Phillips Edison - ARC Shopping Center REIT Inc. announced that its board of directors authorized and the company has declared an increase to the annualized rate of distributions. The distribution rate will increase from 6.5% to 6.7% based on a share price of $10.00 for distributions payable to shareholders of record during the months of February and March 2013. The increased distributions begin to accrue February 1, 2013 for the distributions payable in March 2013.