American Strategic Investment Co. announced the following changes to its Board of Directors. Board member Abby Wenzel has announced that she will resign from the ASIC Board effective December 28, 2023, after serving as a director for more than nine years.

Nicholas Radesca has been appointed to the Board as an independent director with immediate effect. Mr. Radesca has a long history of board memberships and has held numerous executive roles. Mr. Radesca, 58, has decades of public company experience as chief financial officer of numerous companies, including serving as interim chief financial officer of the Company and as chief financial officer of AR Global and related companies, all of which ended in 2017.

He brings to the Company a deep background in real estate, credit, M&A and operating businesses, which the Board believes will bring great value to the Company as it continues to evaluate investment opportunities beyond its current portfolio of assets.