American Finance Trust, Inc., a publicly registered non-traded real estate investment trust formerly known as American Realty Capital Trust V, appointed Lisa Kabnick to the company’s board of directors. Kabnick has more than thirty-five years of experience as an advisor to multiple corporate boards and as an international commercial lawyer.
Lisa Kabnick has served as a senior advisor at Reed Smith LLP since January 2015, and as a partner at Reed Smith from January 2003 until December 2014. Previously, Kabnick served as chair of the Global Financial Transactions group of Reed Smith from January 2013 until December 2014. She was also the leader of Reed Smith’s Finance Group from December 2008 through June 2015, as well as the vice-chair of Reed Smith’s Global Financial Industry Group from December 2008 through December 2012. Prior to joining Reed Smith, Kabnick was a practicing attorney with Pepper Hamilton LLP, where she was a partner since 1988 and chair of the Financial Services Practice Group since 1997.
Since April 2015, Kabnick has been a member of the board of directors of Philadelphia Media Network LLC, the publisher of the Philadelphia Inquirer and Daily News and operator of philly.com, where she chairs the finance committee. Since August 2013, Kabnick has been a member of the board of directors of Vertisense, Inc., formerly known as Alcohoot Inc., a start-up breathalyzer company. From 2006 through 2013, Kabnick was a member of the board of directors of the Kimmel Center, the performing arts center in Philadelphia, Pennsylvania.
“I am very pleased to have Lisa join the AFIN Board,” said Don MacKinnon, American Finance Trust’s chief executive officer. “Lisa is a seasoned advisor to financial companies and her track record of leading complex financial transactions coupled with her experience in corporate governance will be a tremendous asset. I look forward to working closely with her and our board as we continue to build AFIN and expand its investment focus from net lease real estate to include originating and acquiring first mortgages and other commercial real estate debt securities.”
American Finance Trust also announced that it has accepted the resignation of Herbert Vederman as a director of the company. Vederman served as an independent director on American Finance Trust’s board since March 2015. His resignation was due to personal reasons, and not as the result of any disagreement with the company’s practices or policies, according to a company press release.
American Finance Trust Inc. is a real estate investment trust focused on the acquisition and management of a quality portfolio of single-tenant commercial real estate, as well as the origination and acquisition of first mortgage, credit loan and other commercial real estate-related debt investments, including debt securities across all major commercial real estate sectors.