The REIT Reports Fourth Quarter 2011 Results

American Realty Capital New York Recovery REIT, Inc "NYRR" or the "Company" announced its operating results for the quarter ended December 31, 2011 and Subsequent Events Highlights in the quarter ended December 31, 2011, acquired 3 properties, 96% occupied, containing approximately 39,000 square feet for an aggregate purchase price of $46.4 million of a weighted average basis properties have a remaining lease term of 15.6 years and were purchased at a capitalization rate of 7.4% based on annualized net operating income on a straight line basis of December 31, 2011, acquired a total of 9 properties, 91% occupied, containing approximately 148,900 square feet for an aggregate purchase price of $124.2 million in a weighted average basis properties have a remaining lease term of 10.7 years at a capitalization rate of 7.0% based on annualized net operating income on a straight line basis.

They are raised from inception to December 31, 2011 gross proceeds of $45.8 million from the issuance of common shares under its continuous initial public offering and $17.0 million from the issuance of preferred shares in a prior private placement pursuant to Rule 506 of Regulation D of the Securities Act in the preferred shares were converted into 2.0 million shares of common stock on a one-to-one basis on December 15, 2011. As of February 29, 2012, raised total gross proceeds of $73.0 million from the issuance of common shares under its continuous initial public offering to including the converted preferred shares.