Edward M. Weil, Jr., American Strategic Investment Co.?s (the ?Company?) chief executive officers, president and secretary and Christopher J. Masterson, the Company?s chief financial officer and secretary notified the Company?s board including the members of its nominating and corporate governance committee of their intent to resign their respective officer positions upon the closing of a merger between Global Net Lease Inc. and the Necessity Retail REIT Inc. (the ?Merger?), two entities presently advised by affiliates of the Company?s advisor. Effective upon the closing of the Merger on September 12, 2023, each of Messrs. Weil and Masterson resigned from their positions with the Company.

Appointment of Chief Executive Officer and Chief Financial Officer: As previously disclosed, Michael Anderson was appointed to serve as the Company?s chief executive officer and Joseph Marnikovic was appointed to serve as the Company?s chief financial officer. Effective upon the closing of the Merger, on September 12, 2023, each of Messrs. Anderson and Marnikovic began serving in their new roles with the Company.