On December 14, 2022, the board of directors of New York City REIT, Inc. appointed Mr. Louis P. DiPalma to serve as a member of the board, effective December 14, 2022. Mr. DiPalma fills the vacancy created by the previously reported passing of Mr. Lee M. Elman. Mr. DiPalma, age 61, is a member of the Rhode Island State Senate, to which he was first elected in 2008.

During his tenure in the Rhode Island State Senate, Mr. DiPalma has served as the chair of the Senate Committee on Rules, Government Ethics and Oversight, first vice chair of the Senate Committee on Finance and as a member of the Senate Committee on Education. Mr. DiPalma is the Undersea Systems Chief Engineer at Raytheon Technologies Corporation where he has been employed since 1983 and has led teams of over one thousand engineers on engineering efforts associated with technical project planning, including budgeting, scheduling, fiscal analysis and reporting. He earned a Bachelor of Science degree in Computer Engineering from the University of Bridgeport in 1983 and a Masters in Computer Science from Brown University in 1989.