Exhibit 99.2

The following provides updated information regarding American Realty Capital Properties, Inc.’s (the “Company”) property portfolio at December 31, 2013:

As of December 31, 2013, after giving effect to the merger with American Realty Capital Trust IV, Inc. (“ARCT IV”), which was consummated on January 3, 2014, and the acquisition of the remaining portion of a portfolio of 120 properties acquired by us from affiliates of funds managed by the Fortress Investment Group LLC, 41 of which we acquired on October 1, 2013 and 79 of which we acquired on January 8, 2014 (the “Fortress Portfolio”), we owned 2,639 properties (excluding one vacant property classified as held for sale) consisting of 49.5 million square feet, which properties are approximately 99% leased with a weighted average remaining lease term of 9.3 years.

As of December 31, 2013, Cole Real Estate Investments, Inc. (“Cole”) owned 1,043 properties, comprising 45.7 million square feet of single and multi-tenant retail and commercial space, which are leased to national and regional credit worthy tenants under long-term triple net leases and double net leases, located in 48 states, which include properties owned through consolidated joint ventures. As of December 31, 2013, the rentable space at these properties was approximately 99% leased. As of December 31, 2013, Cole also owned 21 commercial mortgage-backed securities, which we refer to as CMBS, two notes receivable and, through unconsolidated joint ventures, had interests in 12 properties comprising 2.3 million rentable square feet of commercial and retail space.

The portfolio of properties owned by certain special purpose entities of Inland American Real Estate Trust, Inc. (“Inland”) includes 33 properties (the “Inland Portfolio”), five of which we purchased on September 24, 2013 for cash consideration and expenses equal to $50.0 million, which we paid using cash on hand. As of December 31, 2013, the remaining properties to be acquired in the Inland Portfolio are leased to 24 distinct tenants under leases that are generally triple net and the remaining weighted average term of the Inland Portfolio leases is 4.5 years. The annualized rental income on a10.5 cash basis for the Inland Portfolio was $46.4 million for the year ended December 31, 2013.

Subsequent to December 31, 2013, we acquired ARCT IV and completed the acquisition of the remaining properties of the Fortress Portfolio. In addition, we are party to agreements to acquire Cole, which we expect to close promptly following the consummation of this offering, and the remaining Inland Portfolio, which we expect to close in the first half of 2014. The combined company, on a pro forma basis as of December 31, 2013 (including the acquisitions of Cole, ARCT IV and the Fortress Portfolio, and assuming the close of the proposed merger with Cole and the acquisition of the balance of the Inland Portfolio), would own 3,710 properties, net leased to approximately 1,100 primarily investment grade rated and other credit tenants, consisting of 101.5 million square feet, which are approximately 99% leased, in 49 states, the District of Columbia and Puerto Rico. The portfolio will operate in 67 distinct industries and will have an average remaining lease duration of 10.5 years, with approximately 49% of rental revenues derived from investment grade tenants and tenants affiliated with investment grade entities as determined by a major credit agency. No tenant comprises more than 3.5% of our total annualized rental income on a straight-line basis on a pro forma basis as of December 31, 2013.

PROPERTY AND PORTFOLIO INFORMATION

The following is an overview of our property portfolio on a pro forma basis as of December 31, 2013:

Top 10 Concentrations

Tenant Concentration


Tenant	Number of Leases		Square Feet		Square Feet as a % of Total Portfolio			Average Remaining Lease Term		Average Annual Rent (in 000’s)		Average Annual Rent as a % of Total Portfolio⁽¹⁾			Investment Rating
Walgreens		116		1,695,145		1.67	%		16.25	$	43,100		3.50	%		BBB
AT&T		14		2,689,928		2.65	%		6.54		39,288		3.19	%		A-
CVS		106		1,496,060		1.47	%		18.48		36,215		2.95	%		BBB+
Dollar General		367		3,376,639		3.33	%		12.79		30,557		2.49	%		BBB-
FedEx		48		2,449,894		2.41	%		10.01		26,320		2.14	%		BBB
PetSmart		42		1,331,157		1.31	%		7.74		24,264		1.97	%		BB+
Albertson’s		34		1,969,000		1.95	%		16.29		24,074		1.96	%		B
Citizens Bank		191		975,855		0.96	%		6.97		23,547		1.92	%		A-
BJ’s Wholesale Club		15		2,463,516		2.43	%		16.31		21,653		1.76	%		B-
Family Dollar		227		1,936,464		1.91	%		11.47		20,964		1.70	%		BBB-
Total		1,160		20,383,658		20.09	%		12.48	$	289,982		23.58	%

Tenant Industry Concentration


Tenant	Number of Leases		Square Feet		Square Feet as a % of Total Portfolio			Average Annual Rent (in 000’s)		Average Annual Rent as a % of Total Portfolio⁽¹⁾
Quick Service Restaurant		1,036		2,870,296		2.83	%	$	91,950		7.48	%
Pharmacy		248		3,513,095		3.46	%		86,058		7.00	%
Casual Dining		457		2,770,551		2.73	%		75,766		6.16	%
Supermarket		88		5,788,157		5.70	%		65,389		5.31	%
Discount Retail		595		5,321,103		5.24	%		51,660		4.20	%
Consumer Products		32		12,100,137		11.93	%		50,284		4.09	%
Healthcare		120		2,607,559		2.57	%		50,281		4.09	%
Family Dining		364		2,070,533		2.04	%		50,149		4.08	%
Specialty Retail		207		3,811,345		3.76	%		47,911		3.90	%
Retail Banking		298		2,034,841		2.01	%		45,638		3.71	%
Total		3,445		42,887,617		42.27	%	$	615,086		50.02	%

Geographic Concentration


State/Possession	Number of Properties		Square Feet		Square Feet as a % of Total Portfolio			Average Annual Rent (in 000’s)		Average Annual Rent as a % of Total Portfolio⁽¹⁾
Texas		501		10,919,617		10.76	%	$	151,343		12.31	%
Illinois		161		5,968,344		5.88	%		77,162		6.27	%
California		78		6,098,940		6.01	%		74,509		6.06	%
Florida		234		5,511,166		5.43	%		72,392		5.89	%
Georgia		181		5,669,822		5.59	%		70,443		5.73	%
Arizona		73		3,214,727		3.17	%		54,609		4.44	%
Pennsylvania		140		5,446,815		5.37	%		49,201		4.00	%
Ohio		225		5,611,566		5.53	%		45,749		3.72	%
Michigan		166		3,223,511		3.18	%		42,963		3.49	%
Indiana		115		5,620,538		5.54	%		39,042		3.17	%
Total		1,874		57,285,046		56.46	%	$	677,413		55.08	%

Property Building Type Diversification


Building Type	Number of Properties		Square Feet		Square Feet as a % of Total Portfolio			Average Annual Rent (in 000’s)		Average Annual Rent as a % of Total Portfolio⁽¹⁾
Retail		3,358		34,546,007		34.05	%	$	592,227		48.16	%
Office		146		16,843,455		16.60	%		291,247		23.68	%
Distribution		90		28,152,569		27.75	%		139,381		11.34	%
Parking Lot		1		8,400		0.01	%		1		0.00	%
Billboard		5		0		0.00	%		46		0.00	%
Vacant		5		359,074		0.35	%		—		0.00	%
Industrial		22		9,449,165		9.31	%		44,281		3.60	%
Multi-Tenant Retail		83		12,104,288		11.93	%		162,580		13.22	%
Total		3,710		101,462,958		100.00	%	$	1,229,763		100.00	%

Lease Expirations by Year


Year of Expiration	Number of Leases Expiring		Average Annual Rent (in 000’s)		% of Portfolio Average Annual Rent Expiring⁽¹⁾			Leased Rentable Square Feet		% of Portfolio Rentable Square Feet Expiring
2014		177	$	19,442		1.58	%		1,660,887		1.64	%
2015		238		33,893		2.76	%		3,209,252		3.16	%
2016		268		49,883		4.06	%		4,437,963		4.37	%
2017		374		86,670		7.05	%		7,300,831		7.20	%
2018		386		60,760		4.94	%		4,291,647		4.23	%
2019		246		58,112		4.73	%		3,738,363		3.68	%
2020		189		43,476		3.54	%		2,829,754		2.79	%
2021		202		87,775		7.14	%		11,614,463		11.45	%
2022		285		83,137		6.75	%		10,455,037		10.30	%
2023		238		88,801		7.22	%		7,116,588		7.02	%
2024		169		110,585		8.98	%		8,811,699		8.68	%
2025		269		53,082		4.32	%		3,548,571		3.50	%
2026		268		72,581		5.90	%		6,462,952		6.37	%
2027		538		89,756		7.30	%		5,424,870		5.35	%
2028		224		61,605		5.01	%		3,890,138		3.83	%
Total		4,071	$	999,558		81.28	%		84,793,015		83.57	%

(1)

Annualized rental income as of December 31, 2013 for each portfolio and combined on a straight-line basis. 50 ARCP properties have leases that are accounted for as direct financing leases. Amounts reflected is the average cash rent per the term of the leases. Annual rental income is based on the acquisition date of the respective company and amounts will be recalculated upon the merger date based on the remaining lease terms as of that date.