Exhibit 23.5
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in this Pre-Effective Amendment No. 1 to Post-Effective Amendment No. 11 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 |
| • | 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 |
| • | 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 |
| • | 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 |
| • | 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 |
| • | 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 |
| • | 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 |
| • | 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 |
| • | 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 |
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
October 26, 2012