Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

	ARC Properties Operating Partnership, L.P.
	Post-Mergers									Pre-Mergers
	Six months Ended			Year Ended December 31,						Year Ended
Ratio of Earnings to Fixed Charges (dollars in thousands):	June 30, 2014			2013			2012			December 31, 2011
Earnings:
Pre-tax loss from continuing operations	$	(364,000	)	$	(480,436	)	$	(41,492	)	$	(3,952	)
Add:
Fixed charges		188,592			73,436			11,856			960
Distributed income of equity investees		—			—			—			—
Share of pre-tax losses for equity investees		—			—			—			—
Less:
Interest capitalized		—			—			—			—
Preference security dividend of subsidiaries		—			—			—			—
NCI of pre-tax income of subs that have fixed charges		—			—			—			—
Total Earnings	$	(175,408	)	$	(407,000	)	$	(29,636	)	$	(2,992	)
Fixed charges:
Interest expensed and capitalized	$	188,592		$	73,436		$	11,856		$	960
Amortized premiums, discounts and capitalized expenses related to indebtedness		—			—			—
Estimate of the interest within rental expense		—			—			—			—
Preference security dividend requirements								—			—
Total Fixed Charges	$	188,592		$	73,436		$	11,856		$	960
Ratio of Earnings to fixed charges calculation		-0.93	x		-5.54	x		-2.50	x		-3.12	x
Deficiency	$	364,000		$	480,436		$	41,492		$	3,952