On February 2, 2022, Andrew Batinovich notified the Strategic Realty Trust, Inc. (Company) of his resignation as Corporate Secretary, and a director of the Company, effective immediately. Mr. Batinovich's decision was based upon personal considerations and is unrelated in any manner to any disagreement over the Company's operations, policies, or practices. Effective February 2, 2022, the Board of Directors appointed Matthew Schreiber, 41, elected to serve as a director of the Company to fill the vacancy created by Mr. Batinovich's resignation.

He continues to serve as Assistant Secretary of the Company, a role he has held since May 2021. Prior to his appointment as Chief Executive Officer, Mr. Schreiber served as Chief Operating Officer and Senior Vice President of the Company, positions he had held since May 2021. Effective February 2, 2022, the Board of Directors appointed Domenic Lanni, 51, to serve as Chief Operating Officer.

As Chief Operating Officer, Mr. Lanni will be the Company's principal operating officer and will assume the responsibilities that were previously performed by Mr. Schreiber, who acted as the principal operating officer of the Company since May 2021. Mr. Lanni serves as Co-Founder and Managing Principal at L3 Capital. Mr. Lanni is responsible for overall strategic direction, sourcing investment opportunities, and originating capital for the firm's principal investment activities.