Essential Properties Realty Trust, Inc. announced that Paul T. Bossidy has notified the Company of his intent to retire as Chairman of the Company?s Board of Directors, effective as of December 31, 2023, after nearly 7 years as Chairman. Mr. Bossidy?s retirement decision was not the result of any disagreement with the Company on any matter relating to the Company?s operations, disclosures, policies or practices. In connection with Mr. Bossidy?s retirement, the size of the Board will be reduced from eight members to seven members, and the Board has appointed current Board member, Mr. Scott A. Estes, to become the Board?s Chairman upon Mr. Bossidy?s retirement.

About Mr. Estes: Mr. Estes has over 29 years of REIT industry experience. He served as Executive Vice President and Chief Financial Officer of Welltower, Inc. during his 14 year-tenure at the company. Mr. Estes currently serves as a member of the board of trustees and audit committee chairman of JBG SMITH Properties and is also a member of the board of directors and audit committee chairman of American Healthcare REIT.