On March 23, 2016, Matthew Donnelly resigned from his positions as President and Chief Operating Officer of Realty Finance Trust, Inc. and Realty Finance Advisors, LLC, the company's advisor, effective as of that same date. On March 28, 2016, the Board of Directors of the company appointed Peter M. Budko, currently the Chief Executive Officer of the company and Chairman of the Board, to serve as Interim President of the Company and the Advisor, effective as of that same date. Peter M. Budko has served as an executive officer of the company and the advisor since their formation in November 2012.

Mr. Budko has also served as chairman of the board of directors of Business Development Corporation of America since December 2014 and as chief executive officer of BDCA since November 2014.