On February 11, 2015, the Board appointed William M. Kahane, currently the chief executive officer and president of the American Realty Capital Trust V, Inc, to serve as a director of the American Realty Capital Trust V Inc. and as chairman of the Board. Mr. Kahane will continue to serve in his capacity as chief executive officer and president of the company. In connection with Mr. Kahane's appointment as chairman of the Board, Nicholas S. Schorsch resigned from his role as chairman and as a member of the Board.

Mr. Schorsch did not resign pursuant to any disagreement with the company.