American Strategic Investment Co. announced that Edward M. Weil, Jr., chief executive officers, president and secretary and Christopher J. Masterson, the Company?s chief financial officer and secretary notified the Company?s board including the members of its nominating and corporate governance committee of their intent to resign their respective officer positions upon the closing of a merger between Global Net Lease Inc. and the Necessity Retail REIT Inc., two entities presently advised by affiliates of the Company?s advisor. If the merger is not completed, each of Messrs.

Weil and Masterson intend to continue in their respective positions with the Company. In anticipation of the resignations noted herein, on August 8, 2023, the Company, upon the recommendation of its nominating and governance committee appointed Michael Anderson to serve as the Company?s chief executive officer and Joseph Marnikovic to serve as the Company?s chief financial officer. The appointments are conditioned on the effectiveness of the resignations of Messrs.

Weil and Masterson. Mr. Anderson, 34, joined the predecessor to AR Global Investments, LLC (?AR Global?), the parent company of the Company?s advisor in 2013 as assistant general counsel. From 2018 to 2020 he served as senior vice president and chief corporate counsel of AR Global and Bellevue Capital Partners, LLC (?Bellevue Capital?).

Since 2020, he served as senior vice president and general counsel of AR Global and Bellevue Capital. He also served as general counsel and secretary of G&P Acquisition Corp. from December 2020 to December 2022.

In his capacity as the general counsel of AR Global and Bellevue Capital, Mr. Anderson has advised on both public and private debt and equity transactions, mergers and corporate acquisitions, commercial real estate transactions and operational integration of acquired companies. Mr. Anderson earned a Bachelor of Arts degree from the University of Arizona where he graduated cum laude and a Juris Doctor degree from the University of Mississippi School of Law, where he graduated summa cum laude.