CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in this Post-Effective Amendment No. 15 to Registration Statement No. 333-164313 of Phillips Edison – ARC Shopping Center REIT Inc. on Form S-11 of:
· | Our report dated February 22, 2011, relating to the statement of revenues and certain operating expenses of Lakeside Plaza for the year ended December 31, 2009 appearing in the Form 8-K/A of Phillips Edison – ARC Shopping Center REIT Inc., dated February 22, 2011 (which report expresses an unmodified opinion and includes an emphasis-of-matter paragraph referring to the purpose of the statement) |
· | Our report dated February 22, 2011, relating to the statement of revenues and certain operating expenses of Snow View Plaza for the year ended December 31, 2009 appearing in Form 8-K/A of Phillips Edison – ARC Shopping Center REIT Inc., dated February 22, 2011 (which report expresses an unmodified opinion and includes an emphasis-of-matter paragraph referring to the purpose of the statement) |
· | Our report dated August 22, 2011, relating to the statement of revenues and certain operating expenses of St. Charles Plaza for the year ended December 31, 2010 appearing in Form 8-K/A of Phillips Edison – ARC Shopping Center REIT Inc., dated August 22, 2011 (which report expresses an unmodified opinion and includes an emphasis-of-matter paragraph referring to the purpose of the statement) |
· | Our report dated December 27, 2011, relating to the combined statement of revenues and certain operating expenses of Centerpoint and Southampton Village for the year ended December 31, 2010 appearing in Form 8-K/A of Phillips Edison – ARC Shopping Center REIT Inc., dated December 27, 2011 (which report expresses an unmodified opinion and includes an emphasis-of-matter paragraph referring to the purpose of the statement) |
· | Our report dated December 27, 2011, relating to the statement of revenues and certain operating expenses of Burwood Village for the year ended December 31, 2010 appearing in Form 8-K/A of Phillips Edison – ARC Shopping Center REIT Inc., dated December 27, 2011 (which report expresses an unmodified opinion and includes an emphasis-of-matter paragraph referring to the purpose of the statement) |
· | Our report dated March 15, 2012, relating to the statement of revenues and certain operating expenses of Cureton Town Center for the year ended December 31, 2010 appearing in Form 8-K/A of Phillips Edison – ARC Shopping Center REIT Inc., dated March 15, 2012 (which report expresses an unmodified opinion and includes an emphasis-of-matter paragraph referring to the purpose of the statement) |
· | Our report dated May 4, 2012, relating to the combined statement of revenues and certain operating expenses of Tramway Crossing and Westin Centre for the year ended December 31, 2011 appearing in Form 8-K/A of Phillips Edison – ARC Shopping Center REIT Inc., dated May 4, 2012 (which report expresses an unmodified opinion and includes an emphasis-of-matter paragraph referring to the purpose of the statement) |
· | Our report dated July 10, 2012, relating to the statement of revenues and certain operating expenses of The Village at Glynn Place for the year ended December 31, 2011 appearing in Form 8-K/A of Phillips Edison – ARC Shopping Center REIT Inc., dated July 10, 2012 (which report expresses an unmodified opinion and includes an emphasis-of-matter paragraph referring to the purpose of the statement) |
· | Our report dated August 8, 2012, relating to the statement of revenues and certain operating expenses of Vine Street Square for the year ended December 31, 2011 appearing in Form 8-K/A of Phillips Edison – ARC Shopping Center REIT Inc., dated August 8, 2012 (which report expresses an unmodified opinion and includes an emphasis-of-matter paragraph referring to the purpose of the statement) |
· | Our report dated November 7, 2012, relating to the statement of revenues and certain operating expenses of Richmond Plaza for the year ended December 31, 2011 appearing in Form 8-K/A of Phillips Edison – ARC Shopping Center REIT Inc., dated November 7, 2012 (which report expresses an unmodified opinion and includes an emphasis-of-matter paragraph referring to the purpose of the statement) |
· | Our report dated April 3, 2013 relating to the combined statement of revenues and certain operating expenses of The Shops at Westridge, Mableton Crossing, Hamilton Ridge, Grassland Crossing, Fairview Oaks, Butler Creek and Macland Pointe for the year ended December 31, 2012 appearing in Form 8-K/A of Phillips Edison – ARC Shopping Center REIT Inc., dated April 3, 2013 (which report expresses an unmodified opinion and includes an emphasis-of-matter paragraph referring to the purpose of the statement) |
· | Our report dated April 3, 2013 relating to the statement of revenues and certain operating expenses of Fairlawn Town Centre for the year ended December 31, 2012 appearing in Form 8-K/A of Phillips Edison – ARC Shopping Center REIT Inc., dated April 3, 2013 (which report expresses an unmodified opinion and includes an emphasis-of-matter paragraph referring to the purpose of the statement) |
· | Our report dated May 8, 2013, relating to the combined statement of revenues and certain operating expenses of Murray Landing, Vineyard Shopping Center, and Kleinwood Center for the year ended December 31, 2012 appearing in Form 8-K/A of Phillips Edison – ARC Shopping Center REIT Inc., dated May 8, 2013 (which report expresses an unmodified opinion and includes an emphasis-of-matter paragraph referring to the purpose of the statement) |
We also consent to the reference to us under the heading “Experts” in the Prospectus, which is part of this Registration Statement.
/s/ Deloitte & Touche LLP
Cincinnati, Ohio
July 16, 2013