COMMUNICATION FOR BROKER DEALERS AND FINANCIAL ADVISORS
WHO ARE AFFILIATED WITH AMERICAN REALTY CAPITAL
NEW YORK RECOVERY REIT, INC. SELLING GROUP MEMBERS

NOT FOR FURTHER DISTRIBUTION

We are writing to inform you that, as of December 11, 2013, American Realty Capital New York Recovery REIT, Inc. (“ARC NYRR”) has received subscriptions for shares it believes will be sufficient to reach the full number of shares that NYRR may issue under its approximate $1.7 billion non-traded initial public offering of common stock (including amounts reallocated from its distribution reinvestment plan (“DRIP”)).

As previously announced with respect to the filing of its follow-on offering registration statement, ARC NYRR will not raise, in the aggregate, more than the total amount of shares registered for sale in its initial public offering (including reallocated DRIP shares).  In light of ARC NYRR's equity raised to date and the completion of its initial public offering, ARC NYRR will not commence its follow-on offering.

ARC NYRR and its transfer agent will process as many subscriptions as they can that were received in good order through yesterday, Wednesday, December 11, 2013.

Any subscription that ARC NYRR is unable to accept will be promptly returned.

Your firm has been an important part of the selling group and we appreciate your efforts to support ARC NYRR’s fundraising.

Please feel free to contact us with any questions on this announcement.