On January 8, 2014, in light of American Realty Capital Properties Inc.'s (ARCP) completed transition to self-management, in connection with which Brian S. Block now serves in the capacity of chief financial officer for ARCP on a full-time, dedicated basis, Mr. Block resigned from his roles as chief financial officer and executive vice president of American Realty Capital Trust V Inc., effective as of that same date. Mr. Block did not resign pursuant to any disagreement with the Company. Simultaneously with Mr. Block's resignation, the Company's board of directors appointed Nicholas Radesca to serve as the Company's chief financial officer.

Similarly, Mr. Radesca will also replace Mr. Block as chief financial officer of the Company's advisor and property manager. Nicholas Radesca, 48, has served as the chief financial officer and treasurer of American Energy Capital Partners, LP's general partner since October 2013.