On October 5, 2017, Nicholas Radesca notified the board of directors of American Finance Trust, Inc. that he intends to retire and therefore resign from his positions as chief financial officer, secretary and treasurer of the company, American Finance Advisors, LLC and American Finance Properties, LLC. Mr. Radesca's resignations will be effective on the later of November 15, 2017, and the day after the date the company files its Quarterly Report on Form 10-Q for the quarter ended September 30, 2017. On October 9, 2017, the Board unanimously elected Katie P. Kurtz as chief financial officer, secretary and treasurer of the company, effective upon the effectiveness of Mr. Radesca's resignation.

Ms. Kurtz has also been appointed as chief financial officer, secretary and treasurer of the Advisor and the Property Manager, effective upon the effectiveness of Mr. Radesca's resignation. Ms. Kurtz has served as the chief financial officer, treasurer and secretary of American Realty Capital Healthcare Trust III, Inc. Ms. Kurtz has served as the chief financial officer, treasurer and secretary of Healthcare Trust, Inc. (HTI). Ms. Kurtz has served as the chief financial officer, secretary and treasurer of American Realty Capital New York City REIT, Inc. (NYCR), the NYCR advisor and the NYCR property manager since October 2017.

Ms. Kurtz previously served as the chief financial officer, treasurer and secretary of American Realty Capital-Retail Centers of America, Inc. (“RCA”) and the RCA advisor from November 2015 until the close of RCA's merger with the Company in February 2017. She previously served as chief financial officer, treasurer and secretary of Business Development Corporation of America II from August 2014 until December 2015, as chief financial officer and treasurer of Crossroads Capital, Inc. (f/k/a BDCA Venture, Inc.) from October 2014 until December 2015 and as chief accounting officer for Business Development Corporation of America from December 2013 until December 2015.