalNew York Recovery REIT, Inc. is subject to higher fees and charges than some traditional investments. No offering is made expect by a prospectus filed with theDepartment of Law of the state of New York. Neither the Attorney-General of the State of New York nor any other state or federal regulator has passed on orendorsed the merits of this offering or these securities or confirmed the adequacy or accuracy of the prospectus. Any representation to the contrary is unlawful.

The properties pictured herein are not owned by the program or any affiliate and are included solely as an illustration of New York City real estate.

2NY Recovery REIT

There are risks associated with an investment in American Realty Capital New York Recovery REIT, Inc. The following is a summary of these risks. A more detailed description of the associated risks is found in the prospectus.■ We have a very limited operating history and have no established financing sources. This offering is a blind pool and you

may not have the opportunity to evaluate investments prior to their purchase or prior to your investment in our common stock, which makes this investment more speculative.

■ No public market currently exists for shares of our common stock, nor may a public market ever exist and our shares are illiquid. There are limitations on ownership and transferability of our shares.

■ We are obligated to pay substantial fees to our advisor and its affiliates, including fees payable upon sale of properties, which may result in our advisor recommending riskier or more speculative investments. We are depending on our advisor to select investments and conduct our operations. Adverse changes in the financial condition of our advisor could adversely affect us.

■ If we, through our advisor, are unable to find suitable investments, we may not be able to achieve our objectives or pay distributions. If we are unable to raise substantial funds, we will be limited in the number and types of investments, our ability to diversify our investments will be limited.

■ Properties may be adversely affected by the current economic downturn, as well as economic cycles and risks inherent to the New York market. The offering may be subject to risks associated with the significant dislocations and liquidity disruptions currently occurring in the United States credit markets.

■ There are substantial conflicts among the interests of our investors, our interests and the interests of our advisor, sponsor, dealer manager and our respective affiliates regarding compensation, investment opportunities and management resources.

Risk Factors

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■ There are substantial conflicts among the interests of our investors, our interests and the interests of our advisor, sponsor, dealer manager and our respective affiliates regarding compensation, investment opportunities and management resources.

■ Our investment objectives and strategies may be changed without shareholder consent.■ There are significant risks associated with maintaining a high level of leverage as permitted under our charter. If we

incur substantial debt, it may hinder our ability to pay distributions to our shareholders or could decrease the value of your investment if income on, or the value of, the property securing the debt falls.

■ Distributions are not guaranteed. We may not be able to pay or maintain cash distributions and they are subject to change at any time. Payment of fees to our advisor as well as the payment of operating expenses will reduce cash available for distributions. We may pay distributions from the net proceeds of our offering, from our borrowings, or from other sources and we have paid a portion of our distribution from the net proceeds of our offering. Cumulative distributions exceed cumulative earnings.

■ Our share repurchase program is subject to numerous restrictions, may be cancelled at anytime and should not be relied upon as a means of liquidity.

■ Our failure to qualify or continue to qualify to be treated as a REIT would result in higher taxes. Our dealer manager has not conducted an independent review of this prospectus.

■ We may be deemed to be an investment company under the Investment Company Act and thus subject to regulation under the Investment Company Act.

■ The management of multiple REITs by our executive officers and officers of our advisor may significantly reduce the amount of time 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.

Risk Factors (Continued)

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Why Invest in Commercial Real Estate?

Potential Tax Depreciation 1

Upside Potential

Not Publicly Traded

Potential Hedge Against Inflation

Potential Current Income

Investing in commercial real estate, such as a REIT, may provide shareholders with certain tax advantages. Such tax advantages may result from depreciation expense, amongst other factors, that impact a REIT’s taxable income, which could provide a tax deferral for shareholders. Investors should consult with tax professionals as tax results may vary based on individual circumstances. Distributions will not be qualified dividends for tax purposes. Certain tax risks are present with an investment in Company. Our failure to qualify or continue to qualify to be treated as a REIT would result in higher taxes.

(1)

5NY Recovery REIT

Publicly registered non-traded REIT

New York City commercial real estate

Opportunity for total returns through a combination of current income and appreciation

American Realty Capital New York Recovery REIT

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Senior Management Team

Nicholas S. Schorsch, Chairman & Chief Executive OfficerMr. Schorsch serves as chairman and chief executive officer of American Realty Capital New York Recovery REIT, Inc., or NYRR. Prior to his current position with our company Mr. Schorsch founded and formerly served as President, CEO and Vice-Chairman of American Financial Realty Trust, or AFRT, since its inception as a REIT in September 2002 until August 2006. AFRT was a publicly traded REIT that invested exclusively in offices, operation centers, bank branches, and other operating real estate assets that are net leased to tenants in the financial service industry, such as banks and insurance companies. Through AFRT and its predecessor company, Mr. Schorsch executed in excess of 1,000 acquisitions, both in acquiring businesses and real estate property with transactional value of approximately $5 billion. In 2003, Mr. Schorsch received an Entrepreneur of the Year award from Ernst & Young.

Michael Weil, President, Treasurer & SecretaryMr. Weil serves as president, treasurer and secretary for NYRR. In addition, Mr. Weil has been the chief executive officer of RCS since March 2010. Mr. Weil has also been an executive officer of the Advisor and Property Manager since their formation in November 2009. Mr. Weil has nine years of real estate experience. He was formerly the Senior Vice President of Sales and Leasing for AFRT and its predecessor company, where he was responsible for the disposition and leasing activity for a 33 million square foot portfolio. Under the direction of Mr. Weil, his department was the sole contributor in the increase of occupancy and portfolio revenue through the sales of over 200 properties and the leasing of over 2.2 million square feet, averaging 325,000 square feet of newly executed leases per quarter. After working at AFR, from October 2006 to May 2007, Mr. Weil was managing director of Milestone Partners Limited and prior to joining AFR, from July 1987 to April 2004, Mr. Weil was president of Plymouth Pump & Systems Co.

Michael A. Happel, Executive Vice President & Chief Investment OfficerMr. Happel has over 20 years of experience investing in real estate including acquisitions of office, retail, multifamily, industrial, and hotel properties as well as acquisitions of real estate companies and real estate debt. From 1988-2002, he worked at Morgan Stanley & Co., specializing in real estate and becoming co-head of acquisitions for the Morgan Stanley Real Estate Funds, or MSREF, in 1994. While at MSREF, he was involved in acquiring over $10 billion of real estate and related assets in MSREF I and MSREF II. As stated in a report prepared by Wurts & Associates for the Fresno County Employees’ Retirement Association for the period ending September 30, 2008, both MSREF I and MSREF II generated meaningful IRRs for investors. Mr. Happel later joined Westbrook Partners, a real estate private equity firm with over $5 billion of real estate assets. In 2004, he joined Atticus Capital, a multi-billion dollar hedge fund, as the head of real estate with responsibility for investing primarily in REITs and other publicly traded real estate securities.

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Management Team

Andrew WinerSVP, Debt Capital Markets

William StanleyIndependent Director

Michael HappelChief Investment Officer

Michael WeilPresident

Brian S. BlockChief Financial Officer

Sheila FashCorp. Controller

Denise WalshProperty

Controller

Kirk OvertonFinance Mgr.

Keith OvertonAccountant Mgr.

Sheree JohnsonSr. Accountant

Brian SpiewakVP – Marketing

Director

Kevin MantzAVP of Marketing

Ryan LightSenior Digital

Designer

Jim MezzanotteDue Diligence

Manager

Akomea Poku-Kanham

Real Estate Counsel

Mandy Angiuoli Paralegal Due

Diligence Coordinator

Elizabeth ChernewychParalegal &

Survey Specialist

Anne KaneHuman Resources

Manager

Julie SmethersHR Specialist

Ashley SpiegelHR Coordinator

Curtis ParkerVP Operations

Amy SpiegelVP Information

Management

Joshua KulickAVP Information

Management

Oleg DashkoAVP, Property Management

Russ WingetAsset Coordinator

Jason SlearMD, Acquisitions/

Dispositions

Michael ReiterVice President

Boris KorotkinVice President

Carrington GuyVice President

Ed BarbezatIT Director

Patrick BryantIT Systems Engineer

Geoff AyersSr. Tech Support

Analyst

Santiago SanchezSenior IT Support

Analyst

Aaram IsahIT Support Analyst

Adam SchorschV.P. Acquisitions

Jesse GallowayGeneral Counsel

James TanakaAssistant General

Counsel

Lauren SmytheAssistant General

Counsel

Asset ManagementIT

Investor Relations Accounting Legal

Human Resources Acquisitions Due DiligenceMarketing

Robert BurnsIndependent Director

Scott BowmanIndependent Director

Kirby NoelProduct Manager

Sean LeahyV.P. Asset Management

8NY Recovery REIT

New York City

New York City is the “financial capital of the world”– If it were a country, it would have the 14th largest GDP

in the world (1)

– Historically, it has been a resilient market that has recovered from numerous downturns in the past

New York City is a supply constrained real estate market

– Manhattan is an island with limited land for development

– No change in the total square footage of office space in the last 20 years

New York City has historically experienced long term rent growth

– Rent growth drives property appreciation

(1) Source: IHS Global Report, Wall Street Journal, “U.S. Cities With Bigger Economies Than Entire Countries”

The properties pictured herein are not owned by the program or any affiliate and are included solely as an illustration of New York City real estate.

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400 million square feet

Focus on New York City

360 million square feet

Source: Cushman & Wakefield Research

Data refer to the central business district

Total Square Feet of Office Space

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No Net Additions to Supply in 20 Years

Manhattan Office Market — Existing Office Space

Source: Cushman & Wakefield Research, 2012 data through First Quarter

1990 2000 2010

400.2 Million Sq.Ft.

392.8 Million Sq.Ft.

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Long-Term Demand Growth

This is historical data and may not reflect future trends.

Sources: US Bureau of Labor Statistics, Cushman & Wakefield Research, 2012 data through First Quarter

NYC Employment Trends

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Long-Term Rental Rate IncreasesManhattan Office Market

Asking Rents

Dol

lar (

$) p

er S

quar

e Fo

ot

Source: Cushman & Wakefield Research, 2012 data through First Quarter National Recessions

This is historical data and may not reflect future trends.

$20

$30

$40

$50

$60

$70

$80

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

+93.9%

-22.5%

-20.26%

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Vacancy Trends

Normalized Vacancy: 6-8%

Manhattan Office MarketVacancy Rate18.5%

3.5%

9.1%

5.3%

Source: Cushman & Wakefield Research, 2012 data through First Quarter

11.6%

This is historical data and may not reflect future trends.

14NY Recovery REIT

Highest Office Rents WorldwideCity Office Rent/sf

1 London West End, United Kingdom $193.69

2 Hong Kong Central $184.21

3 Tokyo (Inner Central), Japan $158.08

4 Mumbai, India $130.41

5 Moscow, Russia $128.33

6 Tokyo (Outer Central), Japan $127.31

7 London City, United Kingdom $124.59

8 Paris, France $115.72

9 Sao Paulo, Brazil $109.03

10 Rio de Janeiro, Brazil $104.40

11 New Delhi, India $101.21

12 Dubai, United Arab Emirates $95.32

13 Hong Kong (Citywide) $92.53

14 Geneva, Switzerland $86.08

15 Zurich, Switzerland $84.19

16 Luxembourg City, Luxembourg $82.57

17 Istanbul, Turkey $78.77

18 Milan, Italy $78.62

City Office Rent/sf

19 Stockholm, Sweden $73.27

20 Abu Dhabi, United Arab Emirates $72.11

21 Seoul (CBD), South Korea $70.97

22 Frankfurt am Main, Germany $70.26

23 Edinburgh, United Kingdom $69.91

24 Manchester, United Kingdom $68.34

25 Singapore, Singapore $67.56

26 New York Midtown, U.S. $66.59

27 Dublin, Ireland $66.35

28 Birmingham, United Kingdom $64.88

29 Rome, Italy $64.01

30 Glasgow, United Kingdom $63.63

31 Aberdeen, United Kingdom $63.57

32 Shanghai (Pudong), China $61.82

33 Oslo, Norway $61.55

34 Athens, Greece $61.47

35 Perth, Australia $59.63

36 Toronto (CBD), Canada $59.07

Source: CB Richard Ellis Global Research and Consulting, November 2010

15NY Recovery REIT

Seeks to acquire income-producing commercial real estate in New York City (five boroughs): Primarily office and retail properties Typically 80% occupancy or greater Typically purchasing below the cost to replace the property on the open market Prudent financing strategy – Target of: 40-50% loan-to-value (LTV)*

Seeks to avoid higher risk investment strategies: Development Empty buildings Commercial mortgage backed securities (CMBS)

Investment Strategy

* Our charter permits up to 75% leverage. Also, if we have insufficient cash flows to service our debts or if any of our properties are foreclosed upon due to default, our ability to pay distributions to our stockholders will be adversely affected which could result in our losing our REIT status and would result in a decrease in the value of your investment.

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Seeks to maximize total returns to shareholders: Combination of annualized distributions and capital appreciation (1)

Intends to create a liquidity event for shareholders: Targeted liquidity event within 3 to 5 years after the offering period (2)

Potential exit may include either: − Listing on an exchange− Company sale− Asset sales

Investment Strategy

(1) Distributions are not guaranteed. We may not be able to pay or maintain distributions and they are subject to change at any time. Payment of fees to our advisor as well as the payment of operating expenses will reduce cash available for distributions. We may pay distributions from the net proceeds of our offering, from our borrowings, or from other sources and we have paid aportion of distributions from the net proceeds of our offering.

(2) 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.

17NY Recovery REIT

1 Property5 Properties

1 Property

Properties: 11(as of 6/30/2012, located in the boroughs)

Total Assets: $181.6 million

Average Occupancy: 97.6%

Square Feet: 253,025

Outstanding Loans: $75.1 million

Total Equity: $75.0 million

Corporate Leverage: 41.3%

The information detailed above reflects data that is included in the Company’s Form 10Q filed with the Securities and Exchange Commissionon May 10, 2012 and the Company’s Supplement No. 4 dated July 6, 2012 to the Prospectus dated January 17, 2012.

1 Property

Current Property Portfolio (1)

1 Property

1 Property

1 Property

18NY Recovery REIT

Interior Design Building Acquisition

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Bleecker Street Acquisition

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Centurion Parking Garage Acquisition

21NY Recovery REIT

One Jackson Square Retail Portfolio

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Orion Retail Portfolio

23NY Recovery REIT

Minimum Offering Size: $2.0 Million

Maximum Offering Size: $1.5 Billion(~$1.7 billion including Distribution Reinvestment Plan)

Share Price: $10.00 per share

Historical Annualized Distribution Rate:

6.05% (paid monthly)Distributions are not guaranteed. We may not be able to pay or maintain distributions and they are subject to change at any time. Payment of fees to our advisor as well as the payment of operating expenses will reduce cash available for distributions. We may pay distributions from the net proceeds of our offering, from our borrowings, or from other sources and we have paid a portion of distributions from the net proceeds of our offering. As of March 31, 2012, distributions were paid from operating proceeds (52.8%), and common stock issued under the DRIP/offering proceeds (47.2%).

Minimum Investment: $2,500May vary by state. See Prospectus for details.

Investor Suitability:$70,000 gross income and $70,000 net worth; or $250,000 net worthMay vary by state. Net worth is exclusive of home, furnishings and autos. Further, certain states recommend that investors should invest no more than 10% of their liquid net worth in REITs, real estate investment programs, or other similar programs. (Including, but not limited to AL, CA, IA, KS, KY, MA, MI, MO, MS, OH, OR, PA, TN, WA – please consult prospectus)

DRIP: Available at $9.50 per share

Share Redemption Plan:Yes.During any 12-month period we will not repurchase in excess of 5% of the shares outstanding as of December 31st of the previous year. We will also limit the amount spent to repurchase shares in a given quarter to the amount of proceeds received from our distribution reinvestment plan in that same quarter. The board may amend, suspend or terminate the plan at any time upon 30 days’ notice. More information can be found in the Prospectus.

Common Stock Offering Terms

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“Could I begin life again, knowing what I know, and had money to invest, I would buy every

foot of land on the Island of Manhattan.”- John Jacob Astor, DECEASED

(1763-1848)Wealthy Business Man

25NY Recovery REIT

(1) The company’s best practices policy, among other things, generally disallows us from entering into business transactions with or providing funding to any non-traded REIT or private investment vehicle affiliated with the American Realty Capital group of companies. Please see the Prospectus for more details.

(2) Distributions are not guaranteed.(3) Our charter permits up to 75% leverage. Also, if we have insufficient cash flows to service our debts or if any of our properties are foreclosed upon

due to default, our ability to pay distributions to our stockholders will be adversely affected which could result in our losing our REIT status and would result in a decrease in the value of your investment.

(4) 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.

Best Practices

ARC New York Recovery REIT Yes• Experienced Management Team

• Focused Investment Strategy

• Public Company Reporting

• Intends to Provide Sustainable, Covered Distribution (2)

• Intends to Target Leverage Levels of 50% (3)

• Defined Exit Strategy: Shorter Full-Cycle Liquidity Event (4)

• No Related Party or Affiliated Transactions

• No Internalization Fee

Realty Capital Securities insists that every issuer on its platform adhere to corporate principles we like to call “Best Practices.” (1)

26NY Recovery REIT

Appendix

27NY Recovery REIT

Nicholas S. Schorsch, Chairman & Chief Executive OfficerMr. Schorsch is also chief executive officer of American Realty Capital Trust, Inc., or ARCT. Prior to his current position with our company Mr. Schorsch founded and formerly served as President, CEO and Vice-Chairman of American Financial Realty Trust, or AFRT, since its inception as a REIT in September 2002 until August 2006. AFRT was a publicly traded REIT that invested exclusively in offices, operation centers, bank branches, and other operating real estate assets that are net leased to tenants in the financial service industry, such as banks and insurance companies. Through AFRT and its predecessor company, Mr. Schorsch executed in excess of 1,000 acquisitions, both in acquiring businesses and real estate property with transactional value of approximately $5 billion. Mr. Schorsch was dubbed the “Banker’s Landlord” by the Philadelphia Inquirer, and is the recipient of the Ernst & Young Entrepreneur of the Year® 2003 award for the greater Philadelphia area, and the Ernst & Young Entrepreneur of the Year® 2011 Lifetime Achievement Award for real estate in the greater Philadelphia area.

Michael Weil, President, Treasurer & SecretaryMr. Weil serves as president, treasurer and secretary for NYRR. In addition, Mr. Weil has been the chief executive officer of RCS since March 2010. Mr. Weil has also been an executive officer of the Advisor and Property Manager since their formation in November 2009. Mr. Weil has nine years of real estate experience. He was formerly the Senior Vice President of Sales and Leasing for AFRT and its predecessor company, where he was responsible for the disposition and leasing activity for a 33 millionsquare foot portfolio. Under the direction of Mr. Weil, his department was the sole contributor in the increase of occupancy andportfolio revenue through the sales of over 200 properties and the leasing of over 2.2 million square feet, averaging 325,000square feet of newly executed leases per quarter. After working at AFR, from October 2006 to May 2007, Mr. Weil was managing director of Milestone Partners Limited and prior to joining AFR, from July 1987 to April 2004, Mr. Weil was president of Plymouth Pump & Systems Co.

Executive Management Team

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Michael A. Happel, Executive Vice President & Chief Investment OfficerMr. Happel has over 20 years of experience investing in real estate including acquisitions of office, retail, multifamily, industrial, and hotel properties as well as acquisitions of real estate companies and real estate debt. From 1988-2002, he worked at MorganStanley & Co., specializing in real estate and becoming co-head of acquisitions for the Morgan Stanley Real Estate Funds, or MSREF, in 1994. While at MSREF, he was involved in acquiring over $10 billion of real estate and related assets in MSREF I and MSREF II. As stated in a report prepared by Wurts & Associates for the Fresno County Employees’ Retirement Association for the period ending September 30, 2008, both MSREF I and MSREF II generated meaningful IRRs for investors. In 2002, Mr. Happel left Morgan Stanley & Co. to join Westbrook Partners, a large real estate private equity firm with over $5 billion of real estate assets under management at the time. In 2004, he joined Atticus Capital, a multi-billion dollar hedge fund, as the head of real estate with responsibility for investing primarily in REITs and other publicly traded real estate securities.

Peter M. Budko, Executive Vice President & Chief Operating OfficerMr. Budko, is also executive vice president and chief investment officer of ARCT. Mr. Budko founded and formerly served as Managing Director and Group Head of the Structured Asset Finance Group, a division of Wachovia Capital Markets, LLC from 1997-2006. The Structured Asset Finance Group structures and invests in real estate that is net leased to corporate tenants. While at Wachovia, Mr. Budko acquired over $5 billion of net leased real estate assets. From 1987-1997, Mr. Budko worked in the Corporate Real Estate Finance Group at NationsBank Capital Market (predecessor to Bank of America Securities), becoming head of the group in 1990.

Executive Management Team

29NY Recovery REIT

Brian S. Block, Executive Vice President & Chief Financial OfficerMr. Block is Chief Financial Officer of American Realty Capital (“ARC”) and is responsible for the accounting, finance and reporting functions. Mr. Block has extensive experience in SEC reporting requirements as well as REIT tax compliance matters.He has been instrumental in developing ARC’s infrastructure and positioning the organization for growth. Mr. Block also serves as Senior Vice President and Chief Financial Officer of American Realty Capital Trust, a non-traded REIT for which ARC serves as the advisor. Mr. Block began his career in public accounting at Ernst & Young and Arthur Andersen from 1994 to 2000. Subsequently, Mr. Block was the Chief Financial Officer of a venture capital-backed technology company for several years prior to joining American Financial Realty Trust in 2002. While at American Financial Realty Trust, Mr. Block served as Chief Accounting Officer from 2003 to 2007 and oversaw the financial, administrative and reporting functions of the organization. Mr. Block earned a Bachelor of Science from Albright College and an MBA from LaSalle University. He is a certified public accountant and is a member of the AICPA and PICPA. Mr. Block serves on the REIT Committee of the Investment Program Association.

Executive Management Team

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Scott J. Bowman has over 20 years of experience in global brand and retail management in addition to retail store development. Mr. Bowman founded Scott Bowman Associates in May 2009 and has served as its Chief Executive Officer since such time. Scott Bowman Associates provides global management, business development, retail market and network strategies, licensing, strategic planning and international strategy and operations support to leading retailers and consumer brands. From May 2005 until September 2008, Mr. Bowman served as President of Polo Ralph Lauren International Business Development where he was also a member of the Executive Committee and Capital Committees. From June 2007 until September 2008, Mr. Bowman served as Chairman of Polo Ralph Lauren Japan. During his time with Polo Ralph Lauren, Mr. Bowman led the effort to transform the company’s business in Asia from a licensed structure to a direct, integrated subsidiary of Polo Ralph Lauren. The transformation included upgraded merchandising, marketing, store development processes, restructuring remaining partnership agreements as well as leading the effort to buy back control of key operating territories in Asia. From 2003 to 2005, Mr. Bowman served as Founder and Chief Executive Officer of Scott Bowman Associates International Retail Consultancy. From May 1998 until January 2003, Mr. Bowman served as an Executive Officer of two subsidiaries of LVMH Moet Hennessy Louis Vuitton. From February 2001 until January 2003, Mr. Bowman served as the Chief Executive Officer of Marc Jacobs Int’l. From May 1998 until January 2001, he was the Region President of Duty Free Shoppers. Mr. Bowman has been the Chairman of the Board of Colin Cowie Enterprises, a multi-platform digital events and lifestyle company, since its formation in March 2011. He was also a member of the boards of directors of Stewart Weitzman from February 2009 until April 2010 and The Health Back, a specialty and e-commerce retailer, from May 2004 until September 2007. Mr. Bowman received his B.A. from the State University of New York at Albany. We believe that Mr. Bowman’s extensive experience in global brand and retail management and retail store development make him well qualified to serve as a member of our board of directors.

William G. Stanley is the founder and managing member of Stanley Laman Securities, LLC, a FINRA member broker-dealer, since 2004, and the founder and president of The Stanley-Laman Group, Ltd (SLG), a registered investment advisor for high net worth clients since 1997. Mr. Stanley serves on the Advisory Board of Highland Capital’s, High Cap Group. SLG represents some of the wealthiest families in the world and has recently expanded its planning practice to international client matters which are managed using proprietary trading and security selection techniques along with a global economic research. Mr. Stanley has earned designations as a Chartered Financial Consultant, Chartered Life Underwriter, and received his Masters Degree in Financial Services from the American College in 1997. Mr. Stanley served as an auditor for General Electric Capital from 1977 to 1979 and as a registered representative for Capital Analysts, Inc. of Radnor, Pennsylvania, a national investment advisory firm that specialized in sophisticated planning for high net worth individuals from 1979 to 1991.

Robert H. Burns is a hotel industry veteran with an international reputation. He currently serves as chairman of Barings’ Chrysalis Emerging Markets Fund and as a director of Barings’ Asia Pacific Fund. Mr. Burns founded and built the luxurious Regent International Hotels brand, which he sold in 1992. From 1970 to 1992, Mr. Burns served as chairman and chief executive officer of Regent International Hotels, where he was personally involved in all strategic and major operating decisions. In this connection, Mr. Burns and his team of professionals performed site selection, obtained land use and zoning approvals, performed all property due diligence, financed each project by raising both equity and arranging debt, oversaw planning, design and construction of each hotel property, and managed each asset. Mr. Burns has over forty (40) years as a manager and principal acquiring, financing, developing and operating properties. Mr. Burns opened the first Regent hotel in Honolulu, Hawaii, in 1970. From 1970 to 1979, the company opened and managed a number of prominent hotels, but gained truly international recognition in 1980 with the opening of The Regent Hong Kong. Mr. Burns developed over 18 major hotel projects including the Four Seasons Hotel in New York City, the Beverly Wilshire Hotel in Beverly Hills, the Four Seasons Hotel in Milan, Italy, and the Four Seasons Hotel in Bali, Indonesia.

Independent Board of Directors

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Notes:

32

American Realty Capital proprietary products are securities offered through Realty Capital Securities, LLC (Member FINRA/SIPC), an affiliate of American Realty Capital.

American Realty CapitalNew York Recovery REIT

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