Effective November 9, 2018, Sujan S. Patel resigned from all positions he held with Colony Credit Real Estate, Inc. and its subsidiaries, including Mr. Patel's position as Chief Financial Officer and Treasurer of the Company, in order to pursue other opportunities. On November 9, 2018, the Board of Directors of the Company unanimously approved the appointment of Neale W. Redington as Chief Financial Officer and Treasurer of the Company and Frank V. Saracino to replace Mr. Redington as Chief Accounting Officer, effective immediately. Neale W. Redington, previously served as the Chief Accounting Officer of the Company between January 2018 and November 2018.

In addition, Mr. Redington serves as Managing Director and the Chief Accounting Officer of Colony Capital, Inc. Frank V. Saracino, serves as Managing Director at Colony Capital where his responsibilities include financial accounting and reporting for Colony Capital managed non-listed real estate investment trusts and registered closed-end investment reporting companies as Chief Financial Officer.