Phillips Edison - ARC Shopping Center REIT Inc. (the "Company") announced that it has increased the borrowing capacity of its senior secured revolving credit facility, agented by KeyBank National Association ("KeyBank) from $40 million to $88 million. This loan facility with KeyBank has an accordion feature that allows the Company to further increase the capacity up to $250 million, subject to the terms and conditions of the facility.

The Company is a public non-traded REIT focused on the acquisition and management of well-occupied grocery-anchored neighborhood shopping centers throughout the United States.

"We are extremely pleased to have increased the capacity of our facility with KeyBank to $88 million," commented Jeffrey Edison, Co-Chairman of the Board and Chief Executive Officer of Phillips Edison - ARC Shopping Center REIT Inc. "As we continue to see attractive acquisition opportunities in the marketplace for well-occupied grocery-anchored shopping centers, this credit facility will assist us in building our portfolio by streamlining the process of obtaining financing and increasing the efficiency of closing."

Phillips Edison - ARC Shopping Center REIT Inc. is a public non-traded REIT that seeks to acquire and manage well-occupied grocery-anchored neighborhood shopping centers having a mix of national and regional retailers selling necessity-based goods and services, in strong demographic markets throughout the United States.