Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 7, 2021, Julia Kholodenko notified Strategic Realty Trust, Inc. (the
"Company") that she will resign as the Chief Accounting Officer of the Company,
effective October 15, 2021 (the "Effective Date"). Ms. Kholodenko's decision was
based upon personal considerations and is unrelated in any manner to any past,
present or contemplated accounting or finance issue or to any disagreement over
accounting treatment or policy.
Effective October 15, 2021, the Board of Directors appointed Ryan Hess, 32, to
serve as Chief Accounting Officer of the Company. As Chief Accounting Officer,
Mr. Hess will be the Company's principal accounting officer and will assume the
responsibilities that were previously performed by Ms. Kholodenko, who acted as
principal accounting officer of the Company since April 16, 2019.
Ryan Hess has served as Chief Financial Officer and Treasurer since May 2021.
Mr. Hess serves as Controller of L3 Capital LLC ("L3 Capital"), a position he
has held since January 2017. L3 Capital is a real estate investment firm focused
on institutional quality, value-add, prime urban retail and mixed-use investment
within first-tier U.S. metropolitan markets. L3 Capital is an affiliate of PUR
Management which is an affiliate of PUR SRT Advisors LLC. Since April 1, 2021,
PUR SRT Advisors LLC, has controlled SRT Advisor, LLC, the Company's external
advisor. Since joining L3 Capital in 2017, Mr. Hess has overseen all accounting,
cash management, financial reporting, investor reporting, debt capital markets,
and tax matters at both the corporate and investment levels. Mr. Hess also works
with L3 Capital's asset management team to maximize operating and financial
returns. From April 2013 to December 2016, Mr. Hess was an Assurance Manager in
RSM US LLP's National Real Estate Group focusing on real estate private equity
funds, developers, senior living operators, and joint venture structured
investments. From September 2011 to April 2013, Mr. Hess was a staff accountant
with FGMK LLC focusing on audit and tax. Mr. Hess received a BS in Business with
an emphasis in Accounting and Finance from Indiana University. Mr. Hess is a
Certified Public Accountant, licensed in the state of Illinois. Mr. Hess is a
member of the American Institute of Certified Public Accountants (AICPA) and the
Illinois CPA Society.
Except through his officer position with the Company's external advisor, Mr.
Hess has no direct or indirect material interest in any transaction, or series
of similar transactions, since the beginning of the Company's last fiscal year,
nor is he a party to any currently proposed transaction, or series of similar
transactions, to which the Company or any of its subsidiaries was or is to be a
party, in which the amount involved exceeds $120,000. Mr. Hess does not receive
any compensation directly from the Company for his services as Chief Financial
Officer and Treasurer and Chief Accounting Officer.

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